Ninety One UK Ltd Sells 6,368 Shares of Veralto Corporation $VLTO

Ninety One UK Ltd lowered its position in Veralto Corporation (NYSE:VLTO) by 6.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 95,949 shares of the company’s stock after selling 6,368 shares during the period. Ninety One UK Ltd’s holdings in Veralto were worth $10,229,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada raised its position in Veralto by 13.1% during the first quarter. Royal Bank of Canada now owns 1,177,453 shares of the company’s stock worth $114,741,000 after acquiring an additional 136,708 shares during the period. Defender Capital LLC. increased its holdings in Veralto by 9.2% during the 2nd quarter. Defender Capital LLC. now owns 172,870 shares of the company’s stock worth $17,451,000 after purchasing an additional 14,586 shares during the period. Foresight Group Ltd Liability Partnership acquired a new position in shares of Veralto during the 1st quarter worth about $14,162,000. Vise Technologies Inc. purchased a new position in shares of Veralto during the second quarter worth about $597,000. Finally, Oak Thistle LLC purchased a new stake in shares of Veralto in the third quarter valued at about $1,249,000. Institutional investors own 91.28% of the company’s stock.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Mattias Bystrom sold 1,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $101.73, for a total value of $101,730.00. Following the completion of the transaction, the senior vice president directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on VLTO. Citigroup dropped their target price on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. UBS Group increased their price target on Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Royal Bank Of Canada increased their price objective on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Barclays raised their price target on Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $105.00 price target (down from $125.00) on shares of Veralto in a report on Wednesday, December 10th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $112.89.

Veralto Stock Down 1.6%

VLTO opened at $99.71 on Friday. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $110.11. The company has a market capitalization of $24.76 billion, a P/E ratio of 27.32, a P/E/G ratio of 3.11 and a beta of 0.88. The firm’s fifty day moving average price is $100.21 and its two-hundred day moving average price is $102.96. 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 posted its earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The firm’s quarterly revenue 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. On average, analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Increases Dividend

The business 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 of this dividend is Wednesday, December 31st. This is a positive change from Veralto’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 0.5%. Veralto’s payout ratio is currently 14.25%.

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.