Veralto Corporation $VLTO Shares Sold by Nordea Investment Management AB

by · The Cerbat Gem

Nordea Investment Management AB trimmed its position in shares of Veralto Corporation (NYSE:VLTO – Free Report) by 2.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,194,379 shares of the company’s stock after selling 89,709 shares during the quarter. Nordea Investment Management AB owned 1.69% of Veralto worth $442,255,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of VLTO. Harbor Asset Planning Inc. acquired a new position in shares of Veralto in the second quarter valued at approximately $26,000. Loomis Sayles & Co. L P purchased a new position in Veralto in the 2nd quarter valued at approximately $28,000. True Wealth Design LLC grew its stake in shares of Veralto by 852.9% in the third quarter. True Wealth Design LLC now owns 324 shares of the company’s stock worth $35,000 after acquiring an additional 290 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Veralto during the second quarter worth $44,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Veralto in the second quarter valued at $50,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Trading Down 0.8%

NYSE:VLTO opened at $101.95 on Tuesday. The company has a market capitalization of $25.32 billion, a PE ratio of 27.93, a P/E/G ratio of 2.93 and a beta of 0.88. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $110.11. The stock’s 50 day moving average price is $100.12 and its 200 day moving average price is $103.13. The company has a quick ratio of 1.40, a current ratio of 1.57 and a debt-to-equity ratio of 0.69.

Veralto (NYSE:VLTO – Get Free Report) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 earnings per share. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS and its Q4 2025 guidance at 0.950-0.980 EPS. On average, research analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, December 31st. This is an increase from Veralto’s previous quarterly dividend of $0.11. Veralto’s payout ratio is 14.25%.

Analyst Ratings Changes

Several research firms recently commented on VLTO. UBS Group boosted their target price on Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Citigroup lowered their price objective on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Barclays raised their target price on shares of Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Royal Bank Of Canada boosted their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $105.00 price objective (down from $125.00) on shares of Veralto in a report on Wednesday, December 10th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $112.89.

Get Our Latest Stock Analysis on Veralto

Insider Buying and Selling

In other news, SVP Mattias Bystrom sold 1,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $101.73, for a total value of $101,730.00. Following the completion of the sale, the senior vice president directly owned 31,430 shares of the company’s stock, valued at approximately $3,197,373.90. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

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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