JPMorgan Chase & Co. Sells 54,227 Shares of Veralto Corporation $VLTO

JPMorgan Chase & Co. cut its stake in shares of Veralto Corporation (NYSE:VLTO) by 1.7% in the third quarter, Holdings Channel reports. The firm owned 3,112,217 shares of the company’s stock after selling 54,227 shares during the quarter. JPMorgan Chase & Co.’s holdings in Veralto were worth $331,799,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in VLTO. Compass Wealth Management LLC bought a new position in shares of Veralto during the 3rd quarter worth approximately $6,708,000. Capital Advisors Inc. OK boosted its holdings in Veralto by 6.3% during the third quarter. Capital Advisors Inc. OK now owns 380,910 shares of the company’s stock worth $40,609,000 after purchasing an additional 22,464 shares during the last quarter. Spire Wealth Management grew its position in Veralto by 1,579.5% in the third quarter. Spire Wealth Management now owns 12,311 shares of the company’s stock valued at $1,312,000 after purchasing an additional 11,578 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in Veralto in the 3rd quarter valued at $1,919,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in Veralto by 8.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,159,417 shares of the company’s stock valued at $123,605,000 after buying an additional 94,607 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VLTO shares. BMO Capital Markets restated an “outperform” rating on shares of Veralto in a report on Wednesday, February 11th. Weiss Ratings downgraded Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, December 31st. Royal Bank Of Canada lowered their price target on Veralto from $111.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 5th. Stifel Nicolaus set a $118.00 price objective on Veralto in a report on Thursday, February 5th. Finally, Barclays reissued an “overweight” rating and issued a $117.00 target price on shares of Veralto in a research note on Thursday, February 5th. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $108.22.

Insider Buying and Selling at Veralto

In other news, SVP Mattias Bystrom sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $101.73, for a total transaction of $101,730.00. Following the completion of the sale, the senior vice president owned 31,430 shares of the company’s stock, valued at approximately $3,197,373.90. This represents a 3.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.36% of the company’s stock.

Veralto Price Performance

NYSE:VLTO opened at $94.01 on Friday. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $110.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.52 and a current ratio of 1.67. The firm’s 50-day simple moving average is $98.87 and its 200 day simple moving average is $102.06. The firm has a market cap of $23.34 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 2.69 and a beta of 0.89.

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

Veralto Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Wednesday, December 31st. This is a boost from Veralto’s previous quarterly dividend of $0.11. Veralto’s dividend payout ratio is presently 13.87%.

Veralto Company 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.