California State Teachers Retirement System Reduces Stake in Veralto Corporation $VLTO

California State Teachers Retirement System cut its position in Veralto Corporation (NYSE:VLTO - Free Report) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 379,390 shares of the company's stock after selling 28,167 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Veralto worth $33,644,305 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Veralto by 82.2% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company's stock worth $29,000 after acquiring an additional 129 shares during the last quarter. Highland Investment Advisors LLC bought a new position in shares of Veralto during the second quarter worth $32,000. Elyxium Wealth LLC bought a new position in Veralto in the fourth quarter valued at approximately $37,000. Hantz Financial Services Inc. increased its holdings in shares of Veralto by 175.1% during the fourth quarter. Hantz Financial Services Inc. now owns 597 shares of the company's stock worth $60,000 after purchasing an additional 380 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Veralto during the first quarter valued at $66,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on VLTO shares. Wolfe Research reaffirmed an "outperform" rating and set a $125.00 price objective on shares of Veralto in a research note on Tuesday. Robert W. Baird set a $111.00 price target on shares of Veralto in a research report on Thursday, July 30th. Barclays lifted their price target on Veralto from $113.00 to $117.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Veralto in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada upped their target price on Veralto from $100.00 to $109.00 and gave the company a "sector perform" rating in a research note on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $112.50.

Insiders Place Their Bets

In other Veralto news, SVP Surekha Trivedi sold 986 shares of Veralto 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 of the company's stock, valued at $831,233.25. The trade was a 10.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 company's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $101.52, for a total value of $720,487.44. Following the completion of the sale, the chief executive officer owned 124,085 shares in the company, valued at $12,597,109.20. This represents 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 90 days, insiders have sold 15,180 shares of company stock valued at $1,490,394. 0.43% of the stock is owned by company insiders.

Veralto Stock Performance

Shares of VLTO stock traded down $0.03 during trading on Tuesday, reaching $96.27. 401,251 shares of the company's stock were exchanged, compared to its average volume of 1,978,294. The firm's fifty day moving average price is $95.73 and its 200-day moving average price is $90.89. Veralto Corporation has a twelve month low of $80.03 and a twelve month high of $108.59. The company has a quick ratio of 1.61, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $23.47 billion, a PE ratio of 24.33, a PEG ratio of 2.67 and a beta of 0.60.

Veralto (NYSE:VLTO - Get Free Report) last posted its 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 company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. Veralto had a net margin of 17.35% and a return on equity of 34.76%. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $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. As a group, sell-side analysts anticipate that Veralto Corporation will post 4.41 EPS for the current year.

About Veralto

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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