Veralto Corporation $VLTO Holdings Reduced by Spire Wealth Management

Spire Wealth Management decreased its position in Veralto Corporation (NYSE:VLTO) by 76.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 733 shares of the company’s stock after selling 2,439 shares during the period. Spire Wealth Management’s holdings in Veralto were worth $74,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of VLTO. Arkadios Wealth Advisors acquired a new stake in shares of Veralto in the 2nd quarter worth approximately $293,000. World Investment Advisors lifted its stake in shares of Veralto by 30.5% in the 2nd quarter. World Investment Advisors now owns 3,812 shares of the company’s stock worth $385,000 after acquiring an additional 891 shares during the period. ELCO Management Co. LLC lifted its stake in shares of Veralto by 89.4% in the 2nd quarter. ELCO Management Co. LLC now owns 5,619 shares of the company’s stock worth $567,000 after acquiring an additional 2,652 shares during the period. Mendel Money Management lifted its stake in shares of Veralto by 20.9% in the 2nd quarter. Mendel Money Management now owns 2,791 shares of the company’s stock worth $282,000 after acquiring an additional 482 shares during the period. Finally, Redmond Asset Management LLC lifted its stake in shares of Veralto by 0.8% in the 2nd quarter. Redmond Asset Management LLC now owns 18,543 shares of the company’s stock worth $1,872,000 after acquiring an additional 154 shares during the period. Institutional investors own 91.28% of the company’s stock.

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

Veralto Trading Up 0.3%

Veralto stock opened at $99.91 on Thursday. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $110.11. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.57. The firm 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. The company has a 50 day moving average price of $104.49 and a 200 day moving average price of $102.34.

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

Veralto Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on VLTO shares. Barclays upped their price target on shares of Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Citigroup reduced their price target on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Robert W. Baird upped their price target on shares of Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada upped their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Finally, UBS Group upped their price target on shares of Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $115.25.

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.