Legal & General Group Plc Raises Stock Position in Veralto Corporation $VLTO

by · The Cerbat Gem

Legal & General Group Plc lifted its position in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,458,532 shares of the company’s stock after purchasing an additional 36,458 shares during the quarter. Legal & General Group Plc owned about 0.59% of Veralto worth $145,532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in VLTO. Laurel Wealth Advisors LLC bought a new stake in shares of Veralto during the fourth quarter valued at approximately $25,000. Root Financial Partners LLC bought a new stake in shares of Veralto during the third quarter valued at approximately $27,000. Goodman Advisory Group LLC bought a new stake in shares of Veralto during the third quarter valued at approximately $29,000. Board of the Pension Protection Fund bought a new stake in shares of Veralto during the fourth quarter valued at approximately $30,000. Finally, Creative Capital Management Investments LLC boosted its position in shares of Veralto by 45.9% during the fourth quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock valued at $34,000 after purchasing an additional 107 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Veralto Stock Performance

Shares of VLTO stock opened at $83.52 on Friday. Veralto Corporation has a one year low of $80.03 and a one year high of $110.11. The company’s 50-day moving average is $87.91 and its 200 day moving average is $94.48. The company has a market capitalization of $20.51 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.38 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.48.

Veralto (NYSE:VLTO – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. Veralto had a net margin of 17.33% and a return on equity of 34.63%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the firm posted $0.95 EPS. Veralto’s revenue for the quarter 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. Sell-side analysts expect that Veralto Corporation will post 4.23 EPS for the current fiscal year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. Veralto’s payout ratio is currently 13.44%.

Analyst Ratings Changes

VLTO has been the topic of several research reports. BMO Capital Markets restated an “outperform” rating on shares of Veralto in a research report on Wednesday, February 11th. Citigroup lowered their price objective on Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Barclays lowered their price objective on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. UBS Group lifted their price objective on Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Stifel Nicolaus lowered their price objective on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $105.88.

Read Our Latest Stock Report on Veralto

Veralto Company Profile

(Free Report)

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.

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