Associated Banc Corp Reduces Position in Veralto Corporation $VLTO

Associated Banc Corp lowered its position in Veralto Corporation (NYSE:VLTO) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,615 shares of the company’s stock after selling 1,025 shares during the quarter. Associated Banc Corp’s holdings in Veralto were worth $1,980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in Veralto by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 30,206,111 shares of the company’s stock worth $3,049,307,000 after purchasing an additional 468,641 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Veralto by 8.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock valued at $1,027,264,000 after buying an additional 811,843 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Veralto by 28.0% during the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock worth $607,656,000 after buying an additional 1,363,502 shares during the period. Invesco Ltd. boosted its stake in shares of Veralto by 6.9% during the first quarter. Invesco Ltd. now owns 4,856,071 shares of the company’s stock worth $473,224,000 after buying an additional 314,704 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Veralto by 26.8% during the first quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock worth $314,137,000 after buying an additional 682,123 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Stock Performance

VLTO opened at $103.99 on Wednesday. The stock has a market cap of $25.82 billion, a P/E ratio of 28.49, a P/E/G ratio of 3.06 and a beta of 0.89. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $110.11. The stock’s 50 day simple moving average is $102.28 and its 200 day simple moving average is $102.90. 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 earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. The firm 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 revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last 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. As a group, equities analysts anticipate that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.11 per share. 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 presently 12.05%.

Wall Street Analyst Weigh In

Several analysts have commented on VLTO shares. UBS Group upped their price objective on Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Wolfe Research upgraded Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. BMO Capital Markets dropped their price objective on shares of Veralto from $123.00 to $114.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Veralto presently has a consensus rating of “Moderate Buy” and an average target price of $115.11.

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the business’s 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 of the company’s stock, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.