Bank of Nova Scotia Has $17.49 Million Position in Veralto Corporation $VLTO

Bank of Nova Scotia lessened its holdings in Veralto Corporation (NYSE:VLTO) by 40.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 197,761 shares of the company’s stock after selling 133,503 shares during the quarter. Bank of Nova Scotia’s holdings in Veralto were worth $17,486,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Laurel Wealth Advisors LLC bought a new position in shares of Veralto during the 4th quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in Veralto by 82.2% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock valued at $29,000 after acquiring an additional 129 shares during the period. Creative Capital Management Investments LLC increased its stake in Veralto by 45.9% in the fourth quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock valued at $34,000 after acquiring an additional 107 shares during the period. DV Equities LLC acquired a new position in Veralto in the fourth quarter worth about $35,000. Finally, Elyxium Wealth LLC acquired a new position in Veralto in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on VLTO. Barclays cut their price target on shares of Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Jefferies Financial Group assumed coverage on Veralto in a research note on Tuesday, March 31st. They issued a “buy” rating and a $110.00 price objective on the stock. Wolfe Research restated an “outperform” rating and set a $109.00 target price on shares of Veralto in a research report on Thursday, July 9th. Weiss Ratings restated a “hold (c)” rating on shares of Veralto in a research report on Wednesday, June 24th. Finally, Robert W. Baird set a $103.00 price target on Veralto in a research note on Thursday, April 30th. 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, the stock currently has a consensus rating of “Hold” and an average price target of $106.33.

Veralto Trading Up 0.6%

Shares of VLTO stock opened at $92.02 on Friday. The company has a market capitalization of $22.60 billion, a P/E ratio of 23.78, a P/E/G ratio of 2.59 and a beta of 0.63. Veralto Corporation has a 12-month low of $80.03 and a 12-month high of $110.11. 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 firm has a 50-day moving average price of $87.66 and a 200 day moving average price of $91.07.

Veralto (NYSE:VLTO) last released its quarterly earnings results 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. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm posted $0.95 EPS. The business’s 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. Research analysts forecast that Veralto Corporation will post 4.24 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. Stockholders of record on Tuesday, June 30th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Veralto’s dividend payout ratio (DPR) is 13.44%.

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.