Atria Investments Inc Has $1.60 Million Holdings in Veralto Corporation $VLTO

by · The Markets Daily

Atria Investments Inc lifted its position in shares of Veralto Corporation (NYSE:VLTOFree Report) by 77.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,880 shares of the company’s stock after purchasing an additional 6,954 shares during the quarter. Atria Investments Inc’s holdings in Veralto were worth $1,603,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Nuveen LLC bought a new position in shares of Veralto during the 1st quarter worth approximately $172,399,000. Alliancebernstein L.P. lifted its position in shares of Veralto by 28.0% during the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock worth $607,656,000 after buying an additional 1,363,502 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of Veralto by 8.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock worth $1,027,264,000 after buying an additional 811,843 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Veralto by 26.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock worth $314,137,000 after buying an additional 682,123 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Veralto by 162.1% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,064,810 shares of the company’s stock worth $107,493,000 after buying an additional 658,529 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the completion of the transaction, the chief executive officer directly owned 106,219 shares of the company’s stock, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.36% of the company’s stock.

Veralto Stock Up 0.3%

NYSE:VLTO opened at $99.91 on Thursday. The stock has a market cap of $24.81 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 3.11 and a beta of 0.89. The stock has a 50-day moving average price of $104.49 and a two-hundred day moving average price of $102.34. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $110.11. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.69.

Veralto (NYSE:VLTOGet Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 earnings per share. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. As a group, equities analysts expect that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Tuesday, September 30th. Veralto’s payout ratio is 12.05%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Raymond James Financial assumed coverage on Veralto in a research report on Tuesday, August 26th. They set a “market perform” rating for the company. UBS Group raised their target price on Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday. Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Robert W. Baird lifted their price objective on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, Barclays boosted their price objective on Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $115.25.

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Veralto 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.

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