Aberdeen Group plc Sells 812,383 Shares of Veralto Corporation $VLTO

Key Points

• Aberdeen Group plc has significantly reduced its holdings in Veralto Corporation by selling 812,383 shares, resulting in a 76.8% decrease in their ownership during the first quarter of the year.
• Several institutional investors, including Vanguard Group and JPMorgan Chase, have increased their stakes in Veralto, indicating strong investor interest with institutional ownership at 91.28%.
• Veralto recently reported a quarterly earnings per share of $0.93, surpassing analysts' expectations and setting positive guidance for future earnings.

Aberdeen Group plc reduced its holdings in Veralto Corporation (NYSE:VLTO - Free Report) by 76.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 245,156 shares of the company's stock after selling 812,383 shares during the period. Aberdeen Group plc owned about 0.10% of Veralto worth $23,555,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Veralto by 16.1% during the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company's stock valued at $352,000 after purchasing an additional 479 shares in the last quarter. CreativeOne Wealth LLC raised its stake in Veralto by 4.3% in the 4th quarter. CreativeOne Wealth LLC now owns 4,219 shares of the company's stock valued at $430,000 after purchasing an additional 173 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Veralto by 10.2% during the 4th quarter. NewEdge Advisors LLC now owns 4,802 shares of the company's stock worth $489,000 after purchasing an additional 443 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Veralto by 222.3% during the fourth quarter. First Trust Advisors LP now owns 2,602,399 shares of the company's stock worth $265,054,000 after buying an additional 1,794,992 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Veralto by 21.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 865,943 shares of the company's stock valued at $88,197,000 after buying an additional 153,814 shares during the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Veralto Stock Performance

NYSE:VLTO traded up $0.3750 during midday trading on Friday, reaching $108.8450. 659,562 shares of the company traded hands, compared to its average volume of 1,367,878. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $115.00. The firm has a market capitalization of $27.01 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 3.59 and a beta of 0.91. The company has a fifty day moving average price of $103.31 and a 200 day moving average price of $99.07. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06.

Veralto (NYSE:VLTO - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.04. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.85 earnings per share. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. On average, analysts expect that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Insider Activity at Veralto

In other Veralto news, SVP Surekha Trivedi sold 848 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $100.55, for a total value of $85,266.40. Following the completion of the sale, the senior vice president owned 8,433 shares of the company's stock, valued at approximately $847,938.15. This represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on VLTO shares. Northcoast Research began coverage on Veralto in a report on Tuesday, May 6th. They set a "buy" rating and a $110.00 target price on the stock. Robert W. Baird lifted their price target on shares of Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the company a "buy" rating in a report on Wednesday, July 30th. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada increased their target price on shares of Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $113.43.

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.