Factory Mutual Insurance Co. purchased a new position in shares of Veralto Corporation (NYSE:VLTO – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 310,866 shares of the company’s stock, valued at approximately $29,321,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP raised its holdings in Veralto by 31.5% in the 1st quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock valued at $543,817,000 after buying an additional 1,472,304 shares during the period. Amundi lifted its position in Veralto by 16.3% in the first quarter. Amundi now owns 3,797,526 shares of the company’s stock valued at $335,785,000 after buying an additional 531,478 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Veralto during the second quarter worth about $235,200,000. Janus Henderson Group PLC boosted its stake in Veralto by 3.4% during the first quarter. Janus Henderson Group PLC now owns 2,095,393 shares of the company’s stock worth $185,266,000 after buying an additional 69,578 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Veralto by 16.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,788,026 shares of the company’s stock worth $158,063,000 after buying an additional 252,267 shares during the period. 91.28% of the stock is owned by institutional investors and hedge funds.
Veralto Price Performance
VLTO stock opened at $116.32 on Wednesday. The business’s fifty day moving average price is $98.90 and its 200 day moving average price is $93.27. Veralto Corporation has a 12-month low of $80.03 and a 12-month high of $117.05. The company has a current ratio of 2.03, a quick ratio of 1.61 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $28.28 billion, a PE ratio of 28.79, a P/E/G ratio of 3.21 and a beta of 0.51.
Veralto (NYSE:VLTO – Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.09. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Veralto had a return on equity of 35.08% and a net margin of 17.27%. Veralto’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the business posted $0.99 EPS. On average, sell-side analysts anticipate that Veralto Corporation will post 4.51 EPS for the current year.
Veralto Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.52 dividend on an annualized basis and a yield of 0.4%. Veralto’s dividend payout ratio is 12.87%.
Insider Activity
In related news, CEO Jennifer Honeycutt sold 7,098 shares of Veralto stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $105.00, for a total value of $745,290.00. Following the completion of the transaction, the chief executive officer owned 120,060 shares in the company, valued at approximately $12,606,300. The trade was a 5.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Surekha Trivedi sold 36,427 shares of Veralto stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $108.89, for a total transaction of $3,966,536.03. Following the completion of the transaction, the senior vice president owned 8,565 shares of the company’s stock, valued at $932,642.85. This trade represents a 80.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 44,511 shares of company stock worth $4,807,517 in the last three months. Corporate insiders own 0.43% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on VLTO shares. Wolfe Research assumed coverage on shares of Veralto in a research report on Tuesday, September 15th. They set an “outperform” rating and a $125.00 price target for the company. Barclays upped their price objective on shares of Veralto from $117.00 to $129.00 and gave the stock an “overweight” rating in a report on Monday. Weiss Ratings raised shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $135.00 price objective on shares of Veralto in a research report on Friday. Finally, Royal Bank Of Canada lifted their target price on shares of Veralto from $109.00 to $121.00 and gave the company a “sector perform” rating in a report on Monday. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Veralto currently has an average rating of “Moderate Buy” and a consensus price target of $120.70.
View Our Latest Report on VLTO
Trending Headlines about Veralto
Here are the key news stories impacting Veralto this week:
- Positive Sentiment: Veralto’s third-quarter 2026 earnings and revenue beat estimates, with growth in Water Quality and improved margins. Management also raised its full-year outlook, providing a stronger business-growth signal. Veralto Q3 earnings beat estimates
- Positive Sentiment: Barclays raised its price target to $129 from $117 and reiterated its overweight rating, signaling further potential upside in the firm’s view. Barclays rating and price target
- Neutral Sentiment: Citigroup lifted its target to $120 from $107 but maintained a neutral rating. RBC raised its target to $121 from $109 and kept its sector-perform rating, reflecting more cautious views than Barclays. Citigroup rating and price target RBC rating and price target
- Negative Sentiment: Senior Vice President Surekha Trivedi sold 36,427 shares, reducing her holdings by about 81%. The trade was made under a pre-arranged Rule 10b5-1 plan, which may temper—but does not eliminate—the concern investors can attach to insider selling. SEC filing for insider transaction
Veralto Profile
Veralto Corporation (NYSE: VLTO) is a global provider of technology, products and services that help customers manage water quality and improve the quality, safety and efficiency of packaged goods. The company serves municipal, industrial, commercial and consumer-facing markets through a portfolio of operating businesses.
Veralto’s Water Quality segment provides instruments, software and services used to test, monitor and treat water and wastewater. Its brands include Hach, Trojan Technologies and ChemTreat, which support applications such as laboratory and field testing, disinfection, water treatment and industrial water management.
The company’s Product Quality & Innovation segment supplies technologies used in product identification, packaging design, color management and quality inspection.
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