Veralto Corporation $VLTO Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.
by Scott Moore · The Cerbat GemMitsubishi UFJ Asset Management Co. Ltd. lifted its position in Veralto Corporation (NYSE:VLTO – Free Report) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 475,434 shares of the company’s stock after purchasing an additional 31,312 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Veralto were worth $47,995,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in VLTO. Los Angeles Capital Management LLC lifted its stake in Veralto by 0.6% in the second quarter. Los Angeles Capital Management LLC now owns 37,906 shares of the company’s stock valued at $3,827,000 after buying an additional 223 shares during the last quarter. AGF Management Ltd. acquired a new position in shares of Veralto in the 2nd quarter valued at $3,024,000. Summit Investment Advisors Inc. increased its holdings in shares of Veralto by 2.9% in the 1st quarter. Summit Investment Advisors Inc. now owns 15,667 shares of the company’s stock valued at $1,527,000 after acquiring an additional 444 shares during the period. Fox Run Management L.L.C. purchased a new stake in Veralto in the 2nd quarter valued at $476,000. Finally, Modera Wealth Management LLC acquired a new stake in Veralto during the 2nd quarter worth $206,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.
Analyst Ratings Changes
VLTO has been the topic of a number of recent research reports. UBS Group lifted their price objective on shares of Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Robert W. Baird boosted their price target on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Raymond James Financial started coverage on Veralto in a research note on Tuesday, August 26th. They set a “market perform” rating for the company. Royal Bank Of Canada lifted their target price on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Finally, Barclays boosted their target price on Veralto from $119.00 to $121.00 and gave the company 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 issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $115.25.
View Our Latest Stock Report on Veralto
Insider Buying and Selling at Veralto
In other news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $106.26, for a total value of $1,131,243.96. Following the completion of the transaction, the chief executive officer owned 106,219 shares in the company, valued at $11,286,830.94. This trade represents a 9.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by company insiders.
Veralto Price Performance
Shares of VLTO opened at $98.27 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average is $104.02 and its two-hundred day moving average is $102.61. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $110.11. The firm has a market capitalization of $24.40 billion, a PE ratio of 26.92, a P/E/G ratio of 3.08 and a beta of 0.89.
Veralto (NYSE:VLTO – Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm earned $0.89 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. Research analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current year.
Veralto Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, September 30th. Veralto’s payout ratio is presently 12.05%.
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.
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