T. Rowe Price Investment Management Inc. Sells 1,436,785 Shares of Veralto Corporation $VLTO

T. Rowe Price Investment Management Inc. decreased its holdings in Veralto Corporation (NYSE:VLTO) by 20.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,461,464 shares of the company’s stock after selling 1,436,785 shares during the quarter. T. Rowe Price Investment Management Inc. owned 2.20% of Veralto worth $544,945,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Compound Planning Inc. lifted its holdings in shares of Veralto by 13.6% during the 4th quarter. Compound Planning Inc. now owns 2,242 shares of the company’s stock worth $224,000 after acquiring an additional 268 shares during the period. Invesco Ltd. raised its position in Veralto by 6.3% in the fourth quarter. Invesco Ltd. now owns 4,595,043 shares of the company’s stock worth $458,493,000 after purchasing an additional 272,036 shares in the last quarter. Corient Private Wealth LLC raised its position in Veralto by 5.7% in the fourth quarter. Corient Private Wealth LLC now owns 147,228 shares of the company’s stock worth $14,737,000 after purchasing an additional 7,966 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Veralto by 20.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 51,592 shares of the company’s stock worth $5,148,000 after purchasing an additional 8,582 shares during the period. Finally, Beacon Pointe Advisors LLC lifted its stake in Veralto by 59.4% during the fourth quarter. Beacon Pointe Advisors LLC now owns 4,555 shares of the company’s stock worth $454,000 after purchasing an additional 1,697 shares during the period. 91.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on VLTO. Royal Bank Of Canada upped their price objective on Veralto from $99.00 to $100.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Stifel Nicolaus cut their target price on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Citigroup decreased their price target on Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Robert W. Baird set a $103.00 price target on Veralto in a research report on Thursday, April 30th. Finally, Barclays dropped their price objective on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Five 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 has a consensus rating of “Hold” and an average price target of $105.88.

Veralto Price Performance

Shares of VLTO stock opened at $83.88 on Friday. Veralto Corporation has a 1 year low of $80.03 and a 1 year high of $110.11. The company has a current ratio of 1.48, a quick ratio of 1.32 and a debt-to-equity ratio of 0.65. The firm’s 50 day moving average is $86.69 and its 200-day moving average is $92.86. The firm has a market capitalization of $20.60 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 2.34 and a beta of 0.69.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, beating 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 business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the business posted $0.95 earnings per share. Veralto’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. Sell-side analysts forecast that Veralto Corporation will post 4.23 EPS for the current fiscal year.

Veralto Announces Dividend

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

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.