Veralto Corporation $VLTO Shares Sold by Railway Pension Investments Ltd

Railway Pension Investments Ltd lessened its stake in Veralto Corporation (NYSE:VLTO) by 69.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 111,000 shares of the company’s stock after selling 252,299 shares during the quarter. Railway Pension Investments Ltd’s holdings in Veralto were worth $11,834,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Veralto during the second quarter worth about $264,150,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Veralto by 6,015.1% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,347,647 shares of the company’s stock worth $136,045,000 after buying an additional 1,325,609 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Veralto by 154.7% during the second quarter. AQR Capital Management LLC now owns 1,159,433 shares of the company’s stock valued at $117,045,000 after acquiring an additional 704,213 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of Veralto in the second quarter valued at approximately $69,839,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Veralto by 162.1% in 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 acquiring an additional 658,529 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Veralto

In related news, SVP Mattias Bystrom sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $101.73, for a total transaction of $101,730.00. Following the sale, the senior vice president directly owned 31,430 shares in the company, valued at approximately $3,197,373.90. This represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Veralto Price Performance

Veralto stock opened at $98.49 on Monday. 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 50-day moving average price of $100.09 and a 200 day moving average price of $103.05. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $110.11. The stock has a market cap of $24.46 billion, a P/E ratio of 26.98, a PEG ratio of 2.81 and a beta of 0.88.

Veralto (NYSE:VLTO) last posted its quarterly 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 business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 EPS. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS and its Q4 2025 guidance at 0.950-0.980 EPS. Sell-side analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, December 31st. This is a boost from Veralto’s previous quarterly dividend of $0.11. Veralto’s dividend payout ratio (DPR) is 14.25%.

Wall Street Analyst Weigh In

Several research firms recently commented on VLTO. Barclays increased their price objective on Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Weiss Ratings cut shares of Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Royal Bank Of Canada raised their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Citigroup dropped their price objective on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Finally, BMO Capital Markets decreased their target price on shares of Veralto from $123.00 to $114.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 25th. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $112.89.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.