Bank of New York Mellon Corp Invests $235.20 Million in Veralto Corporation $VLTO

Key Points

• Bank of New York Mellon initiated a $235.2 million position in Veralto, purchasing 2.65 million shares and acquiring a 1.09% stake. Institutional investors collectively own 91.28% of the company.
• Veralto exceeded quarterly expectations, reporting $1.11 in EPS versus the $1.01 consensus and $1.47 billion in revenue, up 7.5% year over year. The company maintained fiscal 2026 EPS guidance of $4.35–$4.43.
• Analysts maintain a generally favorable view, with six Buy ratings and five Holds producing a “Moderate Buy” consensus and an average price target of $110.90, compared with the stock’s reported $98.94 price.

Bank of New York Mellon Corp bought a new position in shares of Veralto Corporation (NYSE:VLTO - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,652,228 shares of the company's stock, valued at approximately $235,200,000. Bank of New York Mellon Corp owned 1.09% of Veralto as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Veralto during the 4th quarter worth $261,340,000. First Trust Advisors LP raised its stake in Veralto by 31.5% in the first quarter. First Trust Advisors LP now owns 6,150,388 shares of the company's stock valued at $543,817,000 after buying an additional 1,472,304 shares in the last quarter. FIL Ltd lifted its holdings in Veralto by 263.8% during the 4th quarter. FIL Ltd now owns 1,798,310 shares of the company's stock worth $179,435,000 after buying an additional 1,303,940 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Veralto by 86.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,157,211 shares of the company's stock worth $226,615,000 after buying an additional 997,778 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Veralto by 115.2% during the 1st quarter. SG Americas Securities LLC now owns 1,681,786 shares of the company's stock worth $148,704,000 after acquiring an additional 900,135 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 7,097 shares of Veralto stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total value of $720,487.44. Following the sale, the chief executive officer directly owned 124,085 shares in the company, valued at $12,597,109.20. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Surekha Trivedi sold 986 shares of Veralto stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $97.05, for a total value of $95,691.30. Following the completion of the sale, the senior vice president owned 8,565 shares in the company, valued at approximately $831,233.25. This trade represents a 10.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 15,180 shares of company stock worth $1,490,394 in the last quarter. 0.43% of the stock is currently owned by insiders.

Veralto Trading Down 0.5%

Shares of VLTO stock opened at $98.94 on Friday. The company has a market capitalization of $24.12 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60. The company has a current ratio of 1.78, a quick ratio of 1.61 and a debt-to-equity ratio of 0.86. The business's 50 day moving average is $92.58 and its two-hundred day moving average is $90.51. Veralto Corporation has a twelve month low of $80.03 and a twelve month high of $110.11.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.01 by $0.10. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.45 billion. Veralto had a return on equity of 34.76% and a net margin of 17.35%.The company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. Equities analysts forecast that Veralto Corporation will post 4.4 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Stifel Nicolaus increased their price objective on Veralto from $111.00 to $114.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Veralto in a report on Wednesday, June 24th. Robert W. Baird set a $111.00 price objective on shares of Veralto in a research report on Thursday, July 30th. Wolfe Research restated an "outperform" rating and set a $109.00 price objective on shares of Veralto in a research report on Thursday, July 9th. Finally, Citigroup upped their target price on shares of Veralto from $102.00 to $107.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $110.90.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.

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