Veralto Corporation $VLTO Shares Sold by Amundi

Key Points

• Amundi has reduced its stake in Veralto Corporation (VLTO) by 4.8%, now holding approximately 6.83 million shares valued at around $646 million.
• Several hedge funds have increased their holdings in Veralto, with Park Avenue Securities LLC and Allspring Global Investments both reporting significant increases of 11.5% and 9.4%, respectively.
• Wall Street analysts largely view Veralto positively, with five analysts assigning a Buy rating and a consensus target price of $113.43 for the stock.

Amundi decreased its position in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,826,433 shares of the company's stock after selling 343,269 shares during the quarter. Amundi owned approximately 2.75% of Veralto worth $646,225,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Bernard Wealth Management Corp. purchased a new position in shares of Veralto during the fourth quarter worth about $30,000. Truvestments Capital LLC grew its holdings in shares of Veralto by 148.5% during the first quarter. Truvestments Capital LLC now owns 328 shares of the company's stock worth $32,000 after purchasing an additional 196 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Veralto during the first quarter worth about $45,000. Grove Bank & Trust grew its holdings in shares of Veralto by 198.2% during the first quarter. Grove Bank & Trust now owns 510 shares of the company's stock worth $50,000 after purchasing an additional 339 shares during the last quarter. Finally, Global Financial Private Client LLC grew its holdings in shares of Veralto by 95.1% during the first quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock worth $58,000 after purchasing an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Stock Performance

NYSE:VLTO traded down $0.92 during mid-day trading on Friday, reaching $105.68. The stock had a trading volume of 965,188 shares, compared to its average volume of 883,067. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. The firm has a market capitalization of $26.23 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 3.54 and a beta of 0.91. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $115.00. The business has a 50 day simple moving average of $105.07 and a 200 day simple moving average of $99.66.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.93 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 the consensus estimate of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The firm's revenue was up 6.4% compared to the same quarter last year. During the same quarter last 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. On average, analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VLTO shares. Stifel Nicolaus set a $120.00 price objective on Veralto and gave the stock a "buy" rating in a report 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 for the company. Royal Bank Of Canada increased 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. Robert W. Baird increased 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, Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Veralto presently has a consensus rating of "Moderate Buy" and an average target price of $113.43.

Insider Buying and Selling

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 106,219 shares in the company, valued at $11,286,830.94. This trade represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by insiders.

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.