KLP Kapitalforvaltning AS Buys 11,200 Shares of Veralto Corporation $VLTO

KLP Kapitalforvaltning AS increased its stake in shares of Veralto Corporation (NYSE:VLTO) by 8.3% during the 3rd quarter, Holdings Channel reports. The fund owned 145,449 shares of the company’s stock after acquiring an additional 11,200 shares during the period. KLP Kapitalforvaltning AS’s holdings in Veralto were worth $15,520,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC grew its stake in shares of Veralto by 16.1% in the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after buying an additional 479 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Veralto by 5.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,947 shares of the company’s stock valued at $2,529,000 after acquiring an additional 1,306 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Veralto by 4.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,670,959 shares of the company’s stock valued at $162,835,000 after acquiring an additional 72,272 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Veralto by 3.6% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company’s stock worth $378,000 after purchasing an additional 134 shares during the period. Finally, United Services Automobile Association bought a new position in shares of Veralto in the 1st quarter worth $523,000. 91.28% of the stock is owned by institutional investors.

Veralto Trading Up 1.4%

Shares of VLTO stock opened at $101.68 on Friday. The stock has a market capitalization of $25.25 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 2.86 and a beta of 0.88. The company’s fifty day simple moving average is $99.98 and its two-hundred day simple moving average is $103.06. Veralto Corporation has a 1 year low of $83.86 and a 1 year 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 released its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the company posted $0.89 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. 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 earnings per share for the current year.

Veralto Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be paid a $0.13 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.52 annualized dividend and a yield of 0.5%. This is a boost from Veralto’s previous quarterly dividend of $0.11. Veralto’s dividend payout ratio is currently 14.25%.

Insider Buying and Selling at Veralto

In related news, SVP Mattias Bystrom sold 1,000 shares of the 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 sale, 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 filing with the SEC, which is accessible through the SEC website. Insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on VLTO. Weiss Ratings downgraded shares of Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 31st. Jefferies Financial Group restated a “hold” rating and set a $105.00 price objective (down from $125.00) on shares of Veralto in a research note on Wednesday, December 10th. Barclays lifted their price objective on shares of Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Citigroup dropped their price target on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Finally, UBS Group upped their price objective on shares of Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Veralto presently has an average rating of “Hold” and a consensus target price of $112.89.

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