Illinois Municipal Retirement Fund Grows Stake in Veralto Corporation $VLTO

Illinois Municipal Retirement Fund lifted its stake in Veralto Corporation (NYSE:VLTO) by 72.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,035 shares of the company’s stock after purchasing an additional 50,053 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Veralto were worth $12,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. PFG Investments LLC increased its stake in Veralto by 2.7% during the 3rd quarter. PFG Investments LLC now owns 3,792 shares of the company’s stock valued at $404,000 after purchasing an additional 100 shares in the last quarter. Strategic Blueprint LLC grew its holdings in shares of Veralto by 4.3% during the third quarter. Strategic Blueprint LLC now owns 2,543 shares of the company’s stock valued at $271,000 after buying an additional 105 shares during the last quarter. Capital Counsel LLC NY increased its position in shares of Veralto by 0.8% during the second quarter. Capital Counsel LLC NY now owns 15,010 shares of the company’s stock valued at $1,515,000 after acquiring an additional 115 shares in the last quarter. City Holding Co. raised its holdings in Veralto by 0.5% in the 3rd quarter. City Holding Co. now owns 21,345 shares of the company’s stock worth $2,276,000 after acquiring an additional 115 shares during the last quarter. Finally, Huntleigh Advisors Inc. raised its holdings in Veralto by 0.5% in the 2nd quarter. Huntleigh Advisors Inc. now owns 28,286 shares of the company’s stock worth $2,856,000 after acquiring an additional 134 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Weiss Ratings downgraded Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, December 31st. Citigroup lowered their price target on Veralto from $111.00 to $104.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. BMO Capital Markets reiterated an “outperform” rating on shares of Veralto in a report on Wednesday. Stifel Nicolaus set a $118.00 target price on Veralto in a research report on Thursday, February 5th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Veralto in a research note on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $108.22.

Veralto Stock Performance

VLTO stock opened at $91.88 on Friday. The company has a market cap of $22.81 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 2.71 and a beta of 0.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.67 and a quick ratio of 1.52. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $110.11. The stock’s fifty day moving average price is $99.49 and its 200-day moving average price is $102.46.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, February 3rd. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.41 billion. Veralto had a return on equity of 35.77% and a net margin of 17.08%.Veralto’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 earnings per share. Veralto has set its FY 2026 guidance at 4.100-4.200 EPS and its Q1 2026 guidance at 0.970-1.010 EPS. On average, equities analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were 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 yield of 0.6%. The ex-dividend date of this dividend was Wednesday, December 31st. Veralto’s dividend payout ratio is currently 13.87%.

Insider Buying and Selling

In other Veralto news, SVP Mattias Bystrom sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president directly owned 31,430 shares in the company, valued at approximately $3,197,373.90. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

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.