Corient Private Wealth LLC Buys 9,317 Shares of Veralto Corporation $VLTO

Corient Private Wealth LLC increased its stake in shares of Veralto Corporation (NYSE:VLTO) by 6.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 147,919 shares of the company’s stock after purchasing an additional 9,317 shares during the period. Corient Private Wealth LLC’s holdings in Veralto were worth $14,932,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Veralto by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 30,206,111 shares of the company’s stock worth $3,049,307,000 after purchasing an additional 468,641 shares during the period. State Street Corp boosted its stake in shares of Veralto by 1.9% in the 2nd quarter. State Street Corp now owns 10,257,956 shares of the company’s stock worth $1,036,653,000 after buying an additional 192,139 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Veralto by 28.0% in the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock worth $607,656,000 after acquiring an additional 1,363,502 shares during the period. Rudius Management LP increased its position in Veralto by 15.2% during the first quarter. Rudius Management LP now owns 2,840,270 shares of the company’s stock valued at $276,784,000 after acquiring an additional 375,421 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Veralto by 3.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,701,647 shares of the company’s stock valued at $263,276,000 after acquiring an additional 90,682 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insiders Place Their Bets

In other Veralto news, SVP Mattias Bystrom sold 1,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $101.73, for a total transaction of $101,730.00. Following the completion of the transaction, the senior vice president owned 31,430 shares of the company’s stock, valued at $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 is available at the SEC website. Insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada boosted their price target on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Jefferies Financial Group restated a “hold” rating and set a $105.00 target price (down from $125.00) on shares of Veralto in a research report on Wednesday, December 10th. UBS Group increased their price target on shares of Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Citigroup dropped their price target on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Finally, Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Six equities 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, Veralto presently has an average rating of “Moderate Buy” and a consensus price target of $112.89.

Veralto Stock Up 0.7%

VLTO opened at $100.76 on Friday. The stock has a market cap of $25.02 billion, a price-to-earnings ratio of 27.61, a price-to-earnings-growth ratio of 3.12 and a beta of 0.87. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.57. The firm’s fifty day moving average is $100.50 and its 200 day moving average is $102.82. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $110.11.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. 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, sell-side analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.13 per share. 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 dividend payout ratio is 12.05%.

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.