Curi RMB Capital LLC Lowers Stock Position in Veralto Corporation $VLTO

Key Points

• Curi RMB Capital LLC reduced its stake in Veralto Corporation by 35.8% during the first quarter, now holding 4,590 shares worth $448,000.
• Various institutional investors have increased their stakes in Veralto, with notable raises from Brighton Jones LLC, Ameriprise Financial Inc., and Baird Financial Group Inc. in the fourth quarter.
• Veralto's most recent earnings report showed an earnings per share (EPS) of $0.93, surpassing the consensus estimate by $0.04, and the company has set future EPS guidance between 3.720-3.800 for FY 2025.

Curi RMB Capital LLC lowered its holdings in Veralto Corporation (NYSE:VLTO - Free Report) by 35.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,590 shares of the company's stock after selling 2,554 shares during the period. Curi RMB Capital LLC's holdings in Veralto were worth $448,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Bernard Wealth Management Corp. purchased a new position in Veralto in the 4th quarter valued at approximately $30,000. Truvestments Capital LLC increased its position in shares of Veralto by 148.5% during the first 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 acquired a new stake in shares of Veralto in the first quarter valued at $45,000. Grove Bank & Trust boosted its holdings in Veralto by 198.2% in the first quarter. Grove Bank & Trust now owns 510 shares of the company's stock valued at $50,000 after purchasing an additional 339 shares during the period. Finally, Global Financial Private Client LLC grew its stake in Veralto by 95.1% during the 1st quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock worth $58,000 after purchasing an additional 289 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Robert W. Baird increased their price target on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Wolfe Research upgraded 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 price target on shares of Veralto and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Raymond James Financial assumed coverage on shares of Veralto in a report on Tuesday, August 26th. They set a "market perform" rating for the company. Finally, Royal Bank Of Canada raised their price objective on shares of Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Veralto has a consensus rating of "Moderate Buy" and a consensus target price of $113.43.

Veralto Stock Down 0.1%

VLTO stock traded down $0.09 during midday trading on Friday, reaching $109.02. 1,253,217 shares of the company were exchanged, compared to its average volume of 877,373. The company has a market cap of $27.05 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 3.62 and a beta of 0.91. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $115.00. The stock's 50-day simple moving average is $105.52 and its 200 day simple moving average is $99.94.

Veralto (NYSE:VLTO - Get Free Report) last issued its 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 net margin of 16.65% and a return on equity of 41.45%. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The company's revenue for the quarter 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. On average, equities analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

Insider Activity

In other news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $106.26, for a total transaction 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. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.36% of the company's stock.

Veralto 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.