5,702 Shares in Veralto Corporation $VLTO Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new stake in Veralto Corporation (NYSE:VLTO) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 5,702 shares of the company’s stock, valued at approximately $595,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new position in shares of Veralto during the 3rd quarter valued at $27,000. Harbor Asset Planning Inc. acquired a new stake in Veralto during the second quarter valued at $26,000. Loomis Sayles & Co. L P purchased a new position in Veralto in the second quarter valued at about $28,000. True Wealth Design LLC increased its position in Veralto by 852.9% in the 3rd quarter. True Wealth Design LLC now owns 324 shares of the company’s stock worth $35,000 after purchasing an additional 290 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Veralto in the 2nd quarter worth about $44,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank Of Canada boosted their price target on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. UBS Group boosted their target price on shares of Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Barclays raised their price target on shares of Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. BMO Capital Markets reduced their price objective on shares of Veralto from $123.00 to $114.00 and set an “outperform” rating for the company in a research note on Tuesday, November 25th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $105.00 target price (down from $125.00) on shares of Veralto in a research report on Wednesday, December 10th. Five investment analysts have rated the stock with a Buy rating and seven have given 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 $112.89.

Veralto Price Performance

Shares of Veralto stock opened at $101.31 on Friday. 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 fifty day simple moving average of $100.72 and a 200-day simple moving average of $103.10. The stock has a market capitalization of $25.16 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 2.88 and a beta of 0.88. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $110.11.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 EPS. 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, sell-side analysts expect that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. This is a boost from Veralto’s previous quarterly dividend of $0.11. Veralto’s payout ratio is presently 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 stock was sold at an average price of $101.73, for a total value of $101,730.00. Following the sale, the senior vice president owned 31,430 shares of the company’s stock, valued at $3,197,373.90. This trade represents a 3.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.36% of the stock is currently owned by insiders.

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.