Handelsbanken Fonder AB Increases Stake in Veralto Corporation $VLTO

Handelsbanken Fonder AB boosted its stake in shares of Veralto Corporation (NYSE:VLTO) by 66.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 216,955 shares of the company’s stock after acquiring an additional 86,907 shares during the quarter. Handelsbanken Fonder AB’s holdings in Veralto were worth $21,648,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Azzad Asset Management Inc. ADV raised its position in Veralto by 0.7% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 15,098 shares of the company’s stock valued at $1,506,000 after acquiring an additional 99 shares in the last quarter. PFG Investments LLC raised its position in Veralto by 2.7% during the third quarter. PFG Investments LLC now owns 3,792 shares of the company’s stock valued at $404,000 after acquiring an additional 100 shares in the last quarter. IFP Advisors Inc raised its position in Veralto by 14.0% during the third quarter. IFP Advisors Inc now owns 855 shares of the company’s stock valued at $91,000 after acquiring an additional 105 shares in the last quarter. Creative Capital Management Investments LLC raised its position in Veralto by 45.9% during the fourth quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock valued at $34,000 after acquiring an additional 107 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Veralto by 0.7% in the third quarter. Private Advisor Group LLC now owns 15,777 shares of the company’s stock valued at $1,682,000 after buying an additional 109 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Stock Down 0.5%

Veralto stock opened at $86.07 on Thursday. The stock has a market capitalization of $21.14 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 2.44 and a beta of 0.77. Veralto Corporation has a 12 month low of $84.45 and a 12 month high of $110.11. The business has a 50 day simple moving average of $88.53 and a 200-day simple moving average of $95.05. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.32.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. 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 anticipate that Veralto Corporation will post 4.23 EPS for the current fiscal year.

Veralto Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VLTO shares. Barclays cut their price objective on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Jefferies Financial Group started coverage on Veralto in a research report on Tuesday, March 31st. They issued a “buy” rating and a $110.00 price objective for the company. Stifel Nicolaus cut their price objective on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Royal Bank Of Canada boosted their price objective on Veralto from $99.00 to $100.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Finally, UBS Group boosted their price objective on Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.