ABN AMRO Bank N.V. Buys 38,227 Shares of Veralto Corporation $VLTO

ABN AMRO Bank N.V. boosted its stake in Veralto Corporation (NYSE:VLTO) by 14.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 302,119 shares of the company’s stock after purchasing an additional 38,227 shares during the period. ABN AMRO Bank N.V.’s holdings in Veralto were worth $26,999,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Laurel Wealth Advisors LLC purchased a new stake in shares of Veralto during the fourth quarter valued at approximately $25,000. Goodman Advisory Group LLC bought a new position in Veralto during the 3rd quarter valued at approximately $29,000. Annis Gardner Whiting Capital Advisors LLC raised 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 valued at $29,000 after purchasing an additional 129 shares during the last quarter. Board of the Pension Protection Fund purchased a new stake in Veralto in the 4th quarter worth approximately $30,000. Finally, Creative Capital Management Investments LLC grew its position in shares of Veralto by 45.9% in the 4th quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock worth $34,000 after buying an additional 107 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on VLTO. Citigroup dropped their price target on Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of Veralto in a report on Wednesday. Royal Bank Of Canada raised their target price on shares of Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. UBS Group boosted their price target on shares of Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Finally, Stifel Nicolaus decreased their price target on shares of Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $105.88.

Veralto Stock Performance

Shares of VLTO opened at $89.80 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The business has a 50-day simple moving average of $86.11 and a two-hundred day simple moving average of $92.25. The stock has a market cap of $22.06 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 2.53 and a beta of 0.69. Veralto Corporation has a 52 week low of $80.03 and a 52 week high of $110.11.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The firm had revenue of $1.42 billion for 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% on a year-over-year basis. During the same period in the previous year, the firm earned $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. On average, analysts expect that Veralto Corporation will post 4.23 EPS for the current year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, June 30th. Veralto’s dividend payout ratio is presently 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.