Veralto Corporation $VLTO Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd cut its stake in shares of Veralto Corporation (NYSE:VLTO) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 381,322 shares of the company’s stock after selling 7,062 shares during the quarter. Veralto comprises approximately 1.0% of OVERSEA CHINESE BANKING Corp Ltd’s investment portfolio, making the stock its 22nd biggest holding. OVERSEA CHINESE BANKING Corp Ltd owned 0.15% of Veralto worth $40,653,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. purchased a new stake in Veralto during the 2nd quarter valued at about $26,000. Loomis Sayles & Co. L P purchased a new position in shares of Veralto in the second quarter worth about $28,000. True Wealth Design LLC lifted its holdings in shares of Veralto by 852.9% during the third 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. Headlands Technologies LLC purchased a new stake in Veralto in the second quarter valued at approximately $44,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Veralto in the 2nd quarter worth approximately $50,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Stock Performance

NYSE VLTO opened at $102.24 on Thursday. The stock has a market capitalization of $25.39 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 2.91 and a beta of 0.88. The stock has a 50-day moving average of $100.21 and a 200 day moving average of $103.13. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.69. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $110.11.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Sell-side analysts anticipate that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Increases Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Veralto’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 0.5%. Veralto’s payout ratio is 14.25%.

Insider Transactions at Veralto

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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on VLTO shares. 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 note on Thursday, October 30th. Jefferies Financial Group reissued a “hold” rating and set a $105.00 target price (down previously from $125.00) on shares of Veralto in a report on Wednesday, December 10th. BMO Capital Markets lowered their price target on shares of Veralto from $123.00 to $114.00 and set an “outperform” rating on the stock in a report on Tuesday, November 25th. UBS Group lifted their price objective on Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Finally, Citigroup decreased their price objective on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. 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 presently has an average rating of “Hold” and a consensus target price of $112.89.

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.