Danske Bank A S Boosts Holdings in Veralto Corporation $VLTO

Danske Bank A S boosted its position in Veralto Corporation (NYSE:VLTO) by 18.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 196,159 shares of the company’s stock after buying an additional 31,070 shares during the period. Danske Bank A S’s holdings in Veralto were worth $19,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Veralto by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 31,058,387 shares of the company’s stock valued at $3,311,135,000 after buying an additional 852,276 shares during the last quarter. State Street Corp grew its position in Veralto by 1.9% in the 3rd quarter. State Street Corp now owns 10,449,828 shares of the company’s stock valued at $1,115,182,000 after buying an additional 191,872 shares during the last quarter. Impax Asset Management Group plc grew its position in Veralto by 3.9% in the 3rd quarter. Impax Asset Management Group plc now owns 3,839,722 shares of the company’s stock valued at $408,503,000 after buying an additional 144,044 shares during the last quarter. First Trust Advisors LP grew its position 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 buying an additional 685,614 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Veralto by 12.8% in the 3rd quarter. Victory Capital Management Inc. now owns 2,194,081 shares of the company’s stock valued at $237,738,000 after buying an additional 248,718 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of Veralto in a research report on Tuesday, March 31st. They set a “buy” rating and a $110.00 target price on the stock. UBS Group boosted their target price on shares of Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Friday. Royal Bank Of Canada boosted their target price on shares of Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Thursday. Stifel Nicolaus decreased their target price on shares of Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Barclays decreased their target price on shares of Veralto from $117.00 to $113.00 and set an “overweight” rating on the stock in a research report on Thursday. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $106.33.

Veralto Price Performance

Shares of NYSE VLTO opened at $87.65 on Friday. The firm has a market capitalization of $21.53 billion, a P/E ratio of 22.65, a PEG ratio of 2.47 and a beta of 0.77. Veralto Corporation has a one year low of $84.99 and a one year high of $110.11. The company’s fifty day moving average is $90.55 and its two-hundred day moving average is $96.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.52 and a current ratio of 1.48.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. Veralto had a net margin of 17.33% and a return on equity of 34.63%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. Analysts forecast that Veralto Corporation will post 4.23 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 31st. Veralto’s payout ratio is 13.44%.

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.