Legal & General Group Plc Boosts Stake in Veralto Corporation $VLTO

Legal & General Group Plc lifted its holdings in Veralto Corporation (NYSE:VLTO) by 2.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,458,532 shares of the company’s stock after acquiring an additional 36,458 shares during the period. Legal & General Group Plc’s holdings in Veralto were worth $145,532,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Veralto by 2.8% in the third quarter. Vanguard Group Inc. now owns 31,058,387 shares of the company’s stock worth $3,311,135,000 after purchasing an additional 852,276 shares during the last quarter. State Street Corp raised its stake in shares of Veralto by 1.9% in the third quarter. State Street Corp now owns 10,449,828 shares of the company’s stock worth $1,115,182,000 after purchasing an additional 191,872 shares during the last quarter. Impax Asset Management Group plc raised its stake in shares of Veralto by 3.9% in the third quarter. Impax Asset Management Group plc now owns 3,839,722 shares of the company’s stock worth $408,503,000 after purchasing an additional 144,044 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Veralto by 24.3% in the third quarter. First Trust Advisors LP now owns 3,508,512 shares of the company’s stock worth $374,042,000 after purchasing an additional 685,614 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Veralto by 12.8% during the third quarter. Victory Capital Management Inc. now owns 2,194,081 shares of the company’s stock valued at $237,738,000 after acquiring an additional 248,718 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Stock Performance

Shares of VLTO opened at $83.52 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The business has a 50-day simple moving average of $87.91 and a two-hundred day simple moving average of $94.48. The stock has a market cap of $20.51 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 2.38 and a beta of 0.77. Veralto Corporation has a 52 week low of $80.03 and a 52 week high of $110.11.

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

Veralto Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently commented on the company. Jefferies Financial Group assumed coverage on Veralto in a research report on Tuesday, March 31st. They set a “buy” rating and a $110.00 price objective for the company. Stifel Nicolaus reduced their price objective on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. BMO Capital Markets reiterated an “outperform” rating on shares of Veralto in a research note on Wednesday, February 11th. Barclays lowered their price objective on shares of Veralto from $117.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $103.00 price objective on shares of Veralto in a research note 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.