Massachusetts Financial Services Co. MA Has $73.47 Million Stock Holdings in Veralto Corporation $VLTO

Massachusetts Financial Services Co. MA raised its position in Veralto Corporation (NYSE:VLTO) by 17.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 689,098 shares of the company’s stock after acquiring an additional 104,020 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Veralto were worth $73,465,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Harbor Asset Planning Inc. bought a new stake in shares of Veralto in the second quarter worth $26,000. Loomis Sayles & Co. L P bought a new position in Veralto in the second quarter valued at $28,000. True Wealth Design LLC increased its stake in Veralto by 852.9% in the 3rd quarter. True Wealth Design LLC now owns 324 shares of the company’s stock valued at $35,000 after buying an additional 290 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Veralto during the 2nd quarter worth about $44,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Veralto in the 2nd quarter valued at about $50,000. 91.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VLTO has been the topic of several analyst reports. UBS Group upped their target price on Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. BMO Capital Markets dropped their price objective on Veralto from $123.00 to $114.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 25th. Jefferies Financial Group reissued a “hold” rating and issued a $105.00 target price (down from $125.00) on shares of Veralto in a research note on Wednesday, December 10th. Weiss Ratings downgraded shares of Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 31st. Finally, Citigroup cut their price target on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $112.89.

Veralto Stock Down 1.5%

VLTO stock opened at $101.17 on Wednesday. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $110.11. The business’s 50 day simple moving average is $100.53 and its 200 day simple moving average is $103.12. 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 firm has a market capitalization of $25.12 billion, a PE ratio of 27.72, a PEG ratio of 2.92 and a beta of 0.88.

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

Veralto Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be paid a $0.13 dividend. This is an increase from Veralto’s previous quarterly dividend of $0.11. The ex-dividend date is Wednesday, December 31st. This represents a $0.52 dividend on an annualized basis and a yield of 0.5%. Veralto’s dividend payout ratio (DPR) is currently 14.25%.

Insiders Place Their Bets

In other Veralto news, SVP Mattias Bystrom sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $101.73, for a total transaction of $101,730.00. Following the completion of the sale, the senior vice president directly owned 31,430 shares in the company, valued at $3,197,373.90. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

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.