Banco Bilbao Vizcaya Argentaria S.A. Has $3.36 Million Stock Position in Veralto Corporation $VLTO

Banco Bilbao Vizcaya Argentaria S.A. lowered its position in Veralto Corporation (NYSE:VLTO) by 15.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,314 shares of the company’s stock after selling 6,007 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Veralto were worth $3,360,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada raised its position in shares of Veralto by 13.1% during the first quarter. Royal Bank of Canada now owns 1,177,453 shares of the company’s stock worth $114,741,000 after acquiring an additional 136,708 shares during the last quarter. Alliancebernstein L.P. lifted its position in Veralto by 28.0% during the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock valued at $607,656,000 after purchasing an additional 1,363,502 shares during the period. Defender Capital LLC. boosted its stake in shares of Veralto by 9.2% in the 2nd quarter. Defender Capital LLC. now owns 172,870 shares of the company’s stock valued at $17,451,000 after purchasing an additional 14,586 shares during the last quarter. Foresight Group Ltd Liability Partnership acquired a new stake in shares of Veralto during the 1st quarter worth approximately $14,162,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Veralto by 162.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,064,810 shares of the company’s stock worth $107,493,000 after buying an additional 658,529 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 106,219 shares in the company, valued at $11,286,830.94. This represents a 9.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.36% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wolfe Research raised shares of Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Royal Bank Of Canada upped their price objective on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Robert W. Baird raised their target price on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. UBS Group boosted their target price on Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Finally, Citigroup cut their price target on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Veralto currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.25.

Veralto Stock Performance

VLTO opened at $98.84 on Monday. The company has a market capitalization of $24.54 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 3.08 and a beta of 0.89. The business’s 50-day moving average price is $103.44 and its two-hundred day moving average price is $102.75. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $110.11. 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 (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share (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 business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the company earned $0.89 earnings per share. Veralto’s quarterly 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. Equities analysts expect that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were paid a $0.11 dividend. 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%.

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.