AG2R LA Mondiale Gestion D Actifs Invests $1.15 Million in Veralto Corporation $VLTO

Key Points

• AG2R LA Mondiale Gestion D Actifs has invested approximately $1.15 million in Veralto Corporation by acquiring 11,379 shares during the first quarter.
• Veralto's CEO, Jennifer Honeycutt, sold 10,646 shares for over $1.13 million, reducing her ownership stake by 9.11%.
• Wolfe Research upgraded Veralto shares from a "hold" to a "strong-buy" rating, with a consensus rating of "Moderate Buy" and an average price target of $113.43.

AG2R LA Mondiale Gestion D Actifs purchased a new position in Veralto Corporation (NYSE:VLTO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,379 shares of the company's stock, valued at approximately $1,150,000.

Other large investors have also recently made changes to their positions in the company. Bernard Wealth Management Corp. bought a new stake in shares of Veralto in the fourth quarter worth approximately $30,000. Truvestments Capital LLC grew its stake in shares of Veralto by 148.5% in the first quarter. Truvestments Capital LLC now owns 328 shares of the company's stock worth $32,000 after acquiring an additional 196 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of Veralto in the first quarter worth approximately $45,000. Grove Bank & Trust grew its stake in shares of Veralto by 198.2% in the first quarter. Grove Bank & Trust now owns 510 shares of the company's stock worth $50,000 after acquiring an additional 339 shares during the period. Finally, Global Financial Private Client LLC grew its stake in shares of Veralto by 95.1% in the first quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock worth $58,000 after acquiring an additional 289 shares during the period. 91.28% of the stock is currently owned by institutional investors.

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the business's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $106.26, for a total value of $1,131,243.96. Following the transaction, the chief executive officer owned 106,219 shares of the company's stock, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.36% of the company's stock.

Veralto Price Performance

Shares of VLTO traded down $0.27 during mid-day trading on Friday, reaching $106.79. The stock had a trading volume of 268,651 shares, compared to its average volume of 1,339,638. The firm has a market cap of $26.50 billion, a price-to-earnings ratio of 29.84, a PEG ratio of 3.54 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 business has a fifty day moving average of $105.87 and a 200 day moving average of $100.15. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. The business 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 company's revenue was up 6.4% on a year-over-year basis. During the same period in the prior 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. Equities analysts predict that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Veralto's payout ratio is 12.29%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target 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. Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" 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 research report on Wednesday, July 30th. Barclays started coverage on shares of Veralto in a research report on Friday. They set an "overweight" rating and a $120.00 target price for the company. Finally, Raymond James Financial started coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a "market perform" rating for the company. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Veralto has an average rating of "Moderate Buy" and an average price target of $114.25.

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.