Curi RMB Capital LLC Has $448,000 Stock Holdings 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 cut its position in Veralto Corporation (NYSE:VLTO - Free Report) by 35.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VLTO. Nuveen LLC acquired a new position in Veralto in the first quarter valued at about $172,399,000. Alliancebernstein L.P. boosted its position in Veralto by 28.0% in the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company's stock valued at $607,656,000 after buying an additional 1,363,502 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Veralto by 8.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company's stock valued at $1,027,264,000 after buying an additional 811,843 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Veralto by 26.8% in the first 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 last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Veralto by 13.6% in the first 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 last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Trading Down 1.7%

Shares of VLTO traded down $1.84 on Tuesday, reaching $105.06. 866,011 shares of the company's stock were exchanged, compared to its average volume of 890,530. 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 stock has a market capitalization of $26.07 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 3.55 and a beta of 0.91. The business has a 50 day moving average price of $105.24 and a two-hundred day moving average price of $99.78. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $115.00.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Robert W. Baird boosted 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. Raymond James Financial assumed coverage on shares of Veralto in a research note on Tuesday, August 26th. They issued a "market perform" rating for the company. 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. Finally, Royal Bank Of Canada boosted 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. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Veralto currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.43.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction on 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 directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.