California Public Employees Retirement System Raises Stock Position in Veralto Corporation $VLTO

California Public Employees Retirement System raised its holdings in Veralto Corporation (NYSE:VLTO) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 386,727 shares of the company’s stock after purchasing an additional 11,138 shares during the quarter. California Public Employees Retirement System owned 0.16% of Veralto worth $39,040,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Brighton Jones LLC grew its holdings in Veralto by 16.1% during the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock worth $352,000 after acquiring an additional 479 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in Veralto by 29.8% in the first quarter. Atria Wealth Solutions Inc. now owns 6,929 shares of the company’s stock valued at $675,000 after acquiring an additional 1,590 shares during the period. Townsquare Capital LLC boosted its position in Veralto by 7.7% in the 1st quarter. Townsquare Capital LLC now owns 4,973 shares of the company’s stock worth $485,000 after purchasing an additional 357 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Veralto by 24.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,685 shares of the company’s stock worth $359,000 after purchasing an additional 718 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Veralto by 26.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock valued at $314,137,000 after purchasing an additional 682,123 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Buying and Selling

In related news, SVP Mattias Bystrom sold 1,000 shares of the stock in a transaction on 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. This represents a 3.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Jefferies Financial Group reissued a “hold” rating and set a $105.00 price target (down from $125.00) on shares of Veralto in a report on Wednesday. Raymond James Financial started coverage on shares of Veralto in a research note on Tuesday, August 26th. They set a “market perform” rating on the stock. Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price target on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Finally, UBS Group raised their price objective on Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.89.

Veralto Stock Down 0.5%

VLTO stock opened at $97.91 on Thursday. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $110.11. The company has a quick ratio of 1.40, a current ratio of 1.57 and a debt-to-equity ratio of 0.69. The firm has a 50-day simple moving average of $101.18 and a 200-day simple moving average of $102.88. The stock has a market capitalization of $24.31 billion, a P/E ratio of 26.82, a P/E/G ratio of 3.07 and a beta of 0.87.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company posted $0.89 EPS. Veralto’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. Equities analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, September 30th. Veralto’s payout ratio is presently 12.05%.

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.