iA Global Asset Management Inc. Acquires 11,213 Shares of Veralto Corporation $VLTO

iA Global Asset Management Inc. raised its stake in shares of Veralto Corporation (NYSE:VLTO) by 1,121,300.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,214 shares of the company’s stock after purchasing an additional 11,213 shares during the period. iA Global Asset Management Inc.’s holdings in Veralto were worth $992,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in Veralto by 16.1% during 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Veralto by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,947 shares of the company’s stock worth $2,529,000 after buying an additional 1,306 shares during the period. Empowered Funds LLC grew its stake in Veralto by 20.4% during the 1st quarter. Empowered Funds LLC now owns 4,551 shares of the company’s stock valued at $443,000 after purchasing an additional 770 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Veralto by 102.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 832 shares of the company’s stock worth $81,000 after buying an additional 421 shares during the period. Finally, Sivia Capital Partners LLC purchased a new position in shares of Veralto during the second quarter worth $201,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Price Performance

Veralto stock opened at $92.46 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.48. The company’s 50 day simple moving average is $86.07 and its 200-day simple moving average is $91.96. Veralto Corporation has a 1 year low of $80.03 and a 1 year high of $110.11. The company has a market capitalization of $22.71 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 2.54 and a beta of 0.63.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm posted $0.95 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. As a group, equities research analysts expect that Veralto Corporation will post 4.24 earnings per share for the current year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. Veralto’s dividend payout ratio (DPR) is presently 13.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on VLTO shares. Robert W. Baird set a $103.00 price objective on shares of Veralto in a research report on Thursday, April 30th. Stifel Nicolaus dropped their price target on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. UBS Group increased their price target on Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Jefferies Financial Group began coverage on Veralto in a report on Tuesday, March 31st. They issued a “buy” rating and a $110.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Veralto in a research note on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Veralto has a consensus rating of “Hold” and an average price target of $105.88.

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.