1ST Source Bank Has $275,000 Stake in Veralto Corporation $VLTO

1ST Source Bank cut its holdings in Veralto Corporation (NYSE:VLTO) by 26.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,726 shares of the company’s stock after selling 971 shares during the quarter. 1ST Source Bank’s holdings in Veralto were worth $275,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Rathbones Group PLC increased its holdings in Veralto by 3.5% during the 2nd quarter. Rathbones Group PLC now owns 30,175 shares of the company’s stock worth $3,046,000 after purchasing an additional 1,031 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Veralto by 56.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,754 shares of the company’s stock valued at $581,000 after purchasing an additional 2,069 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Veralto by 7.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 475,434 shares of the company’s stock worth $47,995,000 after buying an additional 31,312 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of Veralto by 0.6% during the second quarter. Los Angeles Capital Management LLC now owns 37,906 shares of the company’s stock worth $3,827,000 after buying an additional 223 shares in the last quarter. Finally, AGF Management Ltd. acquired a new stake in Veralto in the 2nd quarter valued at approximately $3,024,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VLTO has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their price objective 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. Citigroup decreased their target price on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Wolfe Research raised shares of Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, Barclays lifted their target price on Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Veralto has an average rating of “Moderate Buy” and a consensus target price of $115.25.

Veralto Trading Up 0.1%

Shares of VLTO stock opened at $98.58 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.69. The stock has a market cap of $24.48 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 3.08 and a beta of 0.89. The stock has a 50 day simple moving average of $104.18 and a 200 day simple moving average of $102.57. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $110.11.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm 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. On average, research analysts predict that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

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

Insider Transactions at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s 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 of the company’s stock, valued at $11,286,830.94. This trade represents a 9.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.36% of the company’s stock.

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.