Goldman Sachs Group Inc. Acquires 72,272 Shares of Veralto Corporation $VLTO

Key Points

• Goldman Sachs Group Inc. has increased its holdings in Veralto Corporation by 4.5%, acquiring an additional 72,272 shares, bringing its total to approximately 1.67 million shares valued at $162.8 million.
• Veralto reported strong earnings results, with a 6.4% increase in revenue year-over-year, achieving $1.37 billion and beating estimates by $0.03 per share.
• Brokerage analysts have a consensus target price of $113.43 for Veralto, indicating bullish sentiment with several upgrade ratings since July.

Goldman Sachs Group Inc. raised its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 4.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,670,959 shares of the company's stock after acquiring an additional 72,272 shares during the period. Goldman Sachs Group Inc. owned approximately 0.67% of Veralto worth $162,835,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in VLTO. Brighton Jones LLC increased its holdings in Veralto by 16.1% in the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company's stock valued at $352,000 after purchasing an additional 479 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Veralto by 2.1% during the 4th quarter. Ameriprise Financial Inc. now owns 172,976 shares of the company's stock worth $17,617,000 after buying an additional 3,495 shares during the period. Baird Financial Group Inc. increased its stake in shares of Veralto by 3.5% in the 4th quarter. Baird Financial Group Inc. now owns 12,373 shares of the company's stock valued at $1,260,000 after acquiring an additional 420 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Veralto by 6.0% in the 4th quarter. Cetera Investment Advisers now owns 54,334 shares of the company's stock valued at $5,534,000 after acquiring an additional 3,071 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Veralto in the 4th quarter valued at approximately $232,000. Institutional investors and hedge funds own 91.28% of the company's stock.

Veralto Stock Performance

VLTO opened at $106.00 on Thursday. The company has a market capitalization of $26.31 billion, a price-to-earnings ratio of 29.61, a P/E/G ratio of 3.49 and a beta of 0.91. The business's 50-day moving average price is $105.30 and its two-hundred day moving average price is $99.82. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $115.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06.

Veralto (NYSE:VLTO - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.93 earnings per share (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 business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm earned $0.85 EPS. Veralto's revenue for the quarter 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 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the 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 completion of the transaction, the chief executive officer owned 106,219 shares in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.36% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VLTO. Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price target on shares of Veralto and gave the company a "buy" rating in a report on Wednesday, July 30th. Royal Bank Of Canada upped their price objective on shares of Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. 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. Finally, Raymond James Financial started coverage on Veralto in a report on Tuesday, August 26th. They issued a "market perform" rating for the company. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Veralto presently has an average rating of "Moderate Buy" and a consensus target price of $113.43.

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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