ABN Amro Investment Solutions Makes New Investment in Veralto Corporation $VLTO

ABN Amro Investment Solutions bought a new position in Veralto Corporation (NYSE:VLTO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,058 shares of the company’s stock, valued at approximately $1,419,000.

Other large investors also recently modified their holdings of the company. Harbor Asset Planning Inc. bought a new position in Veralto in the 2nd quarter worth approximately $26,000. Truvestments Capital LLC raised its position in shares of Veralto by 148.5% during the first quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock worth $32,000 after acquiring an additional 196 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Veralto during the second quarter valued at $51,000. Marshall & Sullivan Inc. WA bought a new position in Veralto in the second quarter valued at about $74,000. Finally, IFP Advisors Inc increased its position in Veralto by 70.8% in 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 period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Robert W. Baird upped their target price on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Barclays increased their price objective on shares of Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a “buy” rating in a report on Wednesday, July 30th. UBS Group increased their price target on Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Finally, Citigroup decreased their price objective on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research note 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 data from MarketBeat.com, Veralto currently has an average rating of “Moderate Buy” and a consensus target price of $115.25.

Veralto Stock Performance

Shares of Veralto stock opened at $98.84 on Friday. The stock’s fifty day simple moving average is $103.44 and its 200 day simple moving average is $102.64. 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 company has a market capitalization of $24.54 billion, a PE ratio of 27.08, a PEG ratio of 3.08 and a beta of 0.89. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $110.11.

Veralto (NYSE:VLTO) last released 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 for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm posted $0.89 earnings per share. Veralto’s 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. On average, research analysts predict that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued 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 is 12.05%.

Insider Activity

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction 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 sale, the chief executive officer directly owned 106,219 shares in the company, valued at $11,286,830.94. This trade represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.36% of the stock is owned by corporate 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.