Motley Fool Asset Management LLC Acquires 501 Shares of Veralto Corporation $VLTO

Motley Fool Asset Management LLC lifted its holdings in shares of Veralto Corporation (NYSE:VLTO) by 8.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,548 shares of the company’s stock after purchasing an additional 501 shares during the period. Motley Fool Asset Management LLC’s holdings in Veralto were worth $661,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Harbor Asset Planning Inc. bought a new stake in shares of Veralto during the second quarter worth $26,000. Truvestments Capital LLC grew its holdings in shares of Veralto by 148.5% during the first quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock worth $32,000 after purchasing an additional 196 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Veralto during the second quarter worth $51,000. Cloud Capital Management LLC bought a new stake in shares of Veralto during the first quarter worth $64,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Veralto during the second quarter worth $74,000. Institutional investors own 91.28% of the company’s stock.

Veralto Stock Down 1.4%

Shares of Veralto stock 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. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $110.11. The business has a fifty day simple moving average of $105.52 and a 200 day simple moving average of $101.93. The stock has a market cap of $25.48 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 3.43 and a beta of 0.90.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. Research analysts predict that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

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

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction on Friday, August 29th. The stock was 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 directly owned 106,219 shares of the company’s stock, valued at $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on VLTO shares. Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Stifel Nicolaus set a $120.00 target price on Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Wolfe Research raised Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada lifted their target price on Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Finally, Raymond James Financial started coverage on Veralto in a research note on Tuesday, August 26th. They issued a “market perform” rating for the company. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Veralto currently has a consensus rating of “Moderate Buy” and an average price target of $113.43.

Veralto Company 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.