LGT Capital Partners LTD. bought a new stake in shares of Veralto Corporation (NYSE:VLTO – Free Report) during the third quarter, Holdings Channel reports. The fund bought 19,400 shares of the company’s stock, valued at approximately $2,068,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in VLTO. Mufg Securities Americas Inc. raised its position in Veralto by 21.8% during the third quarter. Mufg Securities Americas Inc. now owns 6,692 shares of the company’s stock worth $713,000 after acquiring an additional 1,199 shares during the period. Compound Planning Inc. acquired a new position in shares of Veralto during the 3rd quarter worth about $210,000. EverSource Wealth Advisors LLC boosted its holdings in Veralto by 42.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,566 shares of the company’s stock worth $380,000 after buying an additional 1,064 shares during the last quarter. O Brien Greene & Co. Inc increased its stake in Veralto by 0.4% during the 3rd quarter. O Brien Greene & Co. Inc now owns 56,737 shares of the company’s stock worth $6,049,000 after buying an additional 214 shares in the last quarter. Finally, Legacy Financial Advisors Inc. acquired a new position in shares of Veralto during the third quarter valued at approximately $201,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.
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 transaction of $101,730.00. Following the sale, the senior vice president owned 31,430 shares of the company’s stock, valued at approximately $3,197,373.90. The trade was a 3.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is owned by corporate insiders.
Veralto Stock Down 0.5%
Veralto (NYSE:VLTO – Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. Veralto had a net margin of 17.08% and a return on equity of 35.77%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the company posted $0.95 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.100-4.200 EPS and its Q1 2026 guidance at 0.970-1.010 EPS. As a group, equities analysts forecast that Veralto Corporation will post 3.66 EPS for the current year.
Veralto Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were paid a $0.13 dividend. This is a positive change from Veralto’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. Veralto’s dividend payout ratio is currently 13.87%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on VLTO shares. Robert W. Baird set a $108.00 target price on Veralto in a research report on Thursday, February 5th. Royal Bank Of Canada decreased their price objective on Veralto from $111.00 to $102.00 and set a “sector perform” rating on the stock in a report on Thursday, February 5th. Citigroup lowered their target price on shares of Veralto from $111.00 to $104.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. UBS Group set a $102.00 target price on shares of Veralto and gave the company a “neutral” rating in a research report on Friday, February 6th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Veralto in a research report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Veralto presently has an average rating of “Hold” and a consensus price target of $108.22.
Read Our Latest Research Report on VLTO
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.
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