Veralto Corporation $VLTO Shares Sold by Segment Wealth Management LLC

Segment Wealth Management LLC decreased its holdings in shares of Veralto Corporation (NYSE:VLTO) by 8.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,907 shares of the company’s stock after selling 1,025 shares during the period. Segment Wealth Management LLC’s holdings in Veralto were worth $1,101,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its holdings in Veralto by 11.5% in the 1st quarter. Park Avenue Securities LLC now owns 19,213 shares of the company’s stock worth $1,872,000 after buying an additional 1,985 shares in the last quarter. Royal Bank of Canada lifted its holdings in Veralto by 13.1% in the 1st quarter. Royal Bank of Canada now owns 1,177,453 shares of the company’s stock worth $114,741,000 after buying an additional 136,708 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Veralto by 1.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company’s stock worth $856,000 after buying an additional 113 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Veralto by 9.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 26,833 shares of the company’s stock worth $2,619,000 after buying an additional 2,313 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Veralto by 3.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company’s stock worth $1,417,000 after buying an additional 429 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Price Performance

VLTO opened at $107.25 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $115.00. The company has a 50-day moving average of $106.65 and a 200-day moving average of $100.75. The company has a market capitalization of $26.61 billion, a P/E ratio of 29.96, a PEG ratio of 3.56 and a beta of 0.90.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Equities analysts expect that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Veralto’s dividend payout ratio is currently 12.29%.

Insider Buying and Selling at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the completion of the sale, the chief executive officer owned 106,219 shares of the company’s stock, valued at $11,286,830.94. This represents a 9.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Veralto in a report on Saturday, September 27th. Royal Bank Of Canada boosted their price objective on shares of Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. Robert W. Baird boosted their target price on shares of Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Raymond James Financial began coverage on shares of Veralto in a research report on Tuesday, August 26th. They issued a “market perform” rating for the company. Finally, Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.57.

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.