Family Legacy Financial Solutions LLC Purchases Shares of 11,324 Veralto Corporation $VLTO

Key Points

• Family Legacy Financial Solutions LLC has acquired 11,324 shares of Veralto Corporation, valued at approximately $1,143,000, making it the firm's 23rd largest position.
• Analysts have upgraded Veralto to a "strong-buy" rating, with a consensus price target of $113.43 following positive quarterly earnings that surpassed estimates.
• Insider activity included CEO Jennifer Honeycutt selling 10,646 shares at an average price of $106.26, leading to a 9.11% decrease in her ownership of the company's stock.

Family Legacy Financial Solutions LLC purchased a new stake in Veralto Corporation (NYSE:VLTO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,324 shares of the company's stock, valued at approximately $1,143,000. Veralto makes up about 1.0% of Family Legacy Financial Solutions LLC's portfolio, making the stock its 23rd largest position.

Several other large investors have also recently added to or reduced their stakes in VLTO. Brighton Jones LLC raised its holdings in shares of Veralto by 16.1% in the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company's stock worth $352,000 after buying an additional 479 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Veralto by 4.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,641 shares of the company's stock worth $2,510,000 after buying an additional 1,111 shares in the last quarter. State of Wyoming increased its holdings in Veralto by 181.1% during the 4th quarter. State of Wyoming now owns 3,562 shares of the company's stock valued at $363,000 after purchasing an additional 2,295 shares in the last quarter. Tidal Investments LLC increased its holdings in Veralto by 108.4% during the 4th quarter. Tidal Investments LLC now owns 34,464 shares of the company's stock valued at $3,510,000 after purchasing an additional 17,930 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Veralto by 18.6% during the 4th quarter. Two Sigma Advisers LP now owns 24,266 shares of the company's stock valued at $2,471,000 after purchasing an additional 3,799 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on VLTO. Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Raymond James Financial assumed coverage on Veralto in a report on Tuesday, August 26th. They set a "market perform" rating on the stock. Royal Bank Of Canada lifted 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. Stifel Nicolaus set a $120.00 target price on Veralto and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Robert W. Baird lifted 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 equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $113.43.

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the completion of the transaction, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.36% of the company's stock.

Veralto Stock Up 0.3%

NYSE VLTO opened at $106.88 on Thursday. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $115.00. The stock has a market capitalization of $26.52 billion, a PE ratio of 29.85, a PEG ratio of 3.54 and a beta of 0.91. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The business has a fifty day moving average price of $105.79 and a two-hundred day moving average price of $100.10.

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

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.

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