Renaissance Technologies LLC Sells 358,700 Shares of Veralto Corporation $VLTO

Renaissance Technologies LLC decreased its holdings in Veralto Corporation (NYSE:VLTO) by 20.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,392,100 shares of the company’s stock after selling 358,700 shares during the period. Renaissance Technologies LLC’s holdings in Veralto were worth $123,089,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in VLTO. Caxton Associates LLP boosted its stake in shares of Veralto by 111.8% during the first quarter. Caxton Associates LLP now owns 29,674 shares of the company’s stock valued at $2,624,000 after purchasing an additional 15,663 shares during the period. Sei Investments Co. increased its stake in Veralto by 37.3% in the 1st quarter. Sei Investments Co. now owns 394,325 shares of the company’s stock worth $34,868,000 after buying an additional 107,123 shares during the period. Walleye Capital LLC increased its stake in Veralto by 582.0% in the 1st quarter. Walleye Capital LLC now owns 3,552 shares of the company’s stock worth $314,000 after buying an additional 4,289 shares during the period. State of Wyoming lifted its holdings in Veralto by 35.9% during the 1st quarter. State of Wyoming now owns 6,411 shares of the company’s stock valued at $567,000 after buying an additional 1,694 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Veralto by 31.5% during the 1st quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock valued at $543,817,000 after buying an additional 1,472,304 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Veralto Trading Up 0.6%

NYSE VLTO opened at $92.02 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.48. The company has a market capitalization of $22.60 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 2.59 and a beta of 0.63. The company’s 50-day simple moving average is $87.66 and its two-hundred day simple moving average is $91.07. Veralto Corporation has a one year low of $80.03 and a one year high of $110.11.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, beating the consensus estimate 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 in the previous year, the business posted $0.95 EPS. The company’s quarterly revenue 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. Equities analysts forecast that Veralto Corporation will post 4.24 EPS for the current fiscal year.

Veralto Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 yield of 0.6%. Veralto’s payout ratio is 13.44%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Jefferies Financial Group began coverage on shares of Veralto in a research note on Tuesday, March 31st. They issued a “buy” rating and a $110.00 target price on the stock. Royal Bank Of Canada lifted their price target on shares of Veralto from $99.00 to $100.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Barclays lowered their price target on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Citigroup dropped their price objective on Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Veralto in a report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $106.33.

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.