Veralto Corporation $VLTO Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in shares of Veralto Corporation (NYSE:VLTO) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,294 shares of the company’s stock after acquiring an additional 1,642 shares during the period. Janney Montgomery Scott LLC’s holdings in Veralto were worth $5,279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. V Square Quantitative Management LLC grew its position in Veralto by 14.0% during the 2nd quarter. V Square Quantitative Management LLC now owns 7,513 shares of the company’s stock worth $758,000 after purchasing an additional 920 shares during the last quarter. City Holding Co. boosted its stake in shares of Veralto by 5.0% during the second quarter. City Holding Co. now owns 21,230 shares of the company’s stock worth $2,143,000 after buying an additional 1,014 shares during the period. Spirepoint Private Client LLC grew its holdings in shares of Veralto by 2.1% during the second quarter. Spirepoint Private Client LLC now owns 36,253 shares of the company’s stock worth $3,660,000 after buying an additional 738 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Veralto by 16.0% during the second quarter. Signaturefd LLC now owns 2,211 shares of the company’s stock worth $223,000 after buying an additional 305 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN increased its position in Veralto by 0.7% in the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 80,056 shares of the company’s stock valued at $8,090,000 after acquiring an additional 535 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction dated 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 sale, the chief executive officer owned 106,219 shares in the company, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Royal Bank Of Canada increased their price objective on Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 30th. Raymond James Financial assumed coverage on Veralto in a research note on Tuesday, August 26th. They set a “market perform” rating for the company. Barclays decreased their price target on Veralto from $120.00 to $119.00 and set an “overweight” rating for the company in a report on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of Veralto in a research note on Saturday, September 27th. Finally, Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $113.43.

Veralto Stock Down 1.0%

Shares of NYSE VLTO opened at $106.10 on Tuesday. The firm’s 50-day moving average is $106.71 and its two-hundred day moving average is $100.83. The company has a market capitalization of $26.33 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 3.56 and a beta of 0.90. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $115.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06.

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

Veralto Announces Dividend

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

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.