Assetmark Inc. Raises Stock Position in Veralto Corporation $VLTO

Assetmark Inc. boosted its position in shares of Veralto Corporation (NYSE:VLTO) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,319 shares of the company’s stock after acquiring an additional 1,116 shares during the period. Assetmark Inc.’s holdings in Veralto were worth $2,354,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Harbor Asset Planning Inc. purchased a new position in Veralto during the second quarter valued at approximately $26,000. Truvestments Capital LLC grew its stake in Veralto by 148.5% during the first quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock valued at $32,000 after acquiring an additional 196 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Veralto during the second quarter valued at approximately $51,000. Marshall & Sullivan Inc. WA purchased a new position in Veralto during the second quarter valued at approximately $74,000. Finally, IFP Advisors Inc grew its stake in Veralto by 70.8% during the second quarter. IFP Advisors Inc now owns 750 shares of the company’s stock valued at $76,000 after acquiring an additional 311 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the company’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 sale, the chief executive officer directly owned 106,219 shares in the company, valued at $11,286,830.94. This represents a 9.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.36% of the stock is owned by corporate insiders.

Veralto Trading Up 0.7%

Shares of VLTO opened at $99.66 on Wednesday. The firm has a market cap of $24.74 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 3.09 and a beta of 0.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.57. 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 moving average price of $104.64 and a 200-day moving average price of $102.35.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business posted $0.89 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. As a group, equities research analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Tuesday, September 30th. Veralto’s dividend payout ratio is currently 12.05%.

Analyst Ratings Changes

VLTO has been the subject of several recent analyst reports. Barclays boosted their price objective on shares of Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Robert W. Baird lifted their target price on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Wolfe Research upgraded shares of Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Citigroup dropped their target price on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Finally, Raymond James Financial began coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a “market perform” rating for the company. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

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.