California State Teachers Retirement System Sells 7,972 Shares of Veralto Corporation $VLTO

California State Teachers Retirement System trimmed its position in Veralto Corporation (NYSE:VLTO) by 1.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 407,557 shares of the company’s stock after selling 7,972 shares during the period. California State Teachers Retirement System’s holdings in Veralto were worth $36,036,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VLTO. State Street Corp grew its stake in Veralto by 2.6% during the fourth quarter. State Street Corp now owns 10,720,184 shares of the company’s stock valued at $1,071,035,000 after acquiring an additional 270,356 shares in the last quarter. Geode Capital Management LLC lifted its stake in Veralto by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 7,249,875 shares of the company’s stock worth $720,876,000 after purchasing an additional 126,814 shares in the last quarter. First Trust Advisors LP boosted 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 purchasing an additional 1,472,304 shares during the period. Invesco Ltd. boosted its holdings in Veralto by 6.3% in the 4th quarter. Invesco Ltd. now owns 4,595,043 shares of the company’s stock valued at $458,493,000 after purchasing an additional 272,036 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Veralto by 2.2% during the 4th quarter. Bank of New York Mellon Corp now owns 3,453,007 shares of the company’s stock valued at $344,541,000 after purchasing an additional 75,253 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on Veralto from $111.00 to $114.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank Of Canada boosted their target price on Veralto from $100.00 to $109.00 and gave the stock a “sector perform” rating in a research report on Thursday. Citigroup lifted their price target on Veralto from $102.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday. BNP Paribas Exane restated an “outperform” rating and issued a $120.00 price objective (up from $115.00) on shares of Veralto in a research report on Thursday. Finally, Barclays raised their target price on shares of Veralto from $113.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Veralto currently has a consensus rating of “Moderate Buy” and an average price target of $110.90.

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 7,097 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total value of $720,487.44. Following the completion of the sale, the chief executive officer owned 124,085 shares of the company’s stock, valued at $12,597,109.20. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by insiders.

Veralto Stock Down 0.4%

VLTO opened at $94.34 on Friday. The business’s fifty day simple moving average is $88.62 and its 200 day simple moving average is $90.90. Veralto Corporation has a 52 week low of $80.03 and a 52 week high of $110.11. The company has a quick ratio of 1.32, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. The stock has a market cap of $23.00 billion, a PE ratio of 23.82, a P/E/G ratio of 2.57 and a beta of 0.63.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.10. Veralto had a return on equity of 34.76% and a net margin of 17.35%.The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. As a group, research analysts expect that Veralto Corporation will post 4.41 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a $0.13 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.52 dividend on an annualized basis and a yield of 0.6%. Veralto’s payout ratio is presently 13.13%.

About Veralto

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.