Nolet Wealth Management LLC Makes New Investment in Veralto Corporation $VLTO

Nolet Wealth Management LLC acquired a new stake in Veralto Corporation (NYSE:VLTO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 15,066 shares of the company’s stock, valued at approximately $1,503,000. Veralto comprises 0.8% of Nolet Wealth Management LLC’s holdings, making the stock its 21st biggest position.

Other large investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its position in Veralto by 3.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,199,220 shares of the company’s stock valued at $119,658,000 after purchasing an additional 39,803 shares during the last quarter. LGT Capital Partners LTD. purchased a new position in Veralto during the 3rd quarter worth $2,068,000. First Trust Advisors LP grew its position in Veralto by 24.3% during the 3rd quarter. First Trust Advisors LP now owns 3,508,512 shares of the company’s stock worth $374,042,000 after purchasing an additional 685,614 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Veralto by 30.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,602 shares of the company’s stock valued at $6,147,000 after purchasing an additional 14,219 shares during the period. Finally, HighTower Advisors LLC increased its stake in Veralto by 58.9% in the third quarter. HighTower Advisors LLC now owns 63,856 shares of the company’s stock valued at $6,808,000 after purchasing an additional 23,669 shares during the period. 91.28% of the stock is owned by institutional investors and hedge funds.

Veralto Stock Up 1.3%

Shares of Veralto stock opened at $83.88 on Friday. The company has a market cap of $20.60 billion, a P/E ratio of 21.67, a PEG ratio of 2.34 and a beta of 0.69. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.48. Veralto Corporation has a one year low of $80.03 and a one year high of $110.11. The firm has a fifty day moving average of $86.69 and a two-hundred day moving average of $92.86.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.02 by $0.05. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a net margin of 17.33% and a return on equity of 34.63%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business earned $0.95 EPS. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. On average, analysts forecast that Veralto Corporation will post 4.23 earnings per share for the current year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a $0.13 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.52 dividend on an annualized basis and a yield of 0.6%. Veralto’s dividend payout ratio (DPR) is presently 13.44%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VLTO. Citigroup decreased their target price on shares of Veralto from $104.00 to $102.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. UBS Group boosted their price target on Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Stifel Nicolaus reduced their price objective on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Royal Bank Of Canada increased their price objective on Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Finally, Jefferies Financial Group assumed coverage on Veralto in a research note on Tuesday, March 31st. They issued a “buy” rating and a $110.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $105.88.

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.