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

Several other institutional investors and hedge funds have also modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Veralto in the 1st quarter valued at $1,189,000. USS Investment Management Ltd lifted its position in Veralto by 5.6% during the 1st quarter. USS Investment Management Ltd now owns 25,827 shares of the company's stock worth $2,516,000 after acquiring an additional 1,362 shares during the last quarter. UniSuper Management Pty Ltd lifted its position in Veralto by 5.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 27,661 shares of the company's stock worth $2,696,000 after acquiring an additional 1,486 shares during the last quarter. Scientech Research LLC acquired a new position in Veralto during the 1st quarter worth $664,000. Finally, Nissay Asset Management Corp Japan ADV lifted its position in Veralto by 1.2% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 31,146 shares of the company's stock worth $3,035,000 after acquiring an additional 383 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on VLTO. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Wolfe Research raised shares of Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada boosted their target price on shares of Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Robert W. Baird boosted their target price on shares of Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Finally, Raymond James Financial assumed coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a "market perform" rating for the company. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $113.43.

Veralto Price Performance

NYSE VLTO traded down $1.27 on Tuesday, reaching $106.53. The company's stock had a trading volume of 1,651,706 shares, compared to its average volume of 913,227. The firm has a market cap of $26.44 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 3.58 and a beta of 0.91. The business has a 50-day moving average price of $105.70 and a 200 day moving average price of $100.05. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $115.00. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00.

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

Insiders Place Their Bets

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the company's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $106.26, for a total value of $1,131,243.96. Following the sale, the chief executive officer owned 106,219 shares of the company's stock, valued at $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by insiders.

About Veralto

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.