Intech Investment Management LLC Lowers Stock Holdings in 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 decreased its holdings in Veralto Corporation (NYSE:VLTO - Free Report) by 11.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 333,332 shares of the company's stock after selling 45,100 shares during the quarter. Intech Investment Management LLC owned 0.13% of Veralto worth $32,483,000 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 position in Veralto in the 4th quarter worth about $30,000. Truvestments Capital LLC raised its holdings in Veralto by 148.5% in the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company's stock worth $32,000 after purchasing an additional 196 shares during the period. Opal Wealth Advisors LLC acquired a new position in Veralto in the 1st quarter worth about $45,000. Grove Bank & Trust raised its holdings in Veralto by 198.2% in the 1st quarter. Grove Bank & Trust now owns 510 shares of the company's stock worth $50,000 after purchasing an additional 339 shares during the period. Finally, Global Financial Private Client LLC raised its holdings in shares of Veralto by 95.1% during the first quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock valued at $58,000 after acquiring an additional 289 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Insiders Place Their Bets

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the 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 completion of the transaction, the chief executive officer directly 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

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

Veralto Price Performance

Shares of VLTO stock traded down $0.09 during trading hours on Friday, reaching $109.02. The company had a trading volume of 1,253,217 shares, compared to its average volume of 877,373. 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 stock has a fifty day moving average of $105.52 and a 200-day moving average of $99.94. The company has a market capitalization of $27.05 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 3.62 and a beta of 0.91. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business 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. On average, equities analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current 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.