Voya Investment Management LLC Cuts Position in Veralto Corporation $VLTO

Voya Investment Management LLC decreased its stake in Veralto Corporation (NYSE:VLTO) by 44.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,336 shares of the company’s stock after selling 43,892 shares during the period. Voya Investment Management LLC’s holdings in Veralto were worth $5,793,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in shares of Veralto by 16.1% during the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after acquiring an additional 479 shares during the period. CW Advisors LLC purchased a new position in Veralto in the 1st quarter valued at approximately $459,000. Northwestern Mutual Wealth Management Co. raised its holdings in Veralto by 44.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,606 shares of the company’s stock worth $351,000 after purchasing an additional 1,113 shares during the last quarter. Comerica Bank boosted its position in Veralto by 12.5% during the first quarter. Comerica Bank now owns 61,895 shares of the company’s stock worth $6,032,000 after purchasing an additional 6,853 shares in the last quarter. Finally, FORA Capital LLC acquired a new stake in Veralto in the first quarter valued at $2,757,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Veralto

In other news, SVP Mattias Bystrom sold 1,000 shares of Veralto stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $101.73, for a total value of $101,730.00. Following the transaction, the senior vice president directly owned 31,430 shares of the company’s stock, valued at $3,197,373.90. The trade was a 3.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.36% of the stock is currently owned by company insiders.

Veralto Stock Performance

Shares of NYSE VLTO opened at $102.29 on Thursday. The company has a 50-day simple moving average of $100.51 and a 200-day simple moving average of $102.89. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.57 and a quick ratio of 1.40. The company has a market cap of $25.40 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 3.20 and a beta of 0.87. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $110.11.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.40 billion. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm 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, equities analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.13 per share. This is a boost from Veralto’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, December 31st. Veralto’s payout ratio is currently 12.05%.

Analysts Set New Price Targets

VLTO has been the subject of several research reports. UBS Group lifted their price target on Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Jefferies Financial Group restated a “hold” rating and set a $105.00 target price (down from $125.00) on shares of Veralto in a report on Wednesday, December 10th. Citigroup cut their target price on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Royal Bank Of Canada upped their price target on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Finally, Weiss Ratings raised shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $112.89.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.