Allstate Corp Raises Holdings in Veralto Corporation $VLTO

Allstate Corp increased its holdings in Veralto Corporation (NYSE:VLTO) by 105.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 17,607 shares of the company’s stock after acquiring an additional 9,023 shares during the period. Allstate Corp’s holdings in Veralto were worth $1,757,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Azzad Asset Management Inc. ADV lifted its stake in Veralto by 0.7% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 15,098 shares of the company’s stock worth $1,506,000 after purchasing an additional 99 shares in the last quarter. IFP Advisors Inc lifted its stake in Veralto by 14.0% during the third quarter. IFP Advisors Inc now owns 855 shares of the company’s stock worth $91,000 after purchasing an additional 105 shares in the last quarter. Creative Capital Management Investments LLC raised its stake in shares of Veralto by 45.9% in the fourth quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock valued at $34,000 after acquiring an additional 107 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Veralto by 0.7% in the third quarter. Private Advisor Group LLC now owns 15,777 shares of the company’s stock valued at $1,682,000 after acquiring an additional 109 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Veralto by 18.9% in the third quarter. Larson Financial Group LLC now owns 735 shares of the company’s stock valued at $78,000 after acquiring an additional 117 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Citigroup reduced their price objective on Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Royal Bank Of Canada increased their price objective on Veralto from $99.00 to $100.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Robert W. Baird set a $103.00 price objective on Veralto in a research note on Thursday, April 30th. Stifel Nicolaus reduced their price objective on Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, UBS Group increased their price objective on Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $105.88.

Veralto Stock Performance

Shares of VLTO stock opened at $83.52 on Friday. The stock’s 50-day moving average is $87.91 and its two-hundred day moving average is $94.48. The firm has a market cap of $20.51 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 2.38 and a beta of 0.77. Veralto Corporation has a 1 year low of $80.03 and a 1 year high of $110.11. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.48.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.05. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. Analysts predict that Veralto Corporation will post 4.23 earnings per share for the current year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. Veralto’s dividend payout ratio (DPR) is presently 13.44%.

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