Avanza Fonder AB grew its stake in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 108.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,108 shares of the company’s stock after buying an additional 26,556 shares during the period. Avanza Fonder AB’s holdings in Veralto were worth $5,100,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in VLTO. Root Financial Partners LLC acquired a new position in shares of Veralto in the 3rd quarter valued at about $27,000. Loomis Sayles & Co. L P purchased a new position in shares of Veralto in the 2nd quarter valued at $28,000. Goodman Advisory Group LLC acquired a new position in shares of Veralto during the 3rd quarter valued at $29,000. Board of the Pension Protection Fund acquired a new position in shares of Veralto during the 4th quarter valued at $30,000. Finally, True Wealth Design LLC boosted its position in Veralto by 852.9% during the 3rd quarter. True Wealth Design LLC now owns 324 shares of the company’s stock worth $35,000 after purchasing an additional 290 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have commented on the company. Robert W. Baird set a $108.00 price objective on Veralto in a research report on Thursday, February 5th. Stifel Nicolaus set a $118.00 target price on Veralto in a research report on Thursday, February 5th. Royal Bank Of Canada lowered their target price on Veralto from $111.00 to $102.00 and set a “sector perform” rating for the company in a research note on Thursday, February 5th. BMO Capital Markets reiterated an “outperform” rating on shares of Veralto in a report on Wednesday, February 11th. Finally, Weiss Ratings cut Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 31st. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $108.22.
Veralto Stock Performance
VLTO stock opened at $88.50 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.52 and a debt-to-equity ratio of 0.64. The firm has a market cap of $21.93 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.51 and a beta of 0.89. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $110.11. The stock’s 50 day simple moving average is $95.37 and its 200 day simple moving average is $99.75.
Veralto (NYSE:VLTO – Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.41 billion. Veralto had a net margin of 17.08% and a return on equity of 35.77%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 earnings per share. Veralto has set its FY 2026 guidance at 4.100-4.200 EPS and its Q1 2026 guidance at 0.970-1.010 EPS. As a group, equities research analysts predict that Veralto Corporation will post 3.66 EPS for the current year.
Veralto Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.13 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.52 annualized dividend and a yield of 0.6%. Veralto’s dividend payout ratio is 13.87%.
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.
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