AG2R LA Mondiale Gestion D Actifs Makes New Investment 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) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,379 shares of the company's stock, valued at approximately $1,150,000.

A number of other large investors have also added to or reduced their stakes in VLTO. Bernard Wealth Management Corp. bought a new stake in Veralto in the 4th quarter worth $30,000. Truvestments Capital LLC boosted its stake in shares of Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company's stock valued at $32,000 after purchasing an additional 196 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Veralto during the 1st quarter valued at about $45,000. Grove Bank & Trust boosted its stake in shares of Veralto by 198.2% during the 1st quarter. Grove Bank & Trust now owns 510 shares of the company's stock valued at $50,000 after purchasing an additional 339 shares in the last quarter. Finally, Global Financial Private Client LLC boosted its stake in shares of Veralto by 95.1% during the 1st quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock valued at $58,000 after purchasing an additional 289 shares in the last quarter. Institutional investors own 91.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on VLTO shares. Wolfe Research raised shares of Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Robert W. Baird lifted their target price on shares of 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 started coverage on shares of 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 objective on shares of Veralto and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada boosted their price objective 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 analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Veralto has a consensus rating of "Moderate Buy" and an average price target of $113.43.

Insider Activity

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the company's stock in a transaction that occurred 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 in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.36% of the company's stock.

Veralto Trading Down 0.1%

NYSE:VLTO opened at $109.02 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The firm has a market capitalization of $27.05 billion, a P/E ratio of 30.45, a PEG ratio of 3.62 and a beta of 0.91. Veralto Corporation has a one year low of $83.86 and a one year high of $115.00. The company's 50-day simple moving average is $105.52 and its 200 day simple moving average is $99.95.

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, topping the consensus estimate of $0.89 by $0.04. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm 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. As a group, analysts forecast that Veralto Corporation will post 3.66 EPS for the current fiscal year.

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.

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