Veralto Corporation $VLTO Position Cut by King Luther Capital Management Corp

King Luther Capital Management Corp trimmed its stake in Veralto Corporation (NYSE:VLTO) by 7.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 414,985 shares of the company’s stock after selling 31,346 shares during the quarter. King Luther Capital Management Corp owned approximately 0.17% of Veralto worth $41,407,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new stake in Veralto in the fourth quarter valued at $25,000. Root Financial Partners LLC bought a new stake in Veralto in the third quarter valued at $27,000. Goodman Advisory Group LLC bought a new stake in Veralto in the third quarter valued at $29,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Veralto by 82.2% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock valued at $29,000 after buying an additional 129 shares during the last quarter. Finally, Board of the Pension Protection Fund bought a new stake in Veralto in the fourth quarter valued at $30,000. 91.28% of the stock is currently owned by institutional investors.

Veralto Trading Down 0.8%

Shares of VLTO stock opened at $86.07 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.48. Veralto Corporation has a 1 year low of $84.45 and a 1 year high of $110.11. The stock has a fifty day moving average of $88.19 and a two-hundred day moving average of $94.69. The firm has a market capitalization of $21.14 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.45 and a beta of 0.77.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.40 billion. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 EPS. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. As a group, research analysts expect that Veralto Corporation will post 4.23 EPS for the current year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. Veralto’s dividend payout ratio is 13.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Jefferies Financial Group began coverage on Veralto in a research note on Tuesday, March 31st. They issued a “buy” rating and a $110.00 target price on the stock. Citigroup reduced their price target on Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. UBS Group boosted their price target on Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Royal Bank Of Canada boosted their price target on Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird set a $103.00 price target on Veralto in a research report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $105.88.

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.