MBB Public Markets I LLC Buys Shares of 3,234 Veralto Corporation $VLTO

Key Points

• MBB Public Markets I LLC invested $315,000 in Veralto Corporation, acquiring a new stake of 3,234 shares during the first quarter.
• Veralto reported earnings of $0.93 per share, exceeding the consensus estimate of $0.89, with revenues of $1.37 billion for the quarter.
• Research analysts have given Veralto a consensus rating of "Moderate Buy", with an average target price of $113.43 based on recent evaluations.

MBB Public Markets I LLC acquired a new position in shares of Veralto Corporation (NYSE:VLTO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,234 shares of the company's stock, valued at approximately $315,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Veralto by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 29,737,470 shares of the company's stock worth $2,897,916,000 after buying an additional 390,285 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Veralto by 8.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company's stock worth $1,027,264,000 after acquiring an additional 811,843 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Veralto by 28.0% during the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company's stock worth $607,656,000 after acquiring an additional 1,363,502 shares during the last quarter. Invesco Ltd. raised its position in shares of Veralto by 6.9% during the first quarter. Invesco Ltd. now owns 4,856,071 shares of the company's stock worth $473,224,000 after acquiring an additional 314,704 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Veralto by 13.6% during the first quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company's stock worth $415,074,000 after acquiring an additional 509,104 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the completion of the transaction, the chief executive officer owned 106,219 shares in the company, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.36% of the company's stock.

Veralto Stock Performance

NYSE VLTO traded down $0.63 on Monday, hitting $108.41. 415,274 shares of the company traded hands, compared to its average volume of 1,327,843. Veralto Corporation has a 52-week low of $83.86 and a 52-week 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. The business's 50 day moving average price is $105.52 and its 200-day moving average price is $99.95. The company has a market capitalization of $26.90 billion, a price-to-earnings ratio of 30.30, a P/E/G ratio of 3.62 and a beta of 0.91.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share (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 business 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 company's quarterly revenue 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. Equities analysts expect that Veralto Corporation will post 3.66 earnings per share for the current year.

About Veralto

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.