Veralto Corporation $VLTO Stock Holdings Increased by Sei Investments Co.

Sei Investments Co. raised its position in shares of Veralto Corporation (NYSE:VLTO) by 37.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 394,325 shares of the company’s stock after purchasing an additional 107,123 shares during the quarter. Sei Investments Co.’s holdings in Veralto were worth $34,868,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its holdings in shares of Veralto by 3.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,199,220 shares of the company’s stock valued at $119,658,000 after acquiring an additional 39,803 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Veralto by 30.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,602 shares of the company’s stock worth $6,147,000 after purchasing an additional 14,219 shares during the last quarter. Rathbones Group PLC boosted its holdings in Veralto by 205.9% in the fourth quarter. Rathbones Group PLC now owns 174,223 shares of the company’s stock worth $17,384,000 after purchasing an additional 117,272 shares during the period. Arbejdsmarkedets Tillaegspension boosted its holdings in Veralto by 23.4% in the first quarter. Arbejdsmarkedets Tillaegspension now owns 291,695 shares of the company’s stock worth $25,792,000 after purchasing an additional 55,348 shares during the period. Finally, Perpetual Ltd increased its stake in Veralto by 10.5% during the fourth quarter. Perpetual Ltd now owns 132,532 shares of the company’s stock valued at $13,224,000 after purchasing an additional 12,625 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.

Veralto Price Performance

Shares of NYSE VLTO opened at $94.14 on Tuesday. Veralto Corporation has a 1-year low of $80.03 and a 1-year high of $110.11. The firm has a market capitalization of $23.12 billion, a PE ratio of 24.33, a P/E/G ratio of 2.59 and a beta of 0.63. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.32. The business’s fifty day moving average price is $87.81 and its two-hundred day moving average price is $90.97.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a net margin of 17.33% and a return on equity of 34.63%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 EPS. On average, research analysts expect that Veralto Corporation will post 4.24 EPS for the current year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th 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 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Veralto’s dividend payout ratio (DPR) is 13.44%.

Analyst Ratings Changes

A number of analysts have weighed in on VLTO shares. Weiss Ratings reissued a “hold (c)” rating on shares of Veralto in a report on Wednesday, June 24th. UBS Group lifted their price target on shares of Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Wolfe Research reaffirmed an “outperform” rating and set a $109.00 price objective on shares of Veralto in a research report on Thursday, July 9th. Jefferies Financial Group started coverage on shares of Veralto in a research report on Tuesday, March 31st. They set a “buy” rating and a $110.00 price objective for the company. Finally, Stifel Nicolaus raised their target price on shares of Veralto from $110.00 to $111.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $106.33.

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