BNP Paribas Financial Markets Increases Stake in Veralto Corporation $VLTO

Key Points

• BNP Paribas Financial Markets increased its stake in Veralto Corporation to $97.38 million, owning 999,292 shares after acquiring an additional 48,010 shares in the first quarter.
• Veralto reported a quarterly earnings per share of $0.93, surpassing analysts' expectations, alongside a revenue of $1.37 billion, which was up 6.4% year-over-year.
• Analysts have given Veralto Corporation a consensus rating of "Moderate Buy", with an average price target of $113.43 and several firms issuing buy ratings recently.

BNP Paribas Financial Markets increased its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 999,292 shares of the company's stock after purchasing an additional 48,010 shares during the quarter. BNP Paribas Financial Markets owned 0.40% of Veralto worth $97,381,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bernard Wealth Management Corp. bought a new stake in shares of Veralto during the fourth quarter worth $30,000. Truvestments Capital LLC lifted its position in shares of Veralto by 148.5% during the first 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 bought a new stake in shares of Veralto during the first quarter worth $45,000. Grove Bank & Trust lifted its position in shares of Veralto by 198.2% during the first quarter. Grove Bank & Trust now owns 510 shares of the company's stock worth $50,000 after purchasing an additional 339 shares during the last quarter. Finally, Global Financial Private Client LLC lifted its position in shares of Veralto by 95.1% during the first quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock worth $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 0.6%

VLTO traded down $0.60 on Wednesday, hitting $104.68. The company had a trading volume of 448,913 shares, compared to its average volume of 1,342,576. The stock has a fifty day moving average price of $104.78 and a 200-day moving average price of $99.51. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $115.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. The stock has a market capitalization of $25.98 billion, a price-to-earnings ratio of 29.23, a P/E/G ratio of 3.53 and a beta of 0.91.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period last year, the business posted $0.85 earnings per share. The firm's 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 predict that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Analysts Set New Price Targets

VLTO has been the topic of a number of recent research reports. Royal Bank Of Canada increased their price target on Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price target on Veralto and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Robert W. Baird increased their price target on Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Raymond James Financial initiated coverage on Veralto in a research report on Tuesday, August 26th. They set a "market perform" rating on the stock. Finally, Northcoast Research initiated coverage on Veralto in a research report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Veralto currently has an average rating of "Moderate Buy" and a consensus price target of $113.43.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction dated 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 sale, the chief executive officer owned 106,219 shares of the company's stock, valued at $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.36% of the stock is owned by company 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.