Wolverine Asset Management LLC Acquires Shares of 18,000 Veralto Corporation $VLTO

Wolverine Asset Management LLC purchased a new stake in Veralto Corporation (NYSE:VLTO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 18,000 shares of the company’s stock, valued at approximately $1,919,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank acquired a new position in Veralto during the second quarter worth about $264,150,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Veralto by 6,015.1% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,347,647 shares of the company’s stock valued at $136,045,000 after purchasing an additional 1,325,609 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Veralto by 154.7% during the second quarter. AQR Capital Management LLC now owns 1,159,433 shares of the company’s stock worth $117,045,000 after buying an additional 704,213 shares during the last quarter. Westwood Holdings Group Inc. acquired a new position in shares of Veralto during the second quarter worth $69,839,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Veralto by 162.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,064,810 shares of the company’s stock valued at $107,493,000 after acquiring an additional 658,529 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays increased their target price on Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Royal Bank Of Canada upped their price target on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. BMO Capital Markets cut their price target on shares of Veralto from $123.00 to $114.00 and set an “outperform” rating on the stock in a report on Tuesday, November 25th. Weiss Ratings cut shares of Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, December 31st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $105.00 target price (down from $125.00) on shares of Veralto in a research report on Wednesday, December 10th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $112.89.

Veralto Trading Down 0.5%

VLTO opened at $102.63 on Friday. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $110.11. The company has a fifty day moving average of $100.38 and a 200-day moving average of $103.14. The stock has a market cap of $25.48 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88. The company has a quick ratio of 1.40, a current ratio of 1.57 and a debt-to-equity ratio of 0.69.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The business’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $0.89 EPS. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS and its Q4 2025 guidance at 0.950-0.980 EPS. On average, sell-side analysts predict that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st will be paid a $0.13 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. This is an increase from Veralto’s previous quarterly dividend of $0.11. Veralto’s dividend payout ratio (DPR) is presently 14.25%.

Insider Activity

In other Veralto news, SVP Mattias Bystrom sold 1,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $101.73, for a total value of $101,730.00. Following the completion of the sale, the senior vice president directly owned 31,430 shares in the company, valued at approximately $3,197,373.90. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is owned by insiders.

Veralto Profile

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands. This segment provides water solutions, including chemical reagents, services, and digital solutions.