The Manufacturers Life Insurance Company Has $11.56 Million Stock Position in Veralto Corporation $VLTO

The Manufacturers Life Insurance Company lowered its stake in shares of Veralto Corporation (NYSE:VLTO) by 19.4% during the first quarter, HoldingsChannel reports. The firm owned 130,713 shares of the company’s stock after selling 31,411 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Veralto were worth $11,558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VLTO. Norges Bank acquired a new position in Veralto during the fourth quarter worth $261,340,000. First Trust Advisors LP lifted its stake in Veralto by 31.5% in the first quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock valued at $543,817,000 after acquiring an additional 1,472,304 shares during the last quarter. FIL Ltd grew its position in shares of Veralto by 263.8% in the 4th quarter. FIL Ltd now owns 1,798,310 shares of the company’s stock valued at $179,435,000 after acquiring an additional 1,303,940 shares during the period. AQR Capital Management LLC increased its stake in shares of Veralto by 86.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,157,211 shares of the company’s stock worth $226,615,000 after purchasing an additional 997,778 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Veralto by 115.2% in the 1st quarter. SG Americas Securities LLC now owns 1,681,786 shares of the company’s stock valued at $148,704,000 after purchasing an additional 900,135 shares during the period. 91.28% of the stock is owned by institutional investors.

Insider Transactions at Veralto

In related news, CEO Jennifer Honeycutt sold 7,097 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total value of $720,487.44. Following the completion of the sale, the chief executive officer directly owned 124,085 shares in the company, valued at $12,597,109.20. The trade was a 5.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by company insiders.

Veralto Stock Up 0.7%

Shares of VLTO opened at $94.81 on Tuesday. The firm has a market cap of $23.11 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 2.55 and a beta of 0.60. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.61 and a current ratio of 1.78. Veralto Corporation has a 52 week low of $80.03 and a 52 week high of $110.11. The firm’s 50-day simple moving average is $88.78 and its 200 day simple moving average is $90.78.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.10. Veralto had a net margin of 17.35% and a return on equity of 34.76%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the business posted $0.93 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. On average, analysts forecast that Veralto Corporation will post 4.41 earnings per share for the current year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Veralto’s dividend payout ratio (DPR) is presently 13.13%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. UBS Group raised their target price on shares of Veralto from $98.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday. Royal Bank Of Canada raised their price objective on Veralto from $100.00 to $109.00 and gave the company a “sector perform” rating in a research report on Thursday. Stifel Nicolaus lifted their target price on Veralto from $111.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup boosted their target price on Veralto from $102.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Finally, BNP Paribas Exane reaffirmed an “outperform” rating and set a $120.00 price target (up from $115.00) on shares of Veralto in a report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.90.

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.