Thrivent Financial for Lutherans Has $5.30 Million Stake in Veralto Corporation $VLTO

Thrivent Financial for Lutherans increased its position in shares of Veralto Corporation (NYSE:VLTO) by 182.7% during the third quarter, HoldingsChannel reports. The fund owned 49,680 shares of the company’s stock after buying an additional 32,106 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Veralto were worth $5,297,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in shares of Veralto during the third quarter worth about $27,000. Harbor Asset Planning Inc. acquired a new stake in Veralto during the 2nd quarter worth approximately $26,000. Loomis Sayles & Co. L P bought a new stake in Veralto during the 2nd quarter worth approximately $28,000. True Wealth Design LLC grew its holdings in Veralto by 852.9% during the 3rd quarter. True Wealth Design LLC now owns 324 shares of the company’s stock worth $35,000 after acquiring an additional 290 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Veralto in the 2nd quarter valued at approximately $44,000. 91.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VLTO shares. Stifel Nicolaus set a $118.00 price target on shares of Veralto in a report on Thursday. Royal Bank Of Canada lowered their target price on Veralto from $111.00 to $102.00 and set a “sector perform” rating for the company in a research report on Thursday. Jefferies Financial Group reaffirmed a “hold” rating on shares of Veralto in a report on Wednesday. Barclays reiterated an “overweight” rating and issued a $117.00 price target on shares of Veralto in a research report on Thursday. Finally, Citigroup lowered their price objective on Veralto from $111.00 to $104.00 and set a “neutral” rating for the company in a research report on Thursday. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $108.89.

Insider Activity

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

Veralto Price Performance

VLTO stock opened at $90.64 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.67 and a debt-to-equity ratio of 0.64. The firm has a market cap of $22.51 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 2.59 and a beta of 0.89. The company’s fifty day simple moving average is $100.20 and its 200 day simple moving average is $102.73. 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, February 3rd. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.06. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.41 billion. Veralto had a return on equity of 35.77% and a net margin of 17.08%.The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company posted $0.95 EPS. Veralto has set its FY 2026 guidance at 4.100-4.200 EPS and its Q1 2026 guidance at 0.970-1.010 EPS. On average, analysts expect that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.6%. This is a boost from Veralto’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, December 31st. Veralto’s payout ratio is presently 13.87%.

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