Veralto Corporation $VLTO Holdings Boosted by Ethic Inc.

Key Points

• Ethic Inc. increased its stake in Veralto Corporation by 8.6%, acquiring an additional 2,397 shares during the first quarter, bringing its total holdings to 30,156 shares valued at approximately $2.94 million.
• Institutional investors now own 91.28% of Veralto's stock, reflecting a solid backing from major financial entities.
• Veralto's stock recently opened at $107.14 and has seen a 1-year trading range between $83.86 and $115.00, with analysts forecasting an EPS of 3.66 for the current fiscal year.

Ethic Inc. grew its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 8.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,156 shares of the company's stock after buying an additional 2,397 shares during the period. Ethic Inc.'s holdings in Veralto were worth $2,944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in VLTO. First Trust Advisors LP raised its holdings in shares of Veralto by 222.3% during the fourth quarter. First Trust Advisors LP now owns 2,602,399 shares of the company's stock valued at $265,054,000 after buying an additional 1,794,992 shares during the last quarter. Nuveen LLC bought a new stake in shares of Veralto during the first quarter valued at approximately $172,399,000. BNP Paribas Financial Markets bought a new stake in Veralto during the fourth quarter worth approximately $96,888,000. JPMorgan Chase & Co. raised its holdings in Veralto by 26.8% during the first 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Veralto by 13.6% during 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 purchasing an additional 509,104 shares in the last quarter. Institutional investors own 91.28% of the company's stock.

Insider Transactions at Veralto

In other Veralto news, SVP Surekha Trivedi sold 848 shares of Veralto stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $100.55, for a total value of $85,266.40. Following the transaction, the senior vice president owned 8,433 shares in the company, valued at approximately $847,938.15. The trade was 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 this hyperlink. Company insiders own 0.36% of the company's stock.

Veralto Price Performance

Veralto stock traded up $0.6150 during mid-day trading on Friday, hitting $109.0850. The company's stock had a trading volume of 1,108,497 shares, compared to its average volume of 1,247,016. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $27.07 billion, a P/E ratio of 30.47, a P/E/G ratio of 3.60 and a beta of 0.91. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $115.00. The stock's fifty day moving average price is $103.55 and its two-hundred day moving average price is $99.15.

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

Analyst Upgrades and Downgrades

VLTO has been the topic of several recent analyst reports. Stifel Nicolaus set a $120.00 target price on Veralto and gave the stock a "buy" rating in a report on Wednesday, July 30th. Northcoast Research initiated coverage on Veralto in a report on Tuesday, May 6th. They set a "buy" rating and a $110.00 target price on the stock. Royal Bank Of Canada boosted their target price on Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Finally, Robert W. Baird boosted their target price on Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Veralto has an average rating of "Moderate Buy" and an average 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.