QRG Capital Management Inc. Reduces Position in Veralto Corporation $VLTO

QRG Capital Management Inc. decreased its holdings in shares of Veralto Corporation (NYSE:VLTO) by 76.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,914 shares of the company’s stock after selling 21,973 shares during the period. QRG Capital Management Inc.’s holdings in Veralto were worth $611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. PFG Investments LLC raised its holdings in Veralto by 13.3% in the 1st quarter. PFG Investments LLC now owns 4,408 shares of the company’s stock worth $390,000 after purchasing an additional 519 shares during the period. DB Fitzpatrick & Co Inc grew its holdings in Veralto by 2.2% during the first quarter. DB Fitzpatrick & Co Inc now owns 15,201 shares of the company’s stock valued at $1,344,000 after purchasing an additional 326 shares during the period. Leonteq Securities AG grew its holdings in Veralto by 17.8% during the first quarter. Leonteq Securities AG now owns 1,478 shares of the company’s stock valued at $131,000 after purchasing an additional 223 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Veralto by 57.9% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 118,061 shares of the company’s stock worth $10,439,000 after buying an additional 43,304 shares in the last quarter. Finally, Strs Ohio increased its position in Veralto by 0.9% in the first quarter. Strs Ohio now owns 24,326 shares of the company’s stock worth $2,151,000 after buying an additional 215 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Stock Performance

NYSE:VLTO opened at $92.09 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.32 and a debt-to-equity ratio of 0.65. Veralto Corporation has a 12-month low of $80.03 and a 12-month high of $110.11. The stock has a 50-day moving average price of $86.53 and a 200 day moving average price of $91.69. The stock has a market capitalization of $22.62 billion, a P/E ratio of 23.80, a P/E/G ratio of 2.58 and a beta of 0.63.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.05. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the company earned $0.95 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. Equities research analysts forecast that Veralto Corporation will post 4.24 EPS for the current fiscal year.

Veralto Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently commented on VLTO shares. Royal Bank Of Canada raised their price objective on Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Robert W. Baird set a $103.00 target price on shares of Veralto in a report on Thursday, April 30th. Barclays reduced their target price on shares of Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Citigroup lowered their price target on shares of Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Finally, Stifel Nicolaus dropped their price target on shares of Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $106.22.

About Veralto

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.