Acadian Asset Management LLC Sells 30,939 Shares of 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 cut its holdings in Veralto Corporation (NYSE:VLTO - Free Report) by 4.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 719,159 shares of the company's stock after selling 30,939 shares during the period. Acadian Asset Management LLC owned 0.29% of Veralto worth $70,068,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in VLTO. Nuveen LLC bought a new position in shares of Veralto in the first quarter worth about $172,399,000. Alliancebernstein L.P. increased its stake in shares of Veralto by 28.0% in the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company's stock worth $607,656,000 after purchasing an additional 1,363,502 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Veralto by 8.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company's stock worth $1,027,264,000 after purchasing an additional 811,843 shares during the period. JPMorgan Chase & Co. increased its stake in Veralto by 26.8% during the first quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company's stock valued at $314,137,000 after acquiring an additional 682,123 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Veralto by 13.6% during the first quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company's stock valued at $415,074,000 after acquiring an additional 509,104 shares during the period. 91.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on VLTO. Robert W. Baird boosted their price target on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Raymond James Financial began coverage on Veralto in a research note on Tuesday, August 26th. They set a "market perform" rating on the stock. Stifel Nicolaus set a $120.00 price target on Veralto and gave the company a "buy" rating in a research note 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 boosted their price target on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $113.43.

Veralto Trading Up 0.9%

VLTO stock opened at $106.00 on Thursday. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $115.00. The firm has a market cap of $26.31 billion, a P/E ratio of 29.61, a P/E/G ratio of 3.49 and a beta of 0.91. The business's 50 day moving average is $105.30 and its 200-day moving average is $99.82. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Equities analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 106,219 shares of the company's stock, valued at $11,286,830.94. The trade was a 9.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is owned by insiders.

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.

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