Brighton Jones LLC Grows Stake in Veralto Corporation $VLTO

Brighton Jones LLC raised its stake in Veralto Corporation (NYSE:VLTO) by 89.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,950 shares of the company’s stock after purchasing an additional 3,279 shares during the quarter. Brighton Jones LLC’s holdings in Veralto were worth $702,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Veralto by 1.3% during the first quarter. Vanguard Group Inc. now owns 29,737,470 shares of the company’s stock valued at $2,897,916,000 after acquiring an additional 390,285 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Veralto by 8.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock valued at $1,027,264,000 after acquiring an additional 811,843 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Veralto by 28.0% during the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock valued at $607,656,000 after acquiring an additional 1,363,502 shares in the last quarter. Invesco Ltd. grew its stake in shares of Veralto by 6.9% during the first quarter. Invesco Ltd. now owns 4,856,071 shares of the company’s stock valued at $473,224,000 after acquiring an additional 314,704 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Veralto by 13.6% during the first quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company’s stock valued at $415,074,000 after acquiring an additional 509,104 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Performance

Shares of NYSE VLTO opened at $102.67 on Wednesday. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. The firm’s 50-day moving average price is $105.52 and its two-hundred day moving average price is $101.93. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $110.11. The stock has a market capitalization of $25.48 billion, a P/E ratio of 28.68, a P/E/G ratio of 3.43 and a beta of 0.90.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the company posted $0.89 earnings per share. Veralto’s revenue was up 6.8% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. As a group, sell-side analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th will be issued a $0.11 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 12.29%.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were 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 of the company’s stock, valued at $11,286,830.94. This trade represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Raymond James Financial assumed coverage on Veralto in a research note on Tuesday, August 26th. They set a “market perform” rating for the company. Barclays decreased their price target on Veralto from $120.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Wolfe Research upgraded Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 price target on Veralto and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Veralto has a consensus rating of “Moderate Buy” and a consensus price target of $113.43.

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.