Hsbc Holdings PLC Grows Position in Veralto Corporation $VLTO

Key Points

• Hsbc Holdings PLC increased its stake in Veralto Corporation by 1.8%, owning a total of 1,165,797 shares valued at approximately $113.36 million.
• Research analysts have a consensus rating of "Moderate Buy" for Veralto, with price targets up to $120.00, reflecting strong investor sentiment.
• Veralto's recent earnings report showed a net margin of 16.65% and revenue of $1.37 billion, beating analyst expectations, signaling robust financial health.

Hsbc Holdings PLC raised its position in Veralto Corporation (NYSE:VLTO - Free Report) by 1.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,165,797 shares of the company's stock after purchasing an additional 20,486 shares during the period. Hsbc Holdings PLC owned about 0.47% of Veralto worth $113,364,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bernard Wealth Management Corp. acquired a new stake in Veralto in the fourth quarter valued at $30,000. Opal Wealth Advisors LLC acquired a new stake in Veralto in the first quarter valued at $45,000. Grove Bank & Trust grew its holdings in Veralto by 198.2% in the first quarter. Grove Bank & Trust now owns 510 shares of the company's stock valued at $50,000 after purchasing an additional 339 shares during the last quarter. Global Financial Private Client LLC grew its holdings in Veralto by 95.1% in the first quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock valued at $58,000 after purchasing an additional 289 shares during the last quarter. Finally, Putney Financial Group LLC acquired a new stake in Veralto in the fourth quarter valued at $60,000. Institutional investors and hedge funds own 91.28% of the company's stock.

Insiders Place Their Bets

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 directly owned 8,433 shares in the company, valued at approximately $847,938.15. This represents 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.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VLTO. Stifel Nicolaus set a $120.00 target price on Veralto and gave the company a "buy" rating in a report on Wednesday, July 30th. Northcoast Research started coverage on Veralto in a report on Tuesday, May 6th. They issued a "buy" rating and a $110.00 target price on the stock. Robert W. Baird upped their price objective on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada upped their price objective on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Finally, Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Veralto has a consensus rating of "Moderate Buy" and a consensus price target of $113.43.

Veralto Trading Down 0.5%

NYSE VLTO traded down $0.51 during trading hours on Tuesday, hitting $106.64. 129,141 shares of the company's stock were exchanged, compared to its average volume of 1,358,205. The business's 50 day moving average is $103.74 and its 200-day moving average is $99.22. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $115.00. The firm has a market capitalization of $26.46 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 3.60 and a beta of 0.91. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32.

Veralto (NYSE:VLTO - Get Free Report) last released its 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 firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The firm'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. As a group, analysts anticipate that Veralto Corporation will post 3.66 EPS 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.