Corient IA LLC Takes $292,000 Position in Veralto Corporation $VLTO

Key Points

• Corient IA LLC acquired a new stake in Veralto Corporation, purchasing 3,000 shares worth approximately $292,000.
• Wolfe Research upgraded Veralto's rating from "hold" to "strong-buy", while the average price target for the stock is now $113.43.
• Veralto recently reported earnings of $0.93 per share, surpassing analysts' expectations, with a 6.4% increase in quarterly revenue year-over-year.

Corient IA LLC bought a new position in shares of Veralto Corporation (NYSE:VLTO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,000 shares of the company's stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First Trust Advisors LP boosted its holdings in Veralto by 222.3% in the 4th quarter. First Trust Advisors LP now owns 2,602,399 shares of the company's stock worth $265,054,000 after acquiring an additional 1,794,992 shares during the period. Nuveen LLC purchased a new position in Veralto in the 1st quarter worth approximately $172,399,000. BNP Paribas Financial Markets purchased a new position in Veralto in the 4th quarter worth approximately $96,888,000. JPMorgan Chase & Co. boosted its holdings in Veralto by 26.8% in 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 period. Finally, Bank of New York Mellon Corp boosted its holdings in Veralto by 13.6% in 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 during the period. Institutional investors and hedge funds own 91.28% of the company's stock.

Insiders Place Their Bets

In other Veralto news, SVP Surekha Trivedi sold 848 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $100.55, for a total value of $85,266.40. Following the sale, the senior vice president directly owned 8,433 shares of the company's stock, valued at $847,938.15. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is owned by corporate insiders.

Veralto Stock Performance

Shares of VLTO stock traded up $0.6150 on Friday, hitting $109.0850. 1,105,759 shares of the stock traded hands, compared to its average volume of 1,368,611. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The company has a market capitalization of $27.07 billion, a PE ratio of 30.47, a PEG ratio of 3.59 and a beta of 0.91. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $115.00. The company's fifty day moving average is $103.31 and its 200 day moving average is $99.07.

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

Analysts Set New Price Targets

A number of research firms have weighed in on VLTO. Stifel Nicolaus set a $120.00 price target on Veralto and gave the stock a "buy" rating in a report on Wednesday, July 30th. Northcoast Research initiated coverage on Veralto in a research note on Tuesday, May 6th. They set a "buy" rating and a $110.00 target price for the company. Royal Bank Of Canada increased their target price on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Robert W. Baird increased their target price on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Finally, Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $113.43.

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.