MGO One Seven LLC Makes New Investment in Veralto Corporation $VLTO

Key Points

• MGO One Seven LLC has acquired a new stake in Veralto Corporation, purchasing 3,376 shares valued at approximately $341,000 during the second quarter.
• Veralto's CEO, Jennifer Honeycutt, sold 10,646 shares for over $1.13 million, reducing their ownership by 9.11%.
• Analysts have given Veralto stock an average rating of "Moderate Buy" with a target price of $113.43, indicating positive growth expectations.

MGO One Seven LLC purchased a new stake in Veralto Corporation (NYSE:VLTO - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 3,376 shares of the company's stock, valued at approximately $341,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Baldwin Investment Management LLC lifted its stake in Veralto by 3.4% in 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. 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 valued at $856,000 after buying 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 valued at $454,000 after buying an additional 132 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Veralto by 3.6% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company's stock valued at $378,000 after buying an additional 134 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 valued at $789,000 after buying an additional 140 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the firm's stock in a transaction on 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 directly owned 106,219 shares in the company, valued at $11,286,830.94. This trade represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.36% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VLTO. Raymond James Financial initiated coverage on shares of Veralto in a research note on Tuesday, August 26th. They issued a "market perform" rating on the stock. Robert W. Baird raised 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. Barclays decreased their target price on shares of Veralto from $120.00 to $119.00 and set an "overweight" rating on the stock in a research note on Monday, October 6th. Weiss Ratings raised shares of Veralto from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, October 8th. Finally, 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. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $113.43.

Veralto Stock Up 1.0%

VLTO stock opened at $102.88 on Monday. The firm has a market cap of $25.53 billion, a PE ratio of 28.74, a PEG ratio of 3.39 and a beta of 0.90. 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 firm's 50 day moving average price is $106.06 and its 200-day moving average price is $101.16. Veralto Corporation has a one year low of $83.86 and a one year high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating the consensus estimate 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 previous year, the company 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. On average, equities research analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, September 30th. Veralto's dividend payout ratio (DPR) is 12.29%.

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.

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