Bank of New York Mellon Corp Has $268.11 Million Holdings in Veralto Corporation $VLTO

Bank of New York Mellon Corp trimmed its holdings in Veralto Corporation (NYSE:VLTO) by 12.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,032,194 shares of the company’s stock after selling 420,813 shares during the period. Bank of New York Mellon Corp’s holdings in Veralto were worth $268,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in Veralto during the 4th quarter worth $261,340,000. FIL Ltd raised its stake in Veralto by 263.8% in the fourth quarter. FIL Ltd now owns 1,798,310 shares of the company’s stock valued at $179,435,000 after purchasing an additional 1,303,940 shares in the last quarter. First Trust Advisors LP lifted its position in Veralto by 33.3% during the fourth quarter. First Trust Advisors LP now owns 4,678,084 shares of the company’s stock worth $466,779,000 after purchasing an additional 1,169,572 shares during the period. AQR Capital Management LLC grew its stake in Veralto by 86.1% during the third 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 grew its stake in Veralto by 115.2% during the first quarter. SG Americas Securities LLC now owns 1,681,786 shares of the company’s stock worth $148,704,000 after buying an additional 900,135 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Veralto Stock Performance

Veralto stock opened at $93.69 on Friday. The business has a 50 day moving average of $87.08 and a 200-day moving average of $91.37. The company has a market capitalization of $23.01 billion, a P/E ratio of 24.21, a P/E/G ratio of 2.65 and a beta of 0.63. Veralto Corporation has a 1 year low of $80.03 and a 1 year high of $110.11. 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 posted its earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. Veralto had a net margin of 17.33% and a return on equity of 34.63%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the firm posted $0.95 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. 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, equities research analysts predict that Veralto Corporation will post 4.24 earnings per share for the current 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Veralto’s dividend payout ratio is 13.44%.

Analyst Ratings Changes

Several research analysts have commented on the stock. UBS Group boosted their price objective on shares of Veralto from $99.00 to $101.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Jefferies Financial Group assumed coverage on Veralto in a research note on Tuesday, March 31st. They issued a “buy” rating and a $110.00 price target on the stock. Robert W. Baird set a $103.00 price target on Veralto in a report on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of Veralto in a research report on Wednesday, June 24th. Finally, Barclays reduced their price objective on Veralto from $117.00 to $113.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.