Acadian Asset Management LLC Reduces Stake in Veralto Corporation $VLTO

Key Points

• Acadian Asset Management sold 30,939 shares of Veralto Corporation, reducing its stake by 4.1%, and now owns 0.29% of the company valued at approximately $70 million.
• Several institutional investors, including Nuveen LLC and Alliancebernstein L.P., have increased their stakes in Veralto, demonstrating strong institutional interest, with 91.28% of the stock currently owned by institutional investors.
• Veralto reported quarterly earnings of $0.93 per share, exceeding estimates, and set FY 2025 guidance at $3.720-3.800 EPS, indicating anticipated steady growth.

Acadian Asset Management LLC reduced its position in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 4.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 719,159 shares of the company's stock after selling 30,939 shares during the quarter. Acadian Asset Management LLC owned approximately 0.29% of Veralto worth $70,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Veralto by 16.1% during the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company's stock valued at $352,000 after purchasing an additional 479 shares during the period. Ameriprise Financial Inc. lifted its stake in Veralto by 2.1% during the 4th quarter. Ameriprise Financial Inc. now owns 172,976 shares of the company's stock valued at $17,617,000 after acquiring an additional 3,495 shares during the period. Baird Financial Group Inc. lifted its stake in Veralto by 3.5% during the 4th quarter. Baird Financial Group Inc. now owns 12,373 shares of the company's stock valued at $1,260,000 after acquiring an additional 420 shares during the period. Cetera Investment Advisers lifted its stake in Veralto by 6.0% during the 4th quarter. Cetera Investment Advisers now owns 54,334 shares of the company's stock valued at $5,534,000 after acquiring an additional 3,071 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in shares of Veralto in the 4th quarter worth approximately $232,000. 91.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the completion of the sale, the chief executive officer directly owned 106,219 shares in the company, valued at $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.36% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Raymond James Financial started coverage on shares of Veralto in a research note on Tuesday, August 26th. They issued a "market perform" rating on the stock. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Robert W. Baird raised their target price on shares of Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada raised their target price on shares of Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $113.43.

Veralto Trading Down 0.9%

Shares of VLTO traded down $1.02 during trading hours on Tuesday, reaching $106.78. 247,640 shares of the company traded hands, compared to its average volume of 1,328,617. The firm has a market cap of $26.50 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 3.62 and a beta of 0.91. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $115.00. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. The stock's fifty day moving average price is $105.62 and its 200 day moving average price is $100.01.

Veralto (NYSE:VLTO - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.04. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The business's revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Sell-side analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Company 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.