Arkadios Wealth Advisors Acquires Shares of 2,906 Veralto Corporation $VLTO

Arkadios Wealth Advisors bought a new stake in shares of Veralto Corporation (NYSE:VLTO) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,906 shares of the company’s stock, valued at approximately $293,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Asset Planning Inc. bought a new position in Veralto during the second quarter worth $26,000. Truvestments Capital LLC lifted its stake in Veralto by 148.5% during 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. Ameritas Advisory Services LLC bought a new position in Veralto during the second quarter worth $51,000. Marshall & Sullivan Inc. WA bought a new position in Veralto during the second quarter worth $74,000. Finally, IFP Advisors Inc lifted its stake in Veralto by 70.8% during the second quarter. IFP Advisors Inc now owns 750 shares of the company’s stock worth $76,000 after purchasing an additional 311 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction 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 $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VLTO shares. UBS Group boosted their price target on shares of Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday. Royal Bank Of Canada boosted their price target on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Wolfe Research raised shares of Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Barclays lifted their price objective on shares of Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Finally, Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Veralto presently has a consensus rating of “Moderate Buy” and an average target price of $115.25.

Veralto Price Performance

Shares of VLTO opened at $99.91 on Thursday. The company has a market capitalization of $24.81 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 3.11 and a beta of 0.89. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $110.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.57 and a quick ratio of 1.40. The business’s 50-day moving average is $104.49 and its 200-day moving average is $102.34.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.89 EPS. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. Equities research analysts expect that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Tuesday, September 30th. Veralto’s dividend payout ratio is presently 12.05%.

Veralto Company 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.