Ferguson Wellman Capital Management Inc. Has $1.22 Million Stock Holdings in Veralto Corporation $VLTO

Ferguson Wellman Capital Management Inc. lowered its stake in Veralto Corporation (NYSE:VLTO) by 97.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,440 shares of the company’s stock after selling 441,867 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Veralto were worth $1,220,000 as of its most recent SEC filing.

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

Insider Activity

In related news, SVP Mattias Bystrom sold 1,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $101.73, for a total value of $101,730.00. Following the transaction, the senior vice president directly owned 31,430 shares in the company, valued at approximately $3,197,373.90. This represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

VLTO has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their price objective on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Barclays lifted their price target on Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Citigroup dropped their price objective on Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings cut Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, December 31st. Finally, BMO Capital Markets reduced their target price on Veralto from $123.00 to $114.00 and set an “outperform” rating for the company in a research note on Tuesday, November 25th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Veralto presently has a consensus rating of “Hold” and a consensus target price of $112.89.

Veralto Stock Up 1.0%

Veralto stock opened at $102.74 on Friday. The company’s 50-day moving average price is $100.06 and its two-hundred day moving average price is $103.09. 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 stock has a market cap of $25.51 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.90 and a beta of 0.88. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $110.11.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS and its Q4 2025 guidance at 0.950-0.980 EPS. As a group, analysts expect that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Increases Dividend

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