CW Advisors LLC Buys New Shares in Veralto Corporation $VLTO

Key Points

• CW Advisors LLC recently acquired a new position in Veralto Corporation, investing approximately $459,000 for 4,698 shares, according to their Form 13F filing.
• Several analysts upgraded their ratings for Veralto, with Wolfe Research moving it to a "strong-buy" and Northcoast Research setting a price target of $110.00.
• In its latest earnings report, Veralto Corporation reported $0.93 earnings per share, surpassing expectations and reflecting a revenue increase of 6.4% year-over-year.

CW Advisors LLC bought a new stake in Veralto Corporation (NYSE:VLTO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,698 shares of the company's stock, valued at approximately $459,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in Veralto by 2.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,088,456 shares of the company's stock valued at $106,071,000 after acquiring an additional 21,353 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake 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 acquiring an additional 811,843 shares during the last quarter. Humankind Investments LLC increased its stake in Veralto by 6.9% in the first quarter. Humankind Investments LLC now owns 5,693 shares of the company's stock valued at $555,000 after acquiring an additional 367 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of Veralto by 45.2% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 39,321 shares of the company's stock valued at $3,818,000 after buying an additional 12,238 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Veralto by 1.8% during the first quarter. Hsbc Holdings PLC now owns 1,165,797 shares of the company's stock valued at $113,364,000 after buying an additional 20,486 shares during the last quarter. Institutional investors own 91.28% of the company's stock.

Veralto Stock Performance

NYSE:VLTO traded down $0.94 during trading hours on Tuesday, reaching $105.25. The company had a trading volume of 887,681 shares, compared to its average volume of 893,130. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $115.00. The firm has a market cap of $26.12 billion, a price-to-earnings ratio of 29.40, a PEG ratio of 3.53 and a beta of 0.91. The firm's 50 day moving average price is $104.78 and its 200-day moving average price is $99.51.

Veralto (NYSE:VLTO - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.93 EPS 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%. The firm's revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. On average, analysts forecast that Veralto Corporation will post 3.66 EPS for the current year.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction on Friday, August 29th. The shares were sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the transaction, the chief executive officer owned 106,219 shares in the company, valued at $11,286,830.94. This trade represents a 9.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.36% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VLTO. Robert W. Baird raised their price objective on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price objective on Veralto and gave the company a "buy" rating in a research note on Wednesday, July 30th. Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada raised their price objective on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Finally, Northcoast Research started coverage on shares of Veralto in a report on Tuesday, May 6th. They set a "buy" rating and a $110.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.