OP Asset Management Ltd Buys New Holdings in Veralto Corporation $VLTO

OP Asset Management Ltd bought a new position in Veralto Corporation (NYSE:VLTO) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 26,069 shares of the company’s stock, valued at approximately $2,305,000.

A number of other institutional investors have also recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. increased its stake in Veralto by 3.4% in the fourth 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 period. First Trust Advisors LP lifted its stake in Veralto by 24.3% during the third quarter. First Trust Advisors LP now owns 3,508,512 shares of the company’s stock worth $374,042,000 after purchasing an additional 685,614 shares during the period. 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 period. Swiss Life Asset Management Ltd boosted its holdings in Veralto by 18.0% during the third quarter. Swiss Life Asset Management Ltd now owns 78,343 shares of the company’s stock valued at $8,352,000 after purchasing an additional 11,930 shares in the last quarter. Finally, Rathbones Group PLC boosted its holdings in Veralto by 88.7% during the third quarter. Rathbones Group PLC now owns 56,951 shares of the company’s stock valued at $6,072,000 after purchasing an additional 26,776 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Trading Up 2.1%

Shares of VLTO opened at $89.80 on Friday. The stock’s fifty day simple moving average is $86.11 and its 200-day simple moving average is $92.25. The firm has a market capitalization of $22.06 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 2.53 and a beta of 0.69. Veralto Corporation has a 12-month low of $80.03 and a 12-month high of $110.11. The company has a quick ratio of 1.32, a current ratio of 1.48 and a debt-to-equity ratio of 0.65.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.05. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the business posted $0.95 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. 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 predict that Veralto Corporation will post 4.23 earnings per share for the current year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.13 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. Veralto’s payout ratio is presently 13.44%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VLTO. Royal Bank Of Canada upped their price objective on Veralto from $99.00 to $100.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Citigroup decreased their price target on Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Robert W. Baird set a $103.00 price target on Veralto in a research report on Thursday, April 30th. Stifel Nicolaus lowered their price target on Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, UBS Group increased their price objective on Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.