Banco Bilbao Vizcaya Argentaria S.A. Has $3.82 Million Stock Position in Veralto Corporation $VLTO

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Veralto Corporation by 45.2%, now owning approximately $3.82 million in shares.
• Veralto stock has a market capitalization of $27.01 billion and has recently seen a 0.7% increase in stock price.
• Analysts have a consensus rating of "Moderate Buy" for Veralto, with an average target price of $113.43.

Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 45.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,321 shares of the company's stock after purchasing an additional 12,238 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Veralto were worth $3,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC raised its holdings in shares of Veralto by 11.5% during the first quarter. Park Avenue Securities LLC now owns 19,213 shares of the company's stock valued at $1,872,000 after purchasing an additional 1,985 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Veralto by 1.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock valued at $856,000 after buying an additional 113 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Veralto by 9.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 26,833 shares of the company's stock valued at $2,619,000 after buying an additional 2,313 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Veralto by 3.0% during the first quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company's stock valued at $1,417,000 after buying an additional 429 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Veralto by 12.8% during the first quarter. Farther Finance Advisors LLC now owns 2,938 shares of the company's stock valued at $287,000 after buying an additional 333 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on VLTO shares. Robert W. Baird lifted 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. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the company a "buy" 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. Northcoast Research started coverage on shares of Veralto in a report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price objective for the company. Finally, Royal Bank Of Canada lifted their price objective on shares of Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $113.43.

Veralto Stock Up 0.7%

Veralto stock opened at $108.8550 on Thursday. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $115.00. The stock has a market cap of $27.01 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 3.56 and a beta of 0.91. The firm's 50-day simple moving average is $103.12 and its 200 day simple moving average is $99.02. 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 released its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.04. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The firm's revenue for the quarter 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. Research analysts predict that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Surekha Trivedi sold 848 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $100.55, for a total transaction of $85,266.40. Following the transaction, the senior vice president directly owned 8,433 shares in the company, valued at approximately $847,938.15. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.36% of the company's stock.

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.

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