Hartford Investment Management Co. Trims Holdings in Veralto Corporation $VLTO

Hartford Investment Management Co. reduced its holdings in shares of Veralto Corporation (NYSE:VLTO) by 1.4% in the second quarter, HoldingsChannel reports. The fund owned 14,895 shares of the company’s stock after selling 218 shares during the period. Hartford Investment Management Co.’s holdings in Veralto were worth $1,504,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Truvestments Capital LLC increased its stake in shares of Veralto by 148.5% during the first quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock valued at $32,000 after purchasing an additional 196 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Veralto in the first quarter worth $45,000. Grove Bank & Trust grew its stake in shares of Veralto by 198.2% in the first quarter. Grove Bank & Trust now owns 510 shares of the company’s stock worth $50,000 after acquiring an additional 339 shares during the last quarter. Global Financial Private Client LLC increased its holdings in shares of Veralto by 95.1% during the first quarter. Global Financial Private Client LLC now owns 593 shares of the company’s stock valued at $58,000 after acquiring an additional 289 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new position in shares of Veralto in the 1st quarter worth about $64,000. Institutional investors own 91.28% of the company’s stock.

Veralto Trading Up 0.1%

Shares of VLTO stock opened at $104.62 on Friday. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $115.00. The stock has a market capitalization of $25.96 billion, a P/E ratio of 29.22, a P/E/G ratio of 3.47 and a beta of 0.91. The firm’s 50 day moving average is $106.29 and its 200 day moving average is $100.46.

Veralto (NYSE:VLTO) last announced its earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Research analysts expect that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 30th. Veralto’s payout ratio is currently 12.29%.

Analysts Set New Price Targets

Several brokerages recently commented on VLTO. Raymond James Financial started coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a “market perform” rating on the stock. Barclays began coverage on shares of Veralto in a report on Friday, September 19th. They set an “overweight” rating and a $120.00 price target on the stock. Royal Bank Of Canada boosted their price objective on shares of Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. Robert W. Baird upped their price objective on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, Wolfe Research raised Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.25.

Insider Activity

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the completion of the sale, the chief executive officer owned 106,219 shares of the company’s stock, valued at $11,286,830.94. This represents a 9.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is currently owned by corporate 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.