Diamond Hill Capital Management LLC Investment Advisor Takes Position in Veralto Corporation $VLTO

Key Points

• Diamond Hill Capital Management acquired 401,374 Veralto shares worth approximately $35.6 million, while institutional investors collectively own 91.28% of the company.
• Veralto exceeded quarterly expectations, reporting $1.11 EPS versus the $1.01 consensus and $1.47 billion in revenue, up 7.5% year over year. The company reaffirmed fiscal 2026 EPS guidance of $4.35–$4.43.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $110.90, compared with the stock’s reported price of $97.53.

Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 401,374 shares of the company's stock, valued at approximately $35,594,000. Diamond Hill Capital Management LLC Investment Advisor owned about 0.16% of Veralto at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Veralto by 2.6% during the fourth quarter. State Street Corp now owns 10,720,184 shares of the company's stock valued at $1,071,035,000 after buying an additional 270,356 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Veralto by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 7,249,875 shares of the company's stock valued at $720,876,000 after acquiring an additional 126,814 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Veralto by 31.5% in the 1st quarter. First Trust Advisors LP now owns 6,150,388 shares of the company's stock valued at $543,817,000 after acquiring an additional 1,472,304 shares during the last quarter. Invesco Ltd. boosted its holdings in Veralto by 6.3% during the 4th quarter. Invesco Ltd. now owns 4,595,043 shares of the company's stock valued at $458,493,000 after acquiring an additional 272,036 shares during the period. Finally, Amundi boosted its holdings in Veralto by 16.3% during the 1st quarter. Amundi now owns 3,797,526 shares of the company's stock valued at $335,785,000 after acquiring an additional 531,478 shares during the period. Institutional investors own 91.28% of the company's stock.

Veralto Stock Performance

Veralto stock opened at $97.53 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $23.78 billion, a P/E ratio of 24.63, a PEG ratio of 2.65 and a beta of 0.60. The stock's 50 day moving average is $91.15 and its 200 day moving average is $90.49. Veralto Corporation has a twelve month low of $80.03 and a twelve month high of $110.11.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.10. Veralto had a return on equity of 34.76% and a net margin of 17.35%.The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. On average, equities research analysts predict that Veralto Corporation will post 4.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Citigroup lifted their price target on Veralto from $102.00 to $107.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. Wolfe Research restated an "outperform" rating and issued a $109.00 target price on shares of Veralto in a report on Thursday, July 9th. BNP Paribas Exane reaffirmed an "outperform" rating and issued a $120.00 target price (up from $115.00) on shares of Veralto in a research note on Thursday, July 30th. Robert W. Baird set a $111.00 target price on shares of Veralto in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada upped their price target on shares of Veralto from $100.00 to $109.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Veralto currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.90.

Insider Activity

In related news, CEO Jennifer Honeycutt sold 7,097 shares of the company's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $101.52, for a total value of $720,487.44. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by corporate insiders.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.

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