Illinois Municipal Retirement Fund Reduces Stock Position in Veralto Corporation $VLTO

Illinois Municipal Retirement Fund reduced its holdings in shares of Veralto Corporation (NYSE:VLTO) by 9.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,321 shares of the company’s stock after selling 12,365 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Veralto were worth $10,108,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in VLTO. Laurel Wealth Advisors LLC bought a new stake in shares of Veralto in the fourth quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Veralto by 82.2% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock valued at $29,000 after acquiring an additional 129 shares during the last quarter. Board of the Pension Protection Fund bought a new position in Veralto during the 4th quarter valued at $30,000. Creative Capital Management Investments LLC grew its holdings in Veralto by 45.9% during the 4th quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock worth $34,000 after acquiring an additional 107 shares in the last quarter. Finally, DV Equities LLC acquired a new position in Veralto during the 4th quarter worth $35,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Trading Up 3.4%

Veralto stock opened at $94.07 on Friday. The firm’s 50-day moving average is $86.95 and its 200-day moving average is $91.35. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.48. Veralto Corporation has a 1 year low of $80.03 and a 1 year high of $110.11. The company has a market cap of $23.10 billion, a P/E ratio of 24.31, a PEG ratio of 2.56 and a beta of 0.63.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.40 billion. Veralto had a net margin of 17.33% and a return on equity of 34.63%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 EPS. 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 4.24 earnings per share for the current year.

Veralto Dividend Announcement

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

Analyst Ratings Changes

VLTO has been the topic of a number of recent analyst reports. Citigroup cut their target price on shares of Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Veralto in a research note on Wednesday, June 24th. Barclays lowered their price objective on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Robert W. Baird set a $103.00 target price on Veralto in a report on Thursday, April 30th. Finally, Royal Bank Of Canada lifted their target price on Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Five equities research 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, Veralto presently has a consensus rating of “Hold” and an average price target of $106.22.

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.