Wealth Enhancement Advisory Services LLC Cuts Holdings in Veralto Corporation $VLTO

Wealth Enhancement Advisory Services LLC lessened its position in shares of Veralto Corporation (NYSE:VLTO) by 45.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,971 shares of the company’s stock after selling 82,695 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Veralto were worth $10,586,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Veralto during the 2nd quarter worth approximately $264,150,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Veralto by 6,015.1% in the second 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 acquiring an additional 1,325,609 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Veralto by 154.7% during the 2nd 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 in the last quarter. Westwood Holdings Group Inc. acquired a new position in shares of Veralto during the 2nd quarter valued at $69,839,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Veralto by 162.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,064,810 shares of the company’s stock valued at $107,493,000 after purchasing an additional 658,529 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Veralto Stock Performance

Shares of VLTO opened at $101.31 on Friday. Veralto Corporation has a 52-week low of $83.86 and a 52-week 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 market cap of $25.16 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 2.89 and a beta of 0.88. The business’s 50 day moving average is $100.72 and its two-hundred day moving average is $103.09.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. The firm had revenue of $1.40 billion for 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 firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 earnings per share. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS and its Q4 2025 guidance at 0.950-0.980 EPS. Analysts forecast that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Increases Dividend

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

Insider Transactions at Veralto

In other Veralto news, SVP Mattias Bystrom sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $101.73, for a total transaction of $101,730.00. Following the sale, the senior vice president owned 31,430 shares in the company, valued at $3,197,373.90. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.36% of the stock is owned by insiders.

Analyst Ratings Changes

VLTO has been the topic of a number of recent research reports. Barclays boosted their price objective on Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Royal Bank Of Canada boosted their price target on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. BMO Capital Markets lowered their price objective on shares of Veralto from $123.00 to $114.00 and set an “outperform” rating for the company in a research report on Tuesday, November 25th. Weiss Ratings lowered shares of Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, December 31st. Finally, UBS Group upped their target price on shares of Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Veralto currently 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.