Acadian Asset Management LLC Has $84.89 Million Stake in Veralto Corporation $VLTO

Acadian Asset Management LLC grew its stake in Veralto Corporation (NYSE:VLTO) by 17.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 841,064 shares of the company’s stock after purchasing an additional 121,905 shares during the quarter. Acadian Asset Management LLC owned about 0.34% of Veralto worth $84,890,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of VLTO. Harbor Asset Planning Inc. bought a new stake in shares of Veralto in the 2nd quarter valued at $26,000. Truvestments Capital LLC raised 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 valued at $32,000 after purchasing an additional 196 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Veralto during the second quarter worth $51,000. Marshall & Sullivan Inc. WA acquired a new stake in Veralto in the 2nd quarter valued at $74,000. Finally, IFP Advisors Inc raised its holdings 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 acquiring an additional 311 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VLTO. Wolfe Research upgraded shares of Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price target on Veralto and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada lifted their price target on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Barclays increased their target price on shares of Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Finally, Raymond James Financial assumed coverage on shares of Veralto in a research note on Tuesday, August 26th. They issued a “market perform” rating for the company. 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $115.25.

Veralto Trading Up 0.1%

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

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the business earned $0.89 earnings per share. Veralto’s revenue for the quarter was up 6.8% on a year-over-year basis. 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 anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

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

Insider Buying and Selling

In other 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.36% of the stock is currently owned by insiders.

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.