Wealthfront Advisers LLC Purchases 3,037 Shares of Veralto Corporation $VLTO

Wealthfront Advisers LLC grew its holdings in shares of Veralto Corporation (NYSE:VLTO) by 36.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,305 shares of the company’s stock after buying an additional 3,037 shares during the quarter. Wealthfront Advisers LLC’s holdings in Veralto were worth $1,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of VLTO. Nuveen LLC purchased a new position in Veralto during the 1st quarter valued at $172,399,000. Alliancebernstein L.P. boosted its position in Veralto by 28.0% in the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock valued at $607,656,000 after buying an additional 1,363,502 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in Veralto by 8.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock worth $1,027,264,000 after acquiring an additional 811,843 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Veralto by 26.8% during the first quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock worth $314,137,000 after acquiring an additional 682,123 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Veralto by 162.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,064,810 shares of the company’s stock valued at $107,493,000 after acquiring an additional 658,529 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Price Performance

Shares of VLTO opened at $100.31 on Friday. The company has a 50 day moving average of $105.17 and a two-hundred day moving average of $101.99. 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 twelve month low of $83.86 and a twelve month high of $110.11. The company has a market cap of $24.89 billion, a price-to-earnings ratio of 27.48, a price-to-earnings-growth ratio of 3.26 and a beta of 0.90.

Veralto (NYSE:VLTO) last issued its quarterly 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. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a return on equity of 40.80% and a net margin of 16.75%.The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 earnings per share. 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, analysts predict that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.11 per share. The ex-dividend date 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 presently 12.29%.

Insider Activity

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 106,219 shares of the company’s stock, valued at $11,286,830.94. This trade represents a 9.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barclays increased their price objective on Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday. Citigroup lowered their target price on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a report on Thursday. Stifel Nicolaus set a $120.00 target price on Veralto and gave the stock a “buy” rating in a report on Wednesday, July 30th. Raymond James Financial started coverage on Veralto in a report on Tuesday, August 26th. They issued a “market perform” rating for the company. Finally, Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.71.

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.