Evermay Wealth Management LLC Lowers Position in Veralto Corporation $VLTO

Evermay Wealth Management LLC lowered its holdings in Veralto Corporation (NYSE:VLTO) by 13.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,822 shares of the company’s stock after selling 283 shares during the period. Evermay Wealth Management LLC’s holdings in Veralto were worth $184,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VLTO. Brighton Jones LLC raised its holdings in shares of Veralto by 16.1% in the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after acquiring an additional 479 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Veralto by 1.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 73,545 shares of the company’s stock valued at $7,167,000 after acquiring an additional 1,284 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Veralto during the 1st quarter valued at about $236,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Veralto during the 1st quarter valued at about $700,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Veralto by 1.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company’s stock valued at $856,000 after buying an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

VLTO has been the topic of a number of research reports. Royal Bank Of Canada raised their price objective on Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a report on Wednesday, July 30th. Robert W. Baird raised their price objective on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Barclays decreased their price objective on Veralto from $120.00 to $119.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Stifel Nicolaus set a $120.00 price objective on Veralto and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Raymond James Financial initiated coverage on Veralto in a report on Tuesday, August 26th. They set a “market perform” rating on the stock. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Veralto currently has a consensus rating of “Moderate Buy” and an average price target of $113.43.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto 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 sale, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Veralto Price Performance

VLTO opened at $104.00 on Tuesday. The stock’s 50 day simple moving average is $106.00 and its 200 day simple moving average is $101.27. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $115.00. The firm has a market cap of $25.81 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 3.39 and a beta of 0.90.

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

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be given a $0.11 dividend. 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 dividend payout ratio (DPR) is currently 12.29%.

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.