Illinois Municipal Retirement Fund Sells 14,660 Shares of Veralto Corporation $VLTO

Illinois Municipal Retirement Fund lowered its position in Veralto Corporation (NYSE:VLTO) by 17.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 68,982 shares of the company’s stock after selling 14,660 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Veralto were worth $6,964,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Baldwin Investment Management LLC boosted its position in Veralto by 3.4% during the first quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company’s stock worth $314,000 after purchasing an additional 106 shares during the period. Phoenix Financial Ltd. lifted its stake in shares of Veralto by 2.9% during the 1st quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company’s stock valued at $454,000 after buying an additional 132 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Veralto by 3.6% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company’s stock worth $378,000 after buying an additional 134 shares during the period. Huntleigh Advisors Inc. grew its stake in Veralto by 0.5% in the 2nd quarter. Huntleigh Advisors Inc. now owns 28,286 shares of the company’s stock valued at $2,856,000 after buying an additional 134 shares in the last quarter. Finally, Argent Trust Co grew its stake in Veralto by 1.8% in the 1st quarter. Argent Trust Co now owns 8,096 shares of the company’s stock valued at $789,000 after buying an additional 140 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction on 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 transaction, the chief executive officer owned 106,219 shares of the company’s stock, valued at $11,286,830.94. This represents a 9.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is owned by insiders.

Veralto Price Performance

Shares of NYSE VLTO opened at $97.85 on Wednesday. The stock’s 50-day simple moving average is $103.88 and its two-hundred day simple moving average is $102.65. 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 $24.30 billion, a P/E ratio of 26.81, a P/E/G ratio of 3.07 and a beta of 0.89. 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) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The firm 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 for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $0.89 EPS. 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 anticipate that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VLTO. Stifel Nicolaus set a $120.00 price target on Veralto and gave the stock a “buy” rating in a report on Wednesday, July 30th. Barclays raised their target price on Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Citigroup decreased their price target on Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Robert W. Baird increased their price target on shares of Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada raised their price objective on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $115.25.

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.