CIBC Asset Management Inc Has $12.88 Million Stock Position in Veralto Corporation $VLTO

CIBC Asset Management Inc lifted its stake in Veralto Corporation (NYSE:VLTO) by 277.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 129,053 shares of the company’s stock after purchasing an additional 94,839 shares during the quarter. CIBC Asset Management Inc owned 0.05% of Veralto worth $12,877,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC acquired a new stake in Veralto during the 4th quarter worth about $25,000. Goodman Advisory Group LLC acquired a new stake in Veralto during the 3rd quarter worth about $29,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in Veralto by 82.2% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock worth $29,000 after acquiring an additional 129 shares during the period. Board of the Pension Protection Fund acquired a new stake in Veralto during the 4th quarter worth about $30,000. Finally, Creative Capital Management Investments LLC boosted its position 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 acquiring an additional 107 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Up 1.7%

VLTO opened at $86.17 on Friday. Veralto Corporation has a fifty-two week low of $80.03 and a fifty-two week high of $110.11. The business has a 50-day moving average of $87.37 and a 200-day moving average of $93.91. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.32. The company has a market capitalization of $21.16 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 2.39 and a beta of 0.69.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the business earned $0.95 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. 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 research analysts forecast that Veralto Corporation will post 4.23 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.13 per share. 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 (DPR) is 13.44%.

Analyst Ratings Changes

A number of brokerages have commented on VLTO. Robert W. Baird set a $103.00 price objective on Veralto in a research report on Thursday, April 30th. BMO Capital Markets restated an “outperform” rating on shares of Veralto in a research report on Wednesday, February 11th. Royal Bank Of Canada raised their price objective on Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Stifel Nicolaus decreased their price objective on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, UBS Group raised their price objective on Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Veralto has an average rating of “Hold” and a consensus target price of $105.88.

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.