Czech National Bank Boosts Holdings in Veralto Corporation $VLTO

Czech National Bank grew its holdings in shares of Veralto Corporation (NYSE:VLTO) by 6.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,586 shares of the company’s stock after acquiring an additional 3,784 shares during the quarter. Czech National Bank’s holdings in Veralto were worth $6,116,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in VLTO. Bernard Wealth Management Corp. purchased a new position in shares of Veralto during the fourth quarter worth approximately $30,000. Truvestments Capital LLC grew its holdings in shares of Veralto by 148.5% in the first quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock worth $32,000 after purchasing an additional 196 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Veralto in the first quarter worth approximately $45,000. Grove Bank & Trust grew its holdings in shares of Veralto by 198.2% in the first quarter. Grove Bank & Trust now owns 510 shares of the company’s stock worth $50,000 after purchasing an additional 339 shares during the last quarter. Finally, Global Financial Private Client LLC grew its holdings in shares of Veralto by 95.1% in the first quarter. Global Financial Private Client LLC now owns 593 shares of the company’s stock worth $58,000 after purchasing an additional 289 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on VLTO shares. Royal Bank Of Canada raised their target price on shares of Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a “buy” rating in a report on Wednesday, July 30th. Robert W. Baird raised their target price on shares of Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Wolfe Research upgraded shares of Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Finally, Raymond James Financial started coverage on shares of Veralto in a report on Tuesday, August 26th. They issued a “market perform” rating on the stock. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.43.

Veralto Trading Up 0.4%

Veralto stock opened at $107.18 on Friday. The business has a 50-day simple moving average of $105.87 and a two-hundred day simple moving average of $100.15. The company has a market cap of $26.60 billion, a P/E ratio of 29.94, a P/E/G ratio of 3.54 and a beta of 0.91. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $115.00. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Analysts predict that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.11 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. Veralto’s payout ratio is 12.29%.

Insider Activity

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the completion of the transaction, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.36% of the company’s stock.

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.