Goodman Financial Corp Takes Position in Veralto Corporation $VLTO

Goodman Financial Corp purchased a new position in shares of Veralto Corporation (NYSE:VLTO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 90,720 shares of the company’s stock, valued at approximately $9,052,000. Veralto accounts for 1.7% of Goodman Financial Corp’s investment portfolio, making the stock its 26th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Veralto by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 31,058,387 shares of the company’s stock valued at $3,311,135,000 after buying an additional 852,276 shares during the period. State Street Corp boosted its stake in Veralto by 1.9% during the third quarter. State Street Corp now owns 10,449,828 shares of the company’s stock worth $1,115,182,000 after buying an additional 191,872 shares during the period. Impax Asset Management Group plc increased its position in shares of Veralto by 3.9% during the third quarter. Impax Asset Management Group plc now owns 3,839,722 shares of the company’s stock valued at $408,503,000 after acquiring an additional 144,044 shares during the last quarter. First Trust Advisors LP increased its position in shares of Veralto by 24.3% during the third quarter. First Trust Advisors LP now owns 3,508,512 shares of the company’s stock valued at $374,042,000 after acquiring an additional 685,614 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Veralto in the 2nd quarter valued at approximately $264,150,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VLTO. Jefferies Financial Group restated a “hold” rating on shares of Veralto in a report on Wednesday, February 4th. Royal Bank Of Canada cut their target price on Veralto from $111.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 5th. BMO Capital Markets restated an “outperform” rating on shares of Veralto in a research note on Wednesday, February 11th. Citigroup lowered their price target on Veralto from $111.00 to $104.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Finally, Robert W. Baird set a $108.00 price objective on Veralto in a research note on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $108.22.

Veralto Trading Down 1.2%

NYSE VLTO opened at $88.61 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.52 and a current ratio of 1.67. The firm has a market cap of $21.96 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 2.51 and a beta of 0.89. The firm has a 50 day simple moving average of $95.64 and a 200-day simple moving average of $99.87. Veralto Corporation has a one year low of $83.86 and a one year high of $110.11.

Veralto (NYSE:VLTO) last announced its earnings results 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. Veralto had a net margin of 17.08% and a return on equity of 35.77%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the firm earned $0.95 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Veralto has set its FY 2026 guidance at 4.100-4.200 EPS and its Q1 2026 guidance at 0.970-1.010 EPS. Equities research analysts anticipate that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, March 31st. Veralto’s dividend payout ratio (DPR) is presently 13.87%.

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