Impax Asset Management Group plc Has $408.50 Million Stock Position in Veralto Corporation $VLTO

Impax Asset Management Group plc grew its holdings in Veralto Corporation (NYSE:VLTO) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,839,722 shares of the company’s stock after buying an additional 144,044 shares during the quarter. Veralto makes up about 2.4% of Impax Asset Management Group plc’s investment portfolio, making the stock its 5th largest holding. Impax Asset Management Group plc owned approximately 1.55% of Veralto worth $408,503,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Veralto during the second quarter valued at approximately $264,150,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Veralto by 6,015.1% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,347,647 shares of the company’s stock valued at $136,045,000 after purchasing an additional 1,325,609 shares during the period. AQR Capital Management LLC raised its holdings in Veralto by 154.7% in the 2nd quarter. AQR Capital Management LLC now owns 1,159,433 shares of the company’s stock worth $117,045,000 after purchasing an additional 704,213 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in Veralto in the 2nd quarter worth $69,839,000. Finally, Hsbc Holdings PLC lifted its position in shares of Veralto by 46.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,702,096 shares of the company’s stock worth $171,800,000 after purchasing an additional 536,299 shares during the period. 91.28% of the stock is currently owned by institutional investors.

Insider Transactions at Veralto

In other Veralto news, SVP Mattias Bystrom sold 1,000 shares of Veralto stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $101.73, for a total value of $101,730.00. Following the completion of the transaction, the senior vice president directly owned 31,430 shares of the company’s stock, valued at approximately $3,197,373.90. The trade was a 3.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on VLTO shares. Stifel Nicolaus set a $118.00 price target on shares of Veralto in a research report on Thursday, February 5th. Citigroup reduced their target price on Veralto from $111.00 to $104.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Weiss Ratings lowered Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, December 31st. BMO Capital Markets dropped their price target on Veralto from $123.00 to $114.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 25th. Finally, Royal Bank Of Canada reduced their price target on Veralto from $111.00 to $102.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $108.89.

Veralto Stock Up 0.1%

VLTO stock opened at $92.74 on Wednesday. The business has a 50 day moving average of $99.85 and a 200 day moving average of $102.59. The firm has a market cap of $23.03 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 2.65 and a beta of 0.89. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $110.11. The company has a quick ratio of 1.52, a current ratio of 1.67 and a debt-to-equity ratio of 0.64.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, February 3rd. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. Veralto had a return on equity of 35.77% and a net margin of 17.08%.The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.100-4.200 EPS and its Q1 2026 guidance at 0.970-1.010 EPS. On average, research analysts forecast that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.52 dividend on an annualized basis and a yield of 0.6%. This is an increase from Veralto’s previous quarterly dividend of $0.11. Veralto’s dividend payout ratio (DPR) is 13.87%.

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.