Bank of New York Mellon Corp Boosts Stock Position in Veralto Corporation $VLTO

Bank of New York Mellon Corp lifted its position in Veralto Corporation (NYSE:VLTO) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,453,007 shares of the company’s stock after buying an additional 75,253 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.39% of Veralto worth $344,541,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Azzad Asset Management Inc. ADV grew its stake in Veralto by 0.7% during the 4th 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 grew its stake in Veralto by 14.0% during the 3rd 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 grew its stake in Veralto by 45.9% during the 4th quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock worth $34,000 after purchasing an additional 107 shares in the last quarter. Private Advisor Group LLC grew its stake in Veralto by 0.7% during the 3rd quarter. Private Advisor Group LLC now owns 15,777 shares of the company’s stock worth $1,682,000 after purchasing an additional 109 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in Veralto by 18.9% during the 3rd quarter. Larson Financial Group LLC now owns 735 shares of the company’s stock worth $78,000 after purchasing an additional 117 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on VLTO shares. Citigroup lowered their target price on Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Stifel Nicolaus lowered their target price on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Royal Bank Of Canada boosted their target price on Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Barclays lowered their target price on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Veralto in a research note on Wednesday, February 11th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $105.88.

Veralto Trading Up 0.2%

NYSE:VLTO opened at $84.88 on Friday. The stock has a 50-day simple moving average of $87.39 and a 200-day simple moving average of $93.97. The stock has a market cap of $20.85 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.39 and a beta of 0.69. 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 released 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 business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the firm posted $0.95 EPS. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. As a group, analysts anticipate that Veralto Corporation will post 4.23 earnings per share for the current fiscal year.

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.52 dividend on an annualized basis 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.