Eastern Bank Sells 209,635 Shares of Veralto Corporation $VLTO

Eastern Bank decreased its stake in Veralto Corporation (NYSE:VLTO) by 82.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,794 shares of the company’s stock after selling 209,635 shares during the period. Eastern Bank’s holdings in Veralto were worth $3,884,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of Veralto by 2.6% in the fourth quarter. State Street Corp now owns 10,720,184 shares of the company’s stock worth $1,071,035,000 after acquiring an additional 270,356 shares during the period. Geode Capital Management LLC increased its position in Veralto by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 7,249,875 shares of the company’s stock valued at $720,876,000 after purchasing an additional 126,814 shares during the period. First Trust Advisors LP lifted its position in shares of Veralto by 31.5% in the 1st quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock worth $543,817,000 after purchasing an additional 1,472,304 shares during the period. Invesco Ltd. boosted its stake in shares of Veralto by 6.3% in the 4th quarter. Invesco Ltd. now owns 4,595,043 shares of the company’s stock valued at $458,493,000 after purchasing an additional 272,036 shares during the last quarter. Finally, Amundi boosted its stake in shares of Veralto by 16.3% in the 1st quarter. Amundi now owns 3,797,526 shares of the company’s stock valued at $335,785,000 after purchasing an additional 531,478 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors.

Veralto Stock Performance

VLTO opened at $96.44 on Wednesday. Veralto Corporation has a 1-year low of $80.03 and a 1-year high of $110.11. The company has a market cap of $23.51 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 2.58 and a beta of 0.60. The company has a current ratio of 1.78, a quick ratio of 1.61 and a debt-to-equity ratio of 0.86. The company’s fifty day moving average price is $88.99 and its two-hundred day moving average price is $90.74.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. Veralto had a return on equity of 34.76% and a net margin of 17.35%.The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. On average, analysts expect that Veralto Corporation will post 4.4 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Veralto’s dividend payout ratio (DPR) is presently 13.13%.

Insider Buying and Selling

In other news, CEO Jennifer Honeycutt sold 7,097 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total value of $720,487.44. Following the transaction, the chief executive officer owned 124,085 shares in the company, valued at $12,597,109.20. The trade was a 5.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Robert W. Baird set a $111.00 target price on shares of Veralto in a research note on Thursday, July 30th. UBS Group upped their price target on shares of Veralto from $98.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. BNP Paribas Exane reissued an “outperform” rating and issued a $120.00 price objective (up from $115.00) on shares of Veralto in a research report on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Veralto in a research report on Wednesday, June 24th. Finally, Citigroup raised their target price on Veralto from $102.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Veralto has a consensus rating of “Moderate Buy” and an average target price of $110.90.

Veralto 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.