Veralto Corporation $VLTO Holdings Cut by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its stake in shares of Veralto Corporation (NYSE:VLTO) by 45.0% in the 3rd quarter, Holdings Channel reports. The firm owned 100,971 shares of the company’s stock after selling 82,695 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Veralto were worth $10,586,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Harbor Asset Planning Inc. bought a new position in Veralto during the 2nd quarter worth $26,000. Loomis Sayles & Co. L P acquired a new position in shares of Veralto during the second quarter valued at $28,000. True Wealth Design LLC grew its position in shares of Veralto by 852.9% during the third quarter. True Wealth Design LLC now owns 324 shares of the company’s stock worth $35,000 after acquiring an additional 290 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Veralto in the 2nd quarter worth about $44,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in Veralto in the 2nd quarter valued at about $50,000. Institutional investors own 91.28% of the company’s stock.

Veralto Trading Down 0.2%

NYSE:VLTO opened at $101.31 on Friday. The stock has a fifty day simple moving average of $100.72 and a 200 day simple moving average of $103.09. The firm has a market capitalization of $25.16 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 2.89 and a beta of 0.88. Veralto Corporation has a 1-year low of $83.86 and a 1-year 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.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. The firm 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 business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.89 EPS. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS and its Q4 2025 guidance at 0.950-0.980 EPS. Sell-side analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VLTO. Jefferies Financial Group reaffirmed a “hold” rating and set a $105.00 target price (down previously from $125.00) on shares of Veralto in a research note on Wednesday, December 10th. BMO Capital Markets decreased their price objective on shares of Veralto from $123.00 to $114.00 and set an “outperform” rating for the company in a report on Tuesday, November 25th. Citigroup dropped their target price on Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Weiss Ratings lowered Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, December 31st. Finally, Royal Bank Of Canada boosted their price objective on 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $112.89.

Insider Transactions at Veralto

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

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.