Thrivent Financial for Lutherans Raises Holdings in Veralto Corporation $VLTO

Thrivent Financial for Lutherans grew its holdings in shares of Veralto Corporation (NYSE:VLTO) by 163.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 130,716 shares of the company’s stock after buying an additional 81,036 shares during the period. Thrivent Financial for Lutherans’ holdings in Veralto were worth $13,043,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in Veralto by 16.1% during the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after acquiring an additional 479 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Veralto by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,947 shares of the company’s stock worth $2,529,000 after purchasing an additional 1,306 shares in the last quarter. Empowered Funds LLC boosted its holdings in Veralto by 20.4% in the 1st quarter. Empowered Funds LLC now owns 4,551 shares of the company’s stock valued at $443,000 after purchasing an additional 770 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Veralto by 102.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 832 shares of the company’s stock valued at $81,000 after purchasing an additional 421 shares during the period. Finally, Sivia Capital Partners LLC purchased a new position in shares of Veralto during the 2nd quarter valued at $201,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Stock Up 2.2%

VLTO opened at $86.68 on Tuesday. Veralto Corporation has a 12 month low of $84.45 and a 12 month 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 business’s 50-day moving average price is $88.85 and its 200-day moving average price is $95.24. The company has a market cap of $21.29 billion, a P/E ratio of 22.40, a P/E/G ratio of 2.39 and a beta of 0.77.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a net margin of 17.33% and a return on equity of 34.63%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm 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. On average, equities analysts expect that Veralto Corporation will post 4.23 EPS for the current year.

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.52 annualized dividend and a yield of 0.6%. Veralto’s dividend payout ratio (DPR) is 13.44%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays reduced their target price on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Royal Bank Of Canada lifted their price target on Veralto from $99.00 to $100.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Robert W. Baird set a $103.00 price objective on shares of Veralto in a research report on Thursday, April 30th. Stifel Nicolaus lowered their target price on shares of Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, UBS Group lifted their target price on shares of Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Veralto presently has an average rating of “Hold” and an average target price of $105.88.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.