BNP Paribas Financial Markets Trims Stake in Veralto Corporation $VLTO

BNP Paribas Financial Markets lessened its stake in shares of Veralto Corporation (NYSE:VLTO) by 5.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,018,084 shares of the company’s stock after selling 56,276 shares during the period. BNP Paribas Financial Markets’ holdings in Veralto were worth $108,538,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of VLTO. Vanguard Group Inc. lifted its position in shares of Veralto by 2.8% in the third quarter. Vanguard Group Inc. now owns 31,058,387 shares of the company’s stock valued at $3,311,135,000 after acquiring an additional 852,276 shares in the last quarter. State Street Corp boosted its stake in shares of Veralto by 1.9% during the second quarter. State Street Corp now owns 10,257,956 shares of the company’s stock valued at $1,036,653,000 after acquiring an additional 192,139 shares during the last quarter. Impax Asset Management Group plc increased its position in Veralto by 3.9% during the 3rd quarter. Impax Asset Management Group plc now owns 3,839,722 shares of the company’s stock worth $408,503,000 after purchasing an additional 144,044 shares in the last quarter. First Trust Advisors LP raised its stake in Veralto by 24.3% in the 3rd quarter. First Trust Advisors LP now owns 3,508,512 shares of the company’s stock valued at $374,042,000 after purchasing an additional 685,614 shares during the last quarter. Finally, Norges Bank acquired a new position in Veralto in the 2nd quarter valued at about $264,150,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Stifel Nicolaus set a $118.00 price target on shares of Veralto in a research note on Thursday, February 5th. Royal Bank Of Canada cut their price objective on shares of Veralto from $111.00 to $102.00 and set a “sector perform” rating for the company in a research report on Thursday, February 5th. Jefferies Financial Group restated a “hold” rating on shares of Veralto in a research report on Wednesday, February 4th. Barclays reaffirmed an “overweight” rating and issued a $117.00 target price on shares of Veralto in a research note on Thursday, February 5th. Finally, Citigroup reduced their price target on Veralto from $111.00 to $104.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $108.22.

Veralto Stock Down 1.7%

VLTO opened at $89.78 on Friday. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $110.11. The firm has a 50 day moving average price of $96.87 and a 200 day moving average price of $100.64. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.52 and a current ratio of 1.67. The company has a market cap of $22.25 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 2.59 and a beta of 0.89.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Veralto had a net margin of 17.08% and a return on equity of 35.77%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the company posted $0.95 earnings per share. Veralto’s revenue was up 3.8% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.100-4.200 EPS and its Q1 2026 guidance at 0.970-1.010 EPS. Sell-side analysts expect that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.13 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. Veralto’s payout ratio is presently 13.87%.

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.