Westwood Holdings Group Inc. Takes $69.84 Million Position in Veralto Corporation $VLTO

Westwood Holdings Group Inc. bought a new position in shares of Veralto Corporation (NYSE:VLTO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 691,817 shares of the company’s stock, valued at approximately $69,839,000.

Other hedge funds have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new stake in Veralto in the 2nd quarter worth $58,000. Rexford Capital Inc. bought a new stake in shares of Veralto in the second quarter valued at about $78,000. Headlands Technologies LLC acquired a new stake in Veralto during the second quarter worth about $44,000. Howland Capital Management LLC bought a new position in Veralto during the second quarter valued at about $202,000. Finally, Corient Private Wealth LLC raised its holdings in Veralto by 117.1% in the 2nd quarter. Corient Private Wealth LLC now owns 300,957 shares of the company’s stock valued at $30,392,000 after acquiring an additional 162,355 shares in the last quarter. 91.28% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Mattias Bystrom sold 1,000 shares of Veralto stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $101.73, for a total value of $101,730.00. Following the completion of the transaction, the senior vice president owned 31,430 shares in the company, valued at approximately $3,197,373.90. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

VLTO has been the topic of several recent research reports. Jefferies Financial Group reissued a “hold” rating and set a $105.00 price objective (down previously from $125.00) on shares of Veralto in a report on Wednesday. Raymond James Financial assumed coverage on Veralto in a research report on Tuesday, August 26th. They issued a “market perform” rating for the company. BMO Capital Markets lowered their price target on shares of Veralto from $123.00 to $114.00 and set an “outperform” rating on the stock in a report on Tuesday, November 25th. UBS Group raised their price objective on shares of Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Finally, Royal Bank Of Canada upped their target price on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.89.

Veralto Stock Performance

Veralto stock opened at $98.65 on Friday. The firm has a market capitalization of $24.49 billion, a P/E ratio of 27.03, a P/E/G ratio of 3.08 and a beta of 0.87. The stock has a fifty day moving average price of $100.85 and a two-hundred day moving average price of $102.85. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $110.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.57 and a quick ratio of 1.40.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS and its Q4 2025 guidance at 0.950-0.980 EPS. As a group, analysts anticipate 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 was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. Veralto’s dividend payout ratio (DPR) is presently 12.05%.

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.