Corient Private Wealth LP Grows Position in Veralto Corporation $VLTO

Corient Private Wealth LP lifted its holdings in Veralto Corporation (NYSE:VLTO - Free Report) by 53.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,865 shares of the company's stock after buying an additional 62,907 shares during the period. Corient Private Wealth LP owned approximately 0.07% of Veralto worth $15,951,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Veralto by 82.2% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company's stock valued at $29,000 after purchasing an additional 129 shares during the last quarter. Highland Investment Advisors LLC acquired a new position in shares of Veralto during the 2nd quarter valued at about $32,000. Elyxium Wealth LLC purchased a new stake in shares of Veralto in the fourth quarter valued at about $37,000. Hantz Financial Services Inc. grew its holdings in shares of Veralto by 175.1% in the fourth quarter. Hantz Financial Services Inc. now owns 597 shares of the company's stock valued at $60,000 after purchasing an additional 380 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in Veralto during the first quarter worth about $66,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Surekha Trivedi sold 986 shares of the business's 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 transaction, the senior vice president directly owned 8,565 shares of the company's stock, valued at approximately $831,233.25. The trade was a 10.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 that occurred on Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total transaction of $720,487.44. Following the sale, the chief executive officer owned 124,085 shares in the company, valued at $12,597,109.20. The trade was a 5.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,180 shares of company stock valued at $1,490,394 in the last quarter. Company insiders own 0.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wolfe Research reaffirmed an "outperform" rating and set a $125.00 target price on shares of Veralto in a research note on Tuesday. UBS Group increased their price target on shares of Veralto from $98.00 to $104.00 and gave the company a "neutral" rating in a research note on Thursday, July 30th. Stifel Nicolaus raised their price target on shares of Veralto from $111.00 to $114.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Royal Bank Of Canada lifted their price target on shares of Veralto from $100.00 to $109.00 and gave the company a "sector perform" rating in a research report on Thursday, July 30th. Finally, Robert W. Baird set a $111.00 price objective on Veralto in a report on Thursday, July 30th. Six research 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.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $112.50.

Veralto Stock Down 0.9%

Veralto stock opened at $95.44 on Wednesday. Veralto Corporation has a fifty-two week low of $80.03 and a fifty-two week high of $108.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.61 and a current ratio of 1.78. The firm has a 50 day moving average price of $95.78 and a 200 day moving average price of $90.90. The company has a market capitalization of $23.27 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 2.73 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.10. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. Veralto had a return on equity of 34.76% and a net margin of 17.35%.Veralto'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. Research analysts expect that Veralto Corporation will post 4.41 earnings per share for the current year.

Veralto 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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