Meixler Investment Management Ltd. Purchases New Position in Veralto Corporation $VLTO

Meixler Investment Management Ltd. acquired a new position in shares of Veralto Corporation (NYSE:VLTO) during the second quarter, HoldingsChannel.com reports. The fund acquired 2,817 shares of the company’s stock, valued at approximately $284,000.

Several other hedge funds have also modified their holdings of the stock. Atria Investments Inc grew its position in Veralto by 77.9% in the second quarter. Atria Investments Inc now owns 15,880 shares of the company’s stock valued at $1,603,000 after acquiring an additional 6,954 shares in the last quarter. Assetmark Inc. grew its holdings in Veralto by 5.0% during the 2nd quarter. Assetmark Inc. now owns 23,319 shares of the company’s stock valued at $2,354,000 after purchasing an additional 1,116 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in Veralto during the 2nd quarter worth $293,000. World Investment Advisors boosted its position in Veralto by 30.5% in the 2nd quarter. World Investment Advisors now owns 3,812 shares of the company’s stock valued at $385,000 after buying an additional 891 shares during the last quarter. Finally, ELCO Management Co. LLC grew its stake in shares of Veralto by 89.4% during the second quarter. ELCO Management Co. LLC now owns 5,619 shares of the company’s stock valued at $567,000 after acquiring an additional 2,652 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VLTO. Robert W. Baird increased their price target on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Wolfe Research raised shares of Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Citigroup cut their target price on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a research note on Thursday. Royal Bank Of Canada lifted their price target on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Barclays boosted their price objective on Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.71.

Insider Transactions at Veralto

In other 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 completion of the transaction, the chief executive officer owned 106,219 shares of the company’s stock, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.36% of the company’s stock.

Veralto Price Performance

Shares of NYSE:VLTO opened at $98.75 on Friday. The company has a market cap of $24.52 billion, a PE ratio of 27.05, a P/E/G ratio of 3.23 and a beta of 0.90. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $110.11. The firm has a 50-day simple moving average of $104.96 and a 200 day simple moving average of $102.13. The company has a quick ratio of 2.06, a current ratio of 1.57 and a debt-to-equity ratio of 0.69.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 earnings per share. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. On average, sell-side analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were given a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.44 annualized dividend and a yield of 0.4%. Veralto’s dividend payout ratio (DPR) is currently 12.05%.

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.