Avalon Trust Co Buys 5,033 Shares of Veralto Corporation $VLTO

Avalon Trust Co lifted its stake in shares of Veralto Corporation (NYSE:VLTO) by 3.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 136,876 shares of the company’s stock after purchasing an additional 5,033 shares during the quarter. Avalon Trust Co owned 0.06% of Veralto worth $13,818,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of VLTO. ABN Amro Investment Solutions bought a new position in shares of Veralto in the second quarter worth about $1,419,000. Police & Firemen s Retirement System of New Jersey lifted its position in shares of Veralto by 1.0% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 36,196 shares of the company’s stock worth $3,654,000 after purchasing an additional 368 shares during the period. Bailard Inc. grew its holdings in Veralto by 4.9% during the 2nd quarter. Bailard Inc. now owns 3,655 shares of the company’s stock worth $369,000 after acquiring an additional 171 shares during the period. M&G PLC lifted its stake in Veralto by 29.9% in the second quarter. M&G PLC now owns 3,797 shares of the company’s stock valued at $383,000 after buying an additional 873 shares during the period. Finally, Forsta AP Fonden grew its holdings in Veralto by 14.1% in the second quarter. Forsta AP Fonden now owns 69,608 shares of the company’s stock worth $7,027,000 after purchasing an additional 8,600 shares during the period. Institutional investors own 91.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on VLTO. 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 research note on Wednesday, November 5th. Citigroup decreased their price objective on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Barclays increased their price target on Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Finally, Robert W. Baird upped their target price on shares of Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Veralto currently has an average rating of “Moderate Buy” and a consensus target price of $115.25.

Veralto Stock Performance

Shares of NYSE:VLTO opened at $97.79 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.69. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $110.11. The company has a market cap of $24.28 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 3.06 and a beta of 0.89. The company has a 50-day moving average price of $103.73 and a 200-day moving average price of $102.62.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The firm’s revenue 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. As a group, equities analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, September 30th. Veralto’s dividend payout ratio (DPR) is presently 12.05%.

Insider Buying and Selling at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is owned by insiders.

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.