BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $29.14 Million Holdings in Veralto Corporation $VLTO

Key Points

• BNP Paribas Asset Management increased its holdings in Veralto Corporation (NYSE:VLTO) by 2.1%, owning 299,013 shares valued at approximately $29.14 million as of the latest SEC filing.
• Several institutional investors have significantly boosted their stakes in Veralto, with First Trust Advisors LP increasing its holdings by 222.3% and JPMorgan Chase & Co. raising its position by 26.8% during the recent quarters.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Veralto, with an average price target of $113.43, reflecting optimism about the company's performance and growth potential.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Veralto Corporation (NYSE:VLTO - Free Report) by 2.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 299,013 shares of the company's stock after purchasing an additional 6,221 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.12% of Veralto worth $29,138,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP grew its holdings in shares of Veralto by 222.3% during the fourth quarter. First Trust Advisors LP now owns 2,602,399 shares of the company's stock worth $265,054,000 after buying an additional 1,794,992 shares in the last quarter. Nuveen LLC bought a new stake in Veralto in the 1st quarter valued at approximately $172,399,000. BNP Paribas Financial Markets acquired a new position in Veralto during the 4th quarter worth approximately $96,888,000. JPMorgan Chase & Co. boosted its position in Veralto by 26.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company's stock worth $314,137,000 after acquiring an additional 682,123 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Veralto by 13.6% during the 1st quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company's stock worth $415,074,000 after acquiring an additional 509,104 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on VLTO shares. Royal Bank Of Canada boosted their price objective on shares of Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Robert W. Baird lifted their price target on shares of Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Northcoast Research assumed coverage on shares of Veralto in a research report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price target on the stock. Stifel Nicolaus set a $120.00 price objective on Veralto and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $113.43.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Surekha Trivedi sold 848 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $100.55, for a total transaction of $85,266.40. Following the completion of the sale, the senior vice president owned 8,433 shares of the company's stock, valued at $847,938.15. This trade represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.36% of the company's stock.

Veralto Stock Performance

NYSE VLTO opened at $107.14 on Monday. The firm has a market capitalization of $26.59 billion, a P/E ratio of 29.93, a price-to-earnings-growth ratio of 3.53 and a beta of 0.91. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. The firm's fifty day moving average price is $102.60 and its two-hundred day moving average price is $98.87. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $115.00.

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, beating analysts' consensus estimates of $0.89 by $0.04. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the prior year, the firm earned $0.85 EPS. Veralto's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, research analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

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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