Fideuram Asset Management Ireland dac Buys New Position in Veralto Corporation $VLTO

Fideuram Asset Management Ireland dac purchased a new position in Veralto Corporation (NYSE:VLTO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,985 shares of the company’s stock, valued at approximately $2,096,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Veralto by 2.8% in the third quarter. Vanguard Group Inc. now owns 31,058,387 shares of the company’s stock worth $3,311,135,000 after acquiring an additional 852,276 shares in the last quarter. State Street Corp grew its position in Veralto by 1.9% in the 3rd quarter. State Street Corp now owns 10,449,828 shares of the company’s stock valued at $1,115,182,000 after purchasing an additional 191,872 shares during the period. Geode Capital Management LLC grew its position in Veralto by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 7,249,875 shares of the company’s stock valued at $720,876,000 after purchasing an additional 126,814 shares during the period. Impax Asset Management Group plc grew its position in Veralto by 3.9% in the 3rd quarter. Impax Asset Management Group plc now owns 3,839,722 shares of the company’s stock valued at $408,503,000 after purchasing an additional 144,044 shares during the period. Finally, First Trust Advisors LP grew its position in Veralto by 24.3% in the 3rd quarter. First Trust Advisors LP now owns 3,508,512 shares of the company’s stock valued at $374,042,000 after purchasing an additional 685,614 shares during the period. Institutional investors own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

VLTO has been the subject of several research reports. Jefferies Financial Group initiated coverage on shares of Veralto in a research report on Tuesday, March 31st. They issued a “buy” rating and a $110.00 price target for the company. Barclays reduced their price target on shares of Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. BMO Capital Markets reissued an “outperform” rating on shares of Veralto in a research report on Wednesday, February 11th. Citigroup reduced their price target on shares of Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Finally, Robert W. Baird set a $103.00 price target on shares of Veralto in a research report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Veralto currently has an average rating of “Hold” and a consensus price target of $105.88.

Veralto Stock Performance

Shares of Veralto stock opened at $82.29 on Friday. The company has a market cap of $20.21 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.36 and a beta of 0.77. Veralto Corporation has a 52 week low of $80.03 and a 52 week high of $110.11. The business has a 50 day moving average price of $87.75 and a 200-day moving average price of $94.40. The company has a quick ratio of 1.32, a current ratio of 1.48 and a debt-to-equity ratio of 0.65.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business 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. Equities analysts anticipate that Veralto Corporation will post 4.23 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a $0.13 dividend. 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 is 13.44%.

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.