AQR Capital Management LLC Acquires 260,002 Shares of Veralto Corporation $VLTO

Key Points

• AQR Capital Management LLC increased its holdings in Veralto Corporation by 133.2% in the first quarter, bringing its total shares to 455,220, valued at approximately $43.84 million.
• Several institutional investors have also modified their positions in Veralto, with 91.28% of the stock currently owned by such investors.
• Veralto reported $1.37 billion in revenue for the last quarter, surpassing analysts' expectations, with an earnings per share (EPS) of $0.93, exceeding the forecast by $0.04.

AQR Capital Management LLC increased its stake in Veralto Corporation (NYSE:VLTO - Free Report) by 133.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 455,220 shares of the company's stock after acquiring an additional 260,002 shares during the period. AQR Capital Management LLC owned approximately 0.18% of Veralto worth $43,842,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new position in Veralto during the fourth quarter worth about $30,000. Truvestments Capital LLC grew its stake in shares of Veralto by 148.5% in the 1st 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 acquired a new position in shares of Veralto in the 1st quarter worth approximately $45,000. Grove Bank & Trust raised its holdings in shares of Veralto by 198.2% in the 1st quarter. Grove Bank & Trust now owns 510 shares of the company's stock worth $50,000 after purchasing an additional 339 shares in the last quarter. Finally, Global Financial Private Client LLC lifted its stake in Veralto by 95.1% during the first 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 during the last quarter. Institutional investors own 91.28% of the company's stock.

Veralto Stock Down 0.1%

Shares of NYSE:VLTO traded down $0.09 during trading on Friday, reaching $109.02. 1,253,217 shares of the company traded hands, compared to its average volume of 877,373. The firm has a fifty day simple moving average of $105.52 and a 200 day simple moving average of $99.94. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. 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 $27.05 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 3.62 and a beta of 0.91.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on VLTO shares. Stifel Nicolaus set a $120.00 target price on Veralto and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Raymond James Financial initiated coverage on Veralto in a research note on Tuesday, August 26th. They issued a "market perform" rating on the stock. Royal Bank Of Canada boosted their price objective on Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Finally, 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 report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $113.43.

Insider Activity

In related 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 completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.36% of the stock is currently owned by corporate insiders.

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.