Credit Agricole S A Sells 74,808 Shares of Veralto Corporation $VLTO

Key Points

• Credit Agricole S A reduced its stake in Veralto Corporation (NYSE:VLTO) by 43.1%, selling 74,808 shares and ending the quarter with 98,931 shares valued at approximately $9.6 million.
• Several institutional investors, including JPMorgan Chase & Co. and Northern Trust Corp, have increased their holdings in Veralto, indicating a strong interest in the company's stock.
• Veralto recently reported earnings of $0.93 per share, exceeding analysts' estimates, and projected FY 2025 guidance of 3.720-3.800 EPS.

Credit Agricole S A lowered its position in Veralto Corporation (NYSE:VLTO - Free Report) by 43.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,931 shares of the company's stock after selling 74,808 shares during the quarter. Credit Agricole S A's holdings in Veralto were worth $9,641,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VLTO. Nuveen LLC purchased a new stake in Veralto in the first quarter worth $172,399,000. BNP Paribas Financial Markets bought a new position in Veralto in the fourth quarter worth approximately $96,888,000. JPMorgan Chase & Co. increased its holdings in Veralto by 26.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company's stock worth $314,137,000 after purchasing an additional 682,123 shares during the period. Bank of New York Mellon Corp raised its position in Veralto by 13.6% during the 1st quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company's stock valued at $415,074,000 after purchasing an additional 509,104 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Veralto by 15.8% in the 4th quarter. Northern Trust Corp now owns 3,157,143 shares of the company's stock worth $321,555,000 after buying an additional 431,607 shares during the period. 91.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Veralto news, SVP Surekha Trivedi sold 848 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $100.55, for a total value of $85,266.40. Following the completion of the sale, the senior vice president directly owned 8,433 shares in the company, valued at approximately $847,938.15. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.36% of the company's stock.

Veralto Price Performance

Shares of VLTO opened at $108.3750 on Friday. The company has a 50 day moving average of $103.31 and a two-hundred day moving average of $99.07. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $115.00. The company has a market cap of $26.89 billion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 3.59 and a beta of 0.91.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.34 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. 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, analysts predict that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VLTO shares. Royal Bank Of Canada raised their price target on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Northcoast Research assumed coverage on shares of Veralto in a research report on Tuesday, May 6th. They set a "buy" rating and a $110.00 target price on the stock. Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Robert W. Baird boosted their price objective 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. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.

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