Lombard Odier Asset Management Europe Ltd Sells 18,918,862 Shares of Veralto Corporation $VLTO

Lombard Odier Asset Management Europe Ltd cut its holdings in shares of Veralto Corporation (NYSE:VLTO) by 99.2% during the fourth quarter, Holdings Channel reports. The fund owned 147,769 shares of the company’s stock after selling 18,918,862 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Veralto were worth $14,744,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLTO. Laurel Wealth Advisors LLC bought a new position in shares of Veralto in the fourth quarter worth about $25,000. Goodman Advisory Group LLC bought a new position in shares of Veralto in the third quarter worth about $29,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Veralto by 82.2% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock valued at $29,000 after purchasing an additional 129 shares in the last quarter. Board of the Pension Protection Fund acquired a new stake in shares of Veralto in the fourth quarter valued at approximately $30,000. Finally, Creative Capital Management Investments LLC increased its holdings in shares of Veralto by 45.9% in the fourth quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock valued at $34,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VLTO. UBS Group raised their price target on shares of Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Stifel Nicolaus lowered their price target on shares of Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Citigroup lowered their price target on shares of Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Jefferies Financial Group began coverage on shares of Veralto in a report on Tuesday, March 31st. They issued a “buy” rating and a $110.00 price target for the company. Finally, Barclays lowered their price target on shares of Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $105.88.

Veralto Price Performance

Shares of VLTO stock opened at $84.11 on Wednesday. Veralto Corporation has a 52-week low of $80.03 and a 52-week high of $110.11. The stock has a market cap of $20.66 billion, a PE ratio of 21.73, a PEG ratio of 2.33 and a beta of 0.70. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.48. The firm’s 50 day moving average price is $86.91 and its two-hundred day moving average price is $93.11.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. Veralto had a net margin of 17.33% and a return on equity of 34.63%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm earned $0.95 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. As a group, analysts forecast that Veralto Corporation will post 4.23 EPS for the current year.

Veralto Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend 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 (DPR) is presently 13.44%.

About Veralto

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.