California State Teachers Retirement System Buys 33,236,748 Shares of Veralto Corporation $VLTO

California State Teachers Retirement System boosted its stake in Veralto Corporation (NYSE:VLTO - Free Report) by 8,155.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,644,305 shares of the company's stock after purchasing an additional 33,236,748 shares during the quarter. California State Teachers Retirement System owned about 13.80% of Veralto worth $2,983,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of VLTO. Saudi Central Bank grew its stake in Veralto by 87.6% in the 2nd quarter. Saudi Central Bank now owns 17,189 shares of the company's stock worth $1,524,000 after buying an additional 8,024 shares in the last quarter. AlphaGrep UK Ltd purchased a new stake in shares of Veralto during the 2nd quarter valued at $529,000. Highland Investment Advisors LLC purchased a new stake in shares of Veralto during the 2nd quarter valued at $32,000. Syon Capital LLC lifted its holdings in shares of Veralto by 4.4% during the 2nd quarter. Syon Capital LLC now owns 4,617 shares of the company's stock worth $409,000 after acquiring an additional 194 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of Veralto by 193.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,944 shares of the company's stock worth $628,000 after acquiring an additional 4,574 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

VLTO has been the topic of a number of research analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Veralto in a research note on Wednesday, June 24th. UBS Group lifted their price target on Veralto from $98.00 to $104.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. BNP Paribas Exane reiterated an "outperform" rating and issued a $120.00 price objective (up from $115.00) on shares of Veralto in a report on Thursday, July 30th. Stifel Nicolaus upped their price objective on Veralto from $111.00 to $114.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Finally, Robert W. Baird set a $111.00 price objective on Veralto in a research report on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Veralto currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.90.

Insider Transactions at Veralto

In related news, SVP Surekha Trivedi sold 986 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $97.05, for a total transaction of $95,691.30. Following the completion of the sale, the senior vice president directly owned 8,565 shares in the company, valued at $831,233.25. This represents a 10.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jennifer Honeycutt sold 7,097 shares of the firm's 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 transaction, the chief executive officer owned 124,085 shares in the company, valued at approximately $12,597,109.20. The trade was a 5.41% 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. In the last three months, insiders sold 15,180 shares of company stock valued at $1,490,394. 0.43% of the stock is currently owned by corporate insiders.

Veralto Trading Down 1.3%

Shares of VLTO opened at $93.50 on Friday. The firm has a market cap of $22.79 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 2.69 and a beta of 0.60. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.61 and a current ratio of 1.78. Veralto Corporation has a fifty-two week low of $80.03 and a fifty-two week high of $109.86. The firm has a 50 day moving average price of $95.62 and a 200-day moving average price of $90.86.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.10. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.45 billion. Veralto had a net margin of 17.35% and a return on equity of 34.76%. The firm's revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 EPS. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. As a group, equities research analysts forecast that Veralto Corporation will post 4.41 earnings per share for the current year.

Veralto Company Profile

Veralto Corporation NYSE: VLTO is a global provider of technology, equipment, software and services focused on water quality and product quality. The company serves municipal, industrial, commercial and consumer markets, helping customers monitor and manage water systems while improving the production, packaging and identification of products.

Veralto operates through two primary segments. Its Water Quality businesses provide water analytics, testing and monitoring systems, treatment technologies, flow measurement equipment and related software and services.

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