Veralto Corporation $VLTO Shares Sold by Bull Street Advisors LLC

Bull Street Advisors LLC cut its position in shares of Veralto Corporation (NYSE:VLTO) by 8.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,246 shares of the company’s stock after selling 475 shares during the quarter. Bull Street Advisors LLC’s holdings in Veralto were worth $530,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of VLTO. Truvestments Capital LLC lifted its stake in 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 buying an additional 196 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in Veralto during the first quarter valued at about $45,000. Grove Bank & Trust lifted its stake in Veralto by 198.2% during the first quarter. Grove Bank & Trust now owns 510 shares of the company’s stock valued at $50,000 after buying an additional 339 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Veralto during the second quarter valued at about $51,000. Finally, Cloud Capital Management LLC purchased a new stake in Veralto during the first quarter valued at about $64,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the transaction, the chief executive officer owned 106,219 shares in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on VLTO shares. Raymond James Financial started coverage on shares of Veralto in a research note on Tuesday, August 26th. They set a “market perform” rating for the company. Wolfe Research raised shares of Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Robert W. Baird increased their price target on shares of Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price target on shares of Veralto and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Finally, Weiss Ratings raised shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.43.

Veralto Trading Down 1.1%

NYSE:VLTO opened at $101.72 on Friday. The stock’s 50 day moving average price is $106.58 and its 200 day moving average price is $100.96. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $115.00. The company has a market capitalization of $25.24 billion, a P/E ratio of 28.41, a P/E/G ratio of 3.38 and a beta of 0.90. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. On average, research analysts forecast that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

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

About Veralto

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.