Flputnam Investment Management Co. Buys 4,396 Shares of Veralto Corporation $VLTO

Key Points

• Flputnam Investment Management Co. increased its stake in Veralto Corporation by 3.1%, owning approximately 146,294 shares valued at $14.26 million as of its latest SEC filing.
• Analysts have a consensus rating of "Moderate Buy" for Veralto, with a consensus price target of $113.43, reflecting positive sentiment in the market.
• In the last quarter, Veralto reported earnings of $0.93 EPS, exceeding estimates, while its quarterly revenue grew 6.4% year-over-year to reach $1.37 billion.

Flputnam Investment Management Co. increased its stake in Veralto Corporation (NYSE:VLTO - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,294 shares of the company's stock after purchasing an additional 4,396 shares during the period. Flputnam Investment Management Co. owned approximately 0.06% of Veralto worth $14,256,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Veralto by 1.3% in the first quarter. Vanguard Group Inc. now owns 29,737,470 shares of the company's stock worth $2,897,916,000 after purchasing an additional 390,285 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Veralto by 8.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company's stock worth $1,027,264,000 after purchasing an additional 811,843 shares during the last quarter. Invesco Ltd. raised its position in shares of Veralto by 6.9% in the 1st quarter. Invesco Ltd. now owns 4,856,071 shares of the company's stock worth $473,224,000 after purchasing an additional 314,704 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Veralto by 13.6% in the 1st 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 during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Veralto by 26.8% in the 1st 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 during the last quarter. 91.28% of the stock is currently owned by institutional investors.

Insider Transactions at Veralto

In related news, SVP Surekha Trivedi sold 848 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $100.55, for a total transaction of $85,266.40. Following the transaction, the senior vice president owned 8,433 shares of the company's stock, valued at approximately $847,938.15. This represents a 9.14% decrease in their position. The transaction 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.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stifel Nicolaus set a $120.00 price target on Veralto and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Raymond James Financial began coverage on shares of Veralto in a report on Tuesday, August 26th. They issued a "market perform" rating for the company. Robert W. Baird boosted their target price on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Finally, Northcoast Research began coverage on Veralto in a research report on Tuesday, May 6th. They set a "buy" rating and a $110.00 target price on the stock. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Veralto has a consensus rating of "Moderate Buy" and a consensus price target of $113.43.

Veralto Price Performance

Shares of NYSE VLTO opened at $106.17 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. The company has a market cap of $26.35 billion, a PE ratio of 29.66, a P/E/G ratio of 3.50 and a beta of 0.91. The business has a 50-day simple moving average of $104.53 and a two-hundred day simple moving average of $99.41. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $115.00.

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

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 instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.