Veralto Corporation $VLTO Stake Boosted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in shares of Veralto Corporation (NYSE:VLTO) by 10.6% in the 2nd quarter, Holdings Channel reports. The firm owned 116,062 shares of the company’s stock after purchasing an additional 11,149 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Veralto were worth $11,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of Veralto by 16.1% in the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after buying an additional 479 shares during the period. Atria Wealth Solutions Inc. lifted its holdings in Veralto by 29.8% in the first quarter. Atria Wealth Solutions Inc. now owns 6,929 shares of the company’s stock worth $675,000 after acquiring an additional 1,590 shares during the last quarter. Townsquare Capital LLC boosted its stake in Veralto by 7.7% in the first quarter. Townsquare Capital LLC now owns 4,973 shares of the company’s stock valued at $485,000 after acquiring an additional 357 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Veralto by 24.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,685 shares of the company’s stock valued at $359,000 after purchasing an additional 718 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Veralto by 26.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock worth $314,137,000 after purchasing an additional 682,123 shares during the period. 91.28% of the stock is currently owned by institutional investors.

Veralto Stock Down 0.5%

Shares of VLTO stock opened at $97.91 on Thursday. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $110.11. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.57. The business’s fifty day moving average is $101.18 and its 200-day moving average is $102.88. The stock has a market cap of $24.31 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 3.07 and a beta of 0.87.

Veralto (NYSE:VLTO) last announced its 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. 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 analysts’ expectations of $1.40 billion. During the same quarter last year, the business posted $0.89 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS and its Q4 2025 guidance at 0.950-0.980 EPS. Equities analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. Veralto’s payout ratio is currently 12.05%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Barclays lifted their price objective on shares of Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Jefferies Financial Group restated a “hold” rating and issued a $105.00 target price (down previously from $125.00) on shares of Veralto 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 company a “sector perform” rating in a research note on Thursday, October 30th. Finally, Citigroup reduced their price objective on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.89.

Insider Activity at Veralto

In related news, SVP Mattias Bystrom sold 1,000 shares of the 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 completion of the sale, the senior vice president directly owned 31,430 shares of the company’s stock, valued at $3,197,373.90. This 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 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.