FORA Capital LLC Takes $2.76 Million Position in Veralto Corporation $VLTO

Key Points

• FORA Capital LLC acquired 28,294 shares of Veralto Corporation, valued at approximately $2.76 million, marking a significant new investment in the company.
• Veralto recently reported a strong quarterly performance with $1.37 billion in revenue, exceeding expectations and showing a 6.4% year-over-year growth.
• Analysts have given Veralto a consensus rating of "Moderate Buy" with an average price target forecast of $113.43, indicating positive sentiment around the stock's potential.

FORA Capital LLC purchased a new stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 28,294 shares of the company's stock, valued at approximately $2,757,000.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Veralto by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 29,737,470 shares of the company's stock valued at $2,897,916,000 after buying an additional 390,285 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Veralto by 8.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company's stock valued at $1,027,264,000 after buying an additional 811,843 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Veralto by 6.9% during the 1st quarter. Invesco Ltd. now owns 4,856,071 shares of the company's stock valued at $473,224,000 after buying an additional 314,704 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Veralto by 13.6% during the 1st quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company's stock valued at $415,074,000 after buying an additional 509,104 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Veralto by 26.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company's stock valued at $314,137,000 after buying an additional 682,123 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VLTO. Robert W. Baird lifted their price target on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Raymond James Financial started coverage on Veralto in a report on Tuesday. They set a "market perform" rating for the company. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Northcoast Research started coverage on Veralto in a report on Tuesday, May 6th. They issued a "buy" rating and a $110.00 target price for the company. Finally, Royal Bank Of Canada boosted their target price on Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $113.43.

Veralto Stock Performance

Shares of VLTO stock traded down $0.33 during trading hours on Friday, reaching $106.17. 716,496 shares of the company's stock were exchanged, compared to its average volume of 976,350. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $115.00. The stock has a market capitalization of $26.35 billion, a P/E ratio of 29.66, a P/E/G ratio of 3.51 and a beta of 0.91. The business has a fifty day moving average price of $104.53 and a 200-day moving average price of $99.42. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The company's quarterly revenue was up 6.4% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Analysts predict that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Insider Activity

In other news, SVP Surekha Trivedi sold 848 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $100.55, for a total transaction of $85,266.40. Following the sale, the senior vice president directly owned 8,433 shares in the company, valued at approximately $847,938.15. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.36% of the company's stock.

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.