MBB Public Markets I LLC Purchases New Stake in 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 purchased a new position in shares of Veralto Corporation (NYSE:VLTO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,234 shares of the company's stock, valued at approximately $315,000.

Other institutional investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC increased its position in Veralto by 11.5% during the first quarter. Park Avenue Securities LLC now owns 19,213 shares of the company's stock worth $1,872,000 after buying an additional 1,985 shares during the period. Royal Bank of Canada increased its position in Veralto by 13.1% during the first quarter. Royal Bank of Canada now owns 1,177,453 shares of the company's stock worth $114,741,000 after buying an additional 136,708 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Veralto by 1.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock worth $856,000 after buying an additional 113 shares during the period. Allspring Global Investments Holdings LLC increased its position in Veralto by 9.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 26,833 shares of the company's stock worth $2,619,000 after buying an additional 2,313 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Veralto by 3.0% during the first quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company's stock worth $1,417,000 after buying an additional 429 shares during the period. Institutional investors and hedge funds own 91.28% of the company's stock.

Veralto Stock Performance

Shares of NYSE:VLTO traded down $0.09 during trading 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 firm has a market capitalization of $27.05 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 3.62 and a beta of 0.91. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The stock's fifty day moving average price is $105.52 and its 200 day moving average price is $99.94. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share 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 the consensus estimate of $1.34 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The company's revenue for the quarter 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. As a group, equities research analysts predict that Veralto Corporation will post 3.66 EPS for the current year.

Insider Buying and Selling at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto 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 directly owned 106,219 shares in the company, valued at $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on VLTO shares. Robert W. Baird lifted their price target on Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada boosted 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. Stifel Nicolaus set a $120.00 target price on Veralto and gave the company a "buy" 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. Finally, Raymond James Financial started coverage on Veralto in a report on Tuesday, August 26th. They issued a "market perform" rating on the stock. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $113.43.

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.