Veralto Corporation $VLTO Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd reduced its holdings in Veralto Corporation (NYSE:VLTO) by 6.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,949 shares of the company’s stock after selling 6,368 shares during the quarter. Ninety One UK Ltd’s holdings in Veralto were worth $10,229,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VLTO. Norges Bank purchased a new stake in shares of Veralto during the second quarter worth $264,150,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Veralto by 6,015.1% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,347,647 shares of the company’s stock valued at $136,045,000 after purchasing an additional 1,325,609 shares during the period. AQR Capital Management LLC raised its stake in Veralto by 154.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,159,433 shares of the company’s stock valued at $117,045,000 after purchasing an additional 704,213 shares during the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of Veralto in the second quarter valued at about $69,839,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Veralto by 162.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,064,810 shares of the company’s stock worth $107,493,000 after purchasing an additional 658,529 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VLTO. Weiss Ratings downgraded Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Barclays raised their target price on Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. UBS Group increased their price target on Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. BMO Capital Markets dropped their price target on Veralto from $123.00 to $114.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 25th. Finally, 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. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Veralto has an average rating of “Hold” and a consensus target price of $112.89.

Insiders Place Their Bets

In other Veralto news, SVP Mattias Bystrom sold 1,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $101.73, for a total value of $101,730.00. Following the sale, the senior vice president owned 31,430 shares of the company’s stock, valued at $3,197,373.90. This trade represents a 3.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is owned by corporate insiders.

Veralto Stock Performance

NYSE:VLTO opened at $99.71 on Friday. The company has a market capitalization of $24.76 billion, a PE ratio of 27.32, a P/E/G ratio of 3.11 and a beta of 0.88. The company has a 50 day simple moving average of $100.21 and a two-hundred day simple moving average of $102.96. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.57. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $110.11.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the business earned $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. Research analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.13 per share. This is an increase from Veralto’s previous quarterly dividend of $0.11. The ex-dividend date is Wednesday, December 31st. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. Veralto’s dividend payout ratio is 14.25%.

About Veralto

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.