Intech Investment Management LLC Sells 45,100 Shares of Veralto Corporation $VLTO

Key Points

• Intech Investment Management LLC sold 45,100 shares of Veralto Corporation, decreasing its holdings by 11.9%, leaving it with 333,332 shares valued at approximately $32.48 million.
• CEO Jennifer Honeycutt sold 10,646 shares at an average price of $106.26, resulting in a total transaction of over $1.13 million, which decreased her ownership by 9.11%.
• Research analysts are optimistic about Veralto, with a consensus rating of "Moderate Buy" and an average price target of $113.43, following upgrades from Wolfe Research and Stifel Nicolaus.

Intech Investment Management LLC lowered its position in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 11.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 333,332 shares of the company's stock after selling 45,100 shares during the quarter. Intech Investment Management LLC owned approximately 0.13% of Veralto worth $32,483,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VLTO. Bernard Wealth Management Corp. bought a new stake in Veralto in the fourth quarter valued at about $30,000. Truvestments Capital LLC increased its holdings in Veralto by 148.5% in the first quarter. Truvestments Capital LLC now owns 328 shares of the company's stock valued at $32,000 after purchasing an additional 196 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in Veralto in the first quarter valued at about $45,000. Grove Bank & Trust increased 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. Finally, Global Financial Private Client LLC increased 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. Institutional investors own 91.28% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VLTO shares. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a 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 report on Wednesday, July 30th. Raymond James Financial began coverage on Veralto in a report on Tuesday, August 26th. They issued a "market perform" rating for the company. Stifel Nicolaus set a $120.00 target price on Veralto and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, 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 note on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $113.43.

Veralto Trading Down 0.6%

NYSE:VLTO traded down $0.62 on Monday, reaching $108.41. The company's stock had a trading volume of 481,179 shares, compared to its average volume of 1,328,454. 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 quick ratio of 2.06 and a current ratio of 2.32. The firm has a market cap of $26.90 billion, a PE ratio of 30.30, a PEG ratio of 3.62 and a beta of 0.91. The business's 50-day moving average price is $105.52 and its two-hundred day moving average price is $99.95.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $0.85 earnings per share. Veralto'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. Equities research analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer owned 106,219 shares in the company, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.36% of the company's stock.

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.