111 Capital Has $340,000 Stock Holdings in Veralto Corporation $VLTO

111 Capital trimmed its position in Veralto Corporation (NYSE:VLTO) by 56.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,372 shares of the company’s stock after selling 4,283 shares during the period. 111 Capital’s holdings in Veralto were worth $340,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Park Avenue Securities LLC raised its position in shares of Veralto by 11.5% in the 1st quarter. Park Avenue Securities LLC now owns 19,213 shares of the company’s stock valued at $1,872,000 after acquiring an additional 1,985 shares during the period. Royal Bank of Canada raised its position in shares of Veralto by 13.1% in the 1st quarter. Royal Bank of Canada now owns 1,177,453 shares of the company’s stock valued at $114,741,000 after acquiring an additional 136,708 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Veralto by 1.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company’s stock valued at $856,000 after acquiring an additional 113 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Veralto by 9.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 26,833 shares of the company’s stock valued at $2,619,000 after acquiring an additional 2,313 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Veralto by 3.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company’s stock valued at $1,417,000 after acquiring an additional 429 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VLTO has been the topic of several research analyst reports. Wolfe Research upgraded shares of Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Veralto in a report on Saturday, September 27th. Barclays dropped their target price on shares of Veralto from $120.00 to $119.00 and set an “overweight” rating on the stock in a report on Monday. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Raymond James Financial initiated coverage on shares of Veralto in a report on Tuesday, August 26th. They set a “market perform” rating on the stock. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.43.

Insiders Place Their Bets

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the transaction, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

Veralto Price Performance

NYSE VLTO opened at $106.10 on Tuesday. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $115.00. The company has a market capitalization of $26.33 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 3.56 and a beta of 0.90. The firm’s 50 day moving average is $106.71 and its 200-day moving average is $100.83.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $0.85 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Equities research analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, September 30th. Veralto’s payout ratio is presently 12.29%.

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.