BI Asset Management Fondsmaeglerselskab A S Has $2.92 Million Holdings in Veralto Corporation $VLTO

BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Veralto Corporation (NYSE:VLTO) by 24.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,069 shares of the company’s stock after purchasing an additional 6,490 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Veralto were worth $2,924,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp increased its position in shares of Veralto by 2.6% during the fourth quarter. State Street Corp now owns 10,720,184 shares of the company’s stock worth $1,071,035,000 after buying an additional 270,356 shares during the period. Geode Capital Management LLC lifted its holdings in Veralto by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 7,249,875 shares of the company’s stock valued at $720,876,000 after buying an additional 126,814 shares during the period. 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 acquiring an additional 1,169,572 shares during the last quarter. 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 acquiring an additional 272,036 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in 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 acquiring an additional 75,253 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VLTO. Citigroup lowered their price objective on Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Robert W. Baird set a $103.00 target price on Veralto in a research report on Thursday, April 30th. Stifel Nicolaus decreased their target price on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Barclays lowered their target price on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, UBS Group boosted their price target on Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Veralto presently has an average rating of “Hold” and a consensus price target of $105.88.

Veralto Trading Down 1.2%

VLTO opened at $82.97 on Tuesday. Veralto Corporation has a 1-year low of $80.03 and a 1-year high of $110.11. The company has a current ratio of 1.48, a quick ratio of 1.32 and a debt-to-equity ratio of 0.65. The company has a market cap of $20.38 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 2.37 and a beta of 0.70. The company has a fifty day moving average price of $86.43 and a two-hundred day moving average price of $92.61.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. Veralto had a net margin of 17.33% and a return on equity of 34.63%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Analysts predict that Veralto Corporation will post 4.23 EPS for the current fiscal year.

Veralto Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Veralto’s payout ratio is presently 13.44%.

Veralto Company 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.