Vontobel Holding Ltd. Increases Stock Holdings in Veralto Corporation $VLTO

Vontobel Holding Ltd. lifted its position in shares of Veralto Corporation (NYSE:VLTO) by 13.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 594,377 shares of the company’s stock after buying an additional 70,633 shares during the quarter. Vontobel Holding Ltd.’s holdings in Veralto were worth $63,367,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Veralto by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 30,206,111 shares of the company’s stock valued at $3,049,307,000 after acquiring an additional 468,641 shares in the last quarter. State Street Corp increased its stake in shares of Veralto by 1.9% during the 2nd quarter. State Street Corp now owns 10,257,956 shares of the company’s stock worth $1,036,653,000 after purchasing an additional 192,139 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Veralto by 28.0% during the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock worth $607,656,000 after purchasing an additional 1,363,502 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Veralto by 3.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,701,647 shares of the company’s stock worth $263,276,000 after purchasing an additional 90,682 shares during the last quarter. Finally, Norges Bank acquired a new stake in Veralto during the 2nd quarter valued at $264,150,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada boosted their price target on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Barclays boosted their target price on shares of Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Citigroup decreased their price target on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Raymond James Financial began coverage on shares of Veralto in a research report on Tuesday, August 26th. They issued a “market perform” rating for the company. Finally, Weiss Ratings upgraded shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.89.

Insider Buying and Selling at Veralto

In related news, SVP Mattias Bystrom sold 1,000 shares of Veralto stock in a transaction on Monday, December 1st. The stock was sold at an average price of $101.73, for a total value of $101,730.00. Following the transaction, the senior vice president owned 31,430 shares in the company, valued at approximately $3,197,373.90. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.36% of the company’s stock.

Veralto Trading Up 0.6%

NYSE VLTO opened at $102.60 on Wednesday. The company has a market cap of $25.48 billion, a P/E ratio of 28.11, a P/E/G ratio of 3.18 and a beta of 0.87. Veralto Corporation has a 12 month low of $83.86 and a 12 month 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. The company has a 50-day moving average of $100.50 and a 200-day moving average of $102.90.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the company earned $0.89 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. 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, equities analysts predict that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, December 31st. This is a positive change from Veralto’s previous quarterly dividend of $0.11. Veralto’s payout ratio is currently 12.05%.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.