HB Wealth Management LLC Decreases Holdings in Veralto Corporation $VLTO

HB Wealth Management LLC trimmed its holdings in Veralto Corporation (NYSE:VLTO) by 30.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 30,965 shares of the company’s stock after selling 13,519 shares during the quarter. HB Wealth Management LLC’s holdings in Veralto were worth $2,738,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in VLTO. State Street Corp grew its holdings in shares of Veralto by 2.6% during the 4th quarter. State Street Corp now owns 10,720,184 shares of the company’s stock valued at $1,071,035,000 after purchasing an additional 270,356 shares during the last quarter. Geode Capital Management LLC lifted its stake in Veralto by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 7,249,875 shares of the company’s stock worth $720,876,000 after purchasing an additional 126,814 shares during the last quarter. First Trust Advisors LP boosted its position in Veralto by 33.3% during the fourth quarter. First Trust Advisors LP now owns 4,678,084 shares of the company’s stock valued at $466,779,000 after buying an additional 1,169,572 shares during the period. Invesco Ltd. boosted its position in Veralto by 6.3% during the fourth quarter. Invesco Ltd. now owns 4,595,043 shares of the company’s stock valued at $458,493,000 after buying an additional 272,036 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Veralto by 2.2% during the fourth quarter. Bank of New York Mellon Corp now owns 3,453,007 shares of the company’s stock valued at $344,541,000 after buying an additional 75,253 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Stock Up 0.0%

NYSE VLTO opened at $92.56 on Tuesday. Veralto Corporation has a 1 year low of $80.03 and a 1 year high of $110.11. The stock has a market capitalization of $22.73 billion, a PE ratio of 22.97, a PEG ratio of 2.61 and a beta of 0.63. 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 business’s 50-day moving average is $86.21 and its 200 day moving average is $91.86.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 earnings per share 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 revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business 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. Sell-side analysts forecast that Veralto Corporation will post 4.24 earnings per share for the current year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders 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 annualized dividend and a dividend yield of 0.6%. Veralto’s dividend payout ratio is currently 13.44%.

Analyst Ratings Changes

Several research firms have recently commented on VLTO. Citigroup decreased their price objective on Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Royal Bank Of Canada increased their target price on Veralto from $99.00 to $100.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Robert W. Baird set a $103.00 price target on Veralto in a research report on Thursday, April 30th. Barclays decreased their price target on Veralto from $117.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Veralto in a research note on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Veralto presently has an average rating of “Hold” and a consensus target price of $105.88.

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.