Liontrust Investment Partners LLP Sells 74,928 Shares of Veralto Corporation $VLTO

Key Points

• Liontrust Investment Partners LLP has reduced its stake in Veralto Corporation by 5.4%, selling 74,928 shares, leaving it with approximately 1.31 million shares which represent 2.0% of its investment portfolio.
• Veralto has seen significant interest from institutional investors, with 91.28% of its stock owned by them, and various firms adjusting their investments, including some new stakes bought in recent quarters.
• Equities analysts have recently raised their price targets for Veralto, with a consensus rating of "Moderate Buy" and an average target price of $113.43, reflecting positive sentiment around the company’s performance.

Liontrust Investment Partners LLP trimmed its stake in Veralto Corporation (NYSE:VLTO - Free Report) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,312,404 shares of the company's stock after selling 74,928 shares during the quarter. Veralto makes up 2.0% of Liontrust Investment Partners LLP's holdings, making the stock its 12th biggest position. Liontrust Investment Partners LLP owned approximately 0.53% of Veralto worth $127,894,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Baldwin Investment Management LLC lifted its stake in shares of Veralto by 3.4% during the 1st quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company's stock valued at $314,000 after buying an additional 106 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in Veralto by 1.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 6,405 shares of the company's stock worth $652,000 after purchasing an additional 110 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Veralto by 1.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock worth $856,000 after purchasing an additional 113 shares in the last quarter. Phoenix Financial Ltd. lifted its stake in Veralto by 2.9% in the 1st quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company's stock worth $454,000 after purchasing an additional 132 shares in the last quarter. Finally, Argent Trust Co lifted its stake in Veralto by 1.8% in the 1st quarter. Argent Trust Co now owns 8,096 shares of the company's stock worth $789,000 after purchasing an additional 140 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Price Performance

Shares of NYSE:VLTO traded up $0.7050 during trading on Wednesday, reaching $108.8050. The company had a trading volume of 297,202 shares, compared to its average volume of 1,370,618. The company has a fifty day moving average of $102.91 and a two-hundred day moving average of $98.96. The stock has a market capitalization of $27.00 billion, a P/E ratio of 30.38, a price-to-earnings-growth ratio of 3.52 and a beta of 0.91. Veralto Corporation has a 12 month low of $83.86 and a 12 month 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 issued its quarterly earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. 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 forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

Insider Activity at Veralto

In related news, SVP Surekha Trivedi sold 848 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $100.55, for a total transaction of $85,266.40. Following the transaction, the senior vice president owned 8,433 shares of the company's stock, valued at approximately $847,938.15. This trade represents a 9.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.36% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on VLTO shares. Robert W. Baird increased their target price on shares of Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Northcoast Research started coverage on shares of Veralto in a research note on Tuesday, May 6th. They issued a "buy" rating and a $110.00 target price on the stock. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada increased their target price on shares of Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Finally, Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.