B. Metzler seel. Sohn & Co. AG Lowers Stock Holdings in Veralto Corporation $VLTO

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in Veralto Corporation by 25.8%, selling 9,480 shares, leaving it with 27,202 shares valued at approximately $2.65 million.
• Veralto's stock price is down 0.8% with a current price of $106.49, and it has a market cap of $26.43 billion.
• Recent analyst ratings for Veralto range from a "strong-buy" to "hold," with an average target price of $113.43.

B. Metzler seel. Sohn & Co. AG decreased its holdings in Veralto Corporation (NYSE:VLTO - Free Report) by 25.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,202 shares of the company's stock after selling 9,480 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Veralto were worth $2,651,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. FORA Capital LLC bought a new stake in shares of Veralto during the first quarter valued at approximately $2,757,000. Virtus Advisers LLC purchased a new position in Veralto during the first quarter worth $232,000. Rudius Management LP boosted its stake in Veralto by 15.2% during the first quarter. Rudius Management LP now owns 2,840,270 shares of the company's stock worth $276,784,000 after buying an additional 375,421 shares during the period. Comerica Bank boosted its stake in shares of Veralto by 12.5% during the first quarter. Comerica Bank now owns 61,895 shares of the company's stock valued at $6,032,000 after purchasing an additional 6,853 shares during the period. Finally, Mirova boosted its stake in shares of Veralto by 15.9% during the first quarter. Mirova now owns 25,428 shares of the company's stock valued at $2,478,000 after purchasing an additional 3,483 shares during the period. Hedge funds and other institutional investors own 91.28% of the company's stock.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the completion of the transaction, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.36% of the company's stock.

Analysts Set New Price Targets

VLTO has been the subject of several recent research reports. Royal Bank Of Canada lifted their price objective on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Robert W. Baird upped their price objective on shares of Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Raymond James Financial initiated coverage on Veralto in a research report on Tuesday, August 26th. They issued a "market perform" rating on the stock. Finally, Stifel Nicolaus set a $120.00 price objective on Veralto and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $113.43.

Veralto Trading Down 0.6%

Shares of VLTO traded down $0.61 during midday trading on Wednesday, reaching $104.68. The company had a trading volume of 204,606 shares, compared to its average volume of 1,341,149. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $115.00. The stock has a market cap of $25.98 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 3.53 and a beta of 0.91. The firm has a 50 day simple moving average of $104.78 and a 200-day simple moving average of $99.51. 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 (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 analysts' consensus estimates of $0.89 by $0.04. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the company earned $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. Research 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.