Magnetar Financial LLC Purchases New Holdings in Veralto Corporation $VLTO

Key Points

• Magnetar Financial LLC has invested approximately $3.77 million in Veralto Corporation, acquiring 38,719 shares as disclosed in its recent regulatory filing.
• Veralto Corporation received positive assessments from multiple analysts, with a consensus rating of "Moderate Buy" and an average price target of $113.43.
• The company reported earnings of $0.93 per share, surpassing analyst expectations and showing a 6.4% increase in revenue compared to the previous year.

Magnetar Financial LLC acquired a new stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 38,719 shares of the company's stock, valued at approximately $3,773,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bernard Wealth Management Corp. purchased a new position in Veralto in the 4th quarter worth $30,000. Truvestments Capital LLC raised its stake 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 acquiring an additional 196 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in Veralto in the 1st quarter worth $45,000. Grove Bank & Trust raised its stake 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 acquiring an additional 339 shares during the last quarter. Finally, Global Financial Private Client LLC raised its stake in Veralto by 95.1% in the 1st quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock worth $58,000 after acquiring an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Wall Street Analyst Weigh In

VLTO has been the subject of a number of research analyst reports. Robert W. Baird raised their target price on Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Raymond James Financial initiated coverage on Veralto in a research note 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 stock a "buy" rating in a research note on Wednesday, July 30th. Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada increased their price target on Veralto from $104.00 to $108.00 and gave the stock a "sector perform" 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $113.43.

Insiders Place Their Bets

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the firm'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 transaction, the chief executive officer directly owned 106,219 shares of the company's stock, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.36% of the company's stock.

Veralto Price Performance

Shares of NYSE:VLTO traded down $0.30 during trading on Wednesday, reaching $104.98. 533,911 shares of the company's stock traded hands, compared to its average volume of 1,342,705. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $115.00. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. The firm has a market cap of $26.05 billion, a PE ratio of 29.32, a P/E/G ratio of 3.53 and a beta of 0.91. The company has a 50-day simple moving average of $104.78 and a 200-day simple moving average of $99.51.

Veralto (NYSE:VLTO - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating 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 firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same period last year, the firm earned $0.85 EPS. The company'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. As a group, analysts predict that Veralto Corporation will post 3.66 earnings per share for the current year.

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.