Pictet Asset Management Holding SA Reduces Holdings in Veralto Corporation $VLTO

Pictet Asset Management Holding SA decreased its holdings in shares of Veralto Corporation (NYSE:VLTO) by 20.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,214,319 shares of the company’s stock after selling 806,842 shares during the period. Pictet Asset Management Holding SA’s holdings in Veralto were worth $284,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Veralto during the 4th quarter valued at $261,340,000. FIL Ltd boosted its holdings in Veralto by 263.8% in the 4th quarter. FIL Ltd now owns 1,798,310 shares of the company’s stock worth $179,435,000 after buying an additional 1,303,940 shares during the period. First Trust Advisors LP increased its stake in Veralto by 33.3% in the 4th quarter. First Trust Advisors LP now owns 4,678,084 shares of the company’s stock worth $466,779,000 after buying an additional 1,169,572 shares in the last quarter. AQR Capital Management LLC increased its stake in Veralto by 86.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,157,211 shares of the company’s stock worth $226,615,000 after buying an additional 997,778 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Veralto by 115.2% during the first quarter. SG Americas Securities LLC now owns 1,681,786 shares of the company’s stock valued at $148,704,000 after acquiring an additional 900,135 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Stock Up 2.1%

VLTO opened at $89.80 on Friday. The company has a market capitalization of $22.06 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 2.53 and a beta of 0.69. The firm has a 50-day simple moving average of $86.11 and a two-hundred day simple moving average of $92.25. The company has a quick ratio of 1.32, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. Veralto Corporation has a 52 week low of $80.03 and a 52 week high of $110.11.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.05. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm 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. Analysts forecast that Veralto Corporation will post 4.23 earnings per share for the current fiscal year.

Veralto Announces Dividend

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

Analyst Upgrades and Downgrades

VLTO has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Jefferies Financial Group started coverage on Veralto in a research note on Tuesday, March 31st. They set a “buy” rating and a $110.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Veralto in a report on Wednesday. Stifel Nicolaus dropped their price target on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, Royal Bank Of Canada lifted their price objective on shares of Veralto from $99.00 to $100.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. 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 stock has an average rating of “Hold” and an average price target of $105.88.

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.