Nisa Investment Advisors LLC Reduces Position in Veralto Corporation $VLTO

Nisa Investment Advisors LLC lowered its position in Veralto Corporation (NYSE:VLTO) by 14.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,354 shares of the company’s stock after selling 9,003 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Veralto were worth $5,480,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Harbor Asset Planning Inc. acquired a new position in shares of Veralto during the second quarter worth about $26,000. Loomis Sayles & Co. L P acquired a new stake in Veralto in the second quarter valued at about $28,000. True Wealth Design LLC boosted its holdings in Veralto by 852.9% in the 3rd quarter. True Wealth Design LLC now owns 324 shares of the company’s stock valued at $35,000 after purchasing an additional 290 shares in the last quarter. Headlands Technologies LLC acquired a new position in Veralto during the 2nd quarter worth approximately $44,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Veralto during the 2nd quarter worth approximately $50,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Veralto Trading Up 1.0%

Shares of VLTO opened at $102.74 on Monday. The stock has a market capitalization of $25.51 billion, a P/E ratio of 28.15, a PEG ratio of 2.93 and a beta of 0.88. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $110.11. The company has a quick ratio of 1.40, a current ratio of 1.57 and a debt-to-equity ratio of 0.69. The firm has a fifty day simple moving average of $100.06 and a two-hundred day simple moving average of $103.13.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating 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 analyst estimates of $1.40 billion. During the same quarter in the prior year, the company posted $0.89 EPS. Veralto’s quarterly 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 and its Q4 2025 guidance at 0.950-0.980 EPS. On average, research analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Increases Dividend

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

Analyst Ratings Changes

A number of analysts recently weighed in on the company. UBS Group lifted 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. Citigroup decreased their target price 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. BMO Capital Markets lowered their price target 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. Jefferies Financial Group reiterated a “hold” rating and issued a $105.00 price objective (down previously from $125.00) on shares of Veralto in a research note on Wednesday, December 10th. Finally, Royal Bank Of Canada boosted their price objective on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Veralto presently has an average rating of “Hold” and an average price target of $112.89.

Insider Activity

In related news, SVP Mattias Bystrom sold 1,000 shares of Veralto stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $101.73, for a total transaction of $101,730.00. Following the completion of the transaction, the senior vice president directly owned 31,430 shares of the company’s stock, valued at $3,197,373.90. This trade represents a 3.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by 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. This segment provides water solutions, including chemical reagents, services, and digital solutions.