Franklin Resources Inc. Reduces Stock Position in Veralto Corporation $VLTO

Franklin Resources Inc. cut its holdings in Veralto Corporation (NYSE:VLTO) by 21.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 938,620 shares of the company’s stock after selling 253,756 shares during the quarter. Franklin Resources Inc. owned approximately 0.38% of Veralto worth $93,656,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Norges Bank purchased a new stake in Veralto in the 4th quarter valued at approximately $261,340,000. AQR Capital Management LLC increased its position in Veralto by 86.1% during the third quarter. AQR Capital Management LLC now owns 2,157,211 shares of the company’s stock worth $226,615,000 after buying an additional 997,778 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Veralto by 2.8% in the third quarter. Vanguard Group Inc. now owns 31,058,387 shares of the company’s stock worth $3,311,135,000 after acquiring an additional 852,276 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Veralto by 10,317.8% in the fourth quarter. SG Americas Securities LLC now owns 781,651 shares of the company’s stock valued at $77,993,000 after acquiring an additional 774,148 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Veralto by 24.3% in the third quarter. First Trust Advisors LP now owns 3,508,512 shares of the company’s stock valued at $374,042,000 after acquiring an additional 685,614 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup decreased their price objective on Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. BMO Capital Markets reissued an “outperform” rating on shares of Veralto in a research note on Wednesday, February 11th. Jefferies Financial Group began coverage on shares of Veralto in a report on Tuesday, March 31st. They issued a “buy” rating and a $110.00 target price on the stock. Robert W. Baird set a $103.00 price target on shares of Veralto in a report on Thursday, April 30th. Finally, UBS Group boosted their price objective 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. 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 data from MarketBeat.com, Veralto currently has a consensus rating of “Hold” and an average price target of $105.88.

Veralto Stock Down 4.4%

VLTO stock opened at $82.41 on Thursday. The stock has a market capitalization of $20.24 billion, a P/E ratio of 21.29, a PEG ratio of 2.43 and a beta of 0.69. 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 Corporation has a one year low of $80.03 and a one year high of $110.11. The company has a 50 day moving average price of $87.30 and a two-hundred day moving average price of $93.60.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates 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 earnings per share. 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, sell-side analysts expect that Veralto Corporation will post 4.23 EPS for the current year.

Veralto Dividend Announcement

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