Capital Asset Advisory Services LLC Invests $266,000 in Veralto Corporation $VLTO

Key Points

• Capital Asset Advisory Services LLC has made a new investment of approximately $266,000 in Veralto Corporation, acquiring 2,592 shares during the second quarter.
• Several analysts have upgraded Veralto's stock rating to a moderate buy, with a consensus price target increased to $113.43.
• Veralto reported a quarterly earnings per share of $0.93, surpassing analysts' expectations, and set guidance for FY 2025 EPS between $3.720 and $3.800.

Capital Asset Advisory Services LLC acquired a new position in shares of Veralto Corporation (NYSE:VLTO - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,592 shares of the company's stock, valued at approximately $266,000.

Other hedge funds have also modified their holdings of the company. Bernard Wealth Management Corp. purchased a new position in shares of Veralto during the 4th quarter worth approximately $30,000. Truvestments Capital LLC grew its stake in Veralto by 148.5% in the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company's stock worth $32,000 after acquiring an additional 196 shares during the period. Opal Wealth Advisors LLC purchased a new stake in Veralto in the 1st quarter worth approximately $45,000. Grove Bank & Trust grew its stake in Veralto by 198.2% in the 1st quarter. Grove Bank & Trust now owns 510 shares of the company's stock worth $50,000 after acquiring an additional 339 shares during the period. Finally, Global Financial Private Client LLC grew its stake in Veralto by 95.1% in the 1st quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock worth $58,000 after acquiring an additional 289 shares during the period. 91.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on VLTO shares. Wolfe Research raised shares of Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Robert W. Baird lifted their target price on shares of Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada lifted their target price on shares of Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Finally, Raymond James Financial assumed coverage on shares of Veralto in a report on Tuesday, August 26th. They issued a "market perform" rating on the stock. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $113.43.

Veralto Stock Performance

NYSE:VLTO opened at $109.02 on Monday. 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 has a market capitalization of $27.05 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 3.62 and a beta of 0.91. The firm's fifty day simple moving average is $105.52 and its 200 day simple moving average is $99.95. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.04. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business posted $0.85 EPS. The business's quarterly revenue was up 6.4% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. As a group, equities research analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the company's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $106.26, for a total value of $1,131,243.96. Following the sale, the chief executive officer owned 106,219 shares in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.36% of the company's stock.

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.

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