Veralto Corporation $VLTO Shares Sold by Violich Capital Management Inc.

Violich Capital Management Inc. reduced its stake in Veralto Corporation (NYSE:VLTO) by 16.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,812 shares of the company’s stock after selling 950 shares during the period. Violich Capital Management Inc.’s holdings in Veralto were worth $486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VLTO. Royal Bank of Canada raised its stake in Veralto by 13.1% during the 1st quarter. Royal Bank of Canada now owns 1,177,453 shares of the company’s stock valued at $114,741,000 after acquiring an additional 136,708 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Veralto by 1.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company’s stock valued at $856,000 after acquiring an additional 113 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Veralto by 9.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 26,833 shares of the company’s stock valued at $2,619,000 after acquiring an additional 2,313 shares in the last quarter. Alliancebernstein L.P. raised its stake in Veralto by 28.0% during the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock valued at $607,656,000 after acquiring an additional 1,363,502 shares in the last quarter. Finally, Defender Capital LLC. raised its stake in Veralto by 9.2% during the 2nd quarter. Defender Capital LLC. now owns 172,870 shares of the company’s stock valued at $17,451,000 after acquiring an additional 14,586 shares in the last quarter. 91.28% of the stock is owned by institutional investors.

Veralto Price Performance

Shares of NYSE:VLTO opened at $102.88 on Friday. Veralto Corporation has a one year low of $83.86 and a one year high of $115.00. The stock has a fifty day moving average of $106.06 and a 200-day moving average of $101.11. The company has a market capitalization of $25.53 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 3.39 and a beta of 0.90. 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 (NYSE:VLTO) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company 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 quarterly revenue 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. As a group, equities analysts anticipate that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

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

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the business’s stock in a transaction on 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 sale, the chief executive officer directly owned 106,219 shares of the company’s stock, valued at $11,286,830.94. The trade was a 9.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

VLTO has been the topic of several recent analyst reports. Stifel Nicolaus set a $120.00 target price on Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada upped their target price on Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 30th. Barclays cut their target price on Veralto from $120.00 to $119.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Robert W. Baird upped their target price on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Finally, Wolfe Research upgraded Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $113.43.

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.