Allstate Corp Invests $915,000 in Veralto Corporation $VLTO

Allstate Corp bought a new stake in Veralto Corporation (NYSE:VLTO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,584 shares of the company’s stock, valued at approximately $915,000.

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

Insiders Place Their Bets

In other 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 value of $101,730.00. Following the completion of the transaction, the senior vice president owned 31,430 shares in the company, valued at $3,197,373.90. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on VLTO shares. BMO Capital Markets decreased their price objective on shares of Veralto from $123.00 to $114.00 and set an “outperform” rating for the company in a research note on Tuesday, November 25th. UBS Group upped their target price on Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Barclays lifted their price target on Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Citigroup reduced their price objective on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Finally, Royal Bank Of Canada raised their target price on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $112.89.

Veralto Price Performance

Shares of NYSE VLTO opened at $101.82 on Thursday. 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 stock has a fifty day simple moving average of $100.61 and a two-hundred day simple moving average of $103.11. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $110.11. The firm has a market cap of $25.28 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 2.88 and a beta of 0.88.

Veralto (NYSE:VLTO) last issued 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 firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The business’s revenue for the quarter 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. Analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

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

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