Global Retirement Partners LLC Buys Shares of 4,343 Veralto Corporation $VLTO

Global Retirement Partners LLC bought a new stake in Veralto Corporation (NYSE:VLTO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,343 shares of the company’s stock, valued at approximately $438,000.

Other hedge funds have also recently modified their holdings of the company. Nuveen LLC acquired a new position in Veralto in the 1st quarter valued at $172,399,000. Alliancebernstein L.P. boosted its holdings in shares of Veralto by 28.0% in the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock valued at $607,656,000 after acquiring an additional 1,363,502 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted 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 acquiring an additional 811,843 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in shares of Veralto during the second quarter worth about $69,839,000. Finally, JPMorgan Chase & Co. raised its holdings in 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 purchasing an additional 682,123 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Veralto Stock Performance

NYSE VLTO opened at $101.22 on Friday. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $110.11. The stock has a market cap of $25.13 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 3.16 and a beta of 0.89. The business has a fifty day moving average of $101.93 and a 200-day moving average of $102.90. The company has a quick ratio of 1.40, a current ratio of 1.57 and a debt-to-equity ratio of 0.69.

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

Veralto Announces Dividend

The company also recently declared 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. The ex-dividend date was Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. Veralto’s payout ratio is 12.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on VLTO shares. Royal Bank Of Canada lifted 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. Raymond James Financial initiated coverage on Veralto in a research note on Tuesday, August 26th. They issued a “market perform” rating on the stock. Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Citigroup cut their price objective on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Finally, Barclays boosted their target price on shares of Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $115.11.

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.