Mirova Purchases 3,483 Shares of Veralto Corporation $VLTO

Key Points

• Mirova increased its stake in Veralto Corporation by 15.9% during Q1, owning 25,428 shares valued at approximately $2.48 million.
• Institutional investors hold a significant majority of Veralto's stock, at 91.28%, indicating strong market confidence in the company.
• Veralto's recent earnings report surpassed expectations with $0.93 EPS for the quarter, and the company raised its FY 2025 guidance.

Mirova boosted its position in Veralto Corporation (NYSE:VLTO - Free Report) by 15.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,428 shares of the company's stock after buying an additional 3,483 shares during the quarter. Mirova's holdings in Veralto were worth $2,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Bernard Wealth Management Corp. purchased a new stake in Veralto in the fourth quarter worth $30,000. Opal Wealth Advisors LLC purchased a new stake in Veralto in the first quarter worth $45,000. Grove Bank & Trust increased its position in Veralto by 198.2% in the first quarter. Grove Bank & Trust now owns 510 shares of the company's stock worth $50,000 after buying an additional 339 shares during the last quarter. Global Financial Private Client LLC increased its position in Veralto by 95.1% in the first quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock worth $58,000 after buying an additional 289 shares during the last quarter. Finally, Putney Financial Group LLC purchased a new position in shares of Veralto in the fourth quarter valued at $60,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Price Performance

Veralto stock traded up $0.30 during midday trading on Wednesday, hitting $107.41. 597,083 shares of the company's stock were exchanged, compared to its average volume of 1,122,092. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $115.00. The stock has a 50-day moving average price of $104.15 and a two-hundred day moving average price of $99.33. 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 company has a market cap of $26.65 billion, a P/E ratio of 28.79, a PEG ratio of 3.53 and a beta of 0.91.

Veralto (NYSE:VLTO - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The firm's 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. On average, equities research analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

Insider Transactions at Veralto

In other Veralto news, SVP Surekha Trivedi sold 848 shares of Veralto stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $100.55, for a total transaction of $85,266.40. Following the completion of the sale, the senior vice president owned 8,433 shares of the company's stock, valued at $847,938.15. The trade was a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

VLTO has been the subject of several recent research reports. Royal Bank Of Canada lifted their price target on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price target on Veralto and gave the company a "buy" rating in a research report on Wednesday, July 30th. Raymond James Financial initiated coverage on Veralto in a research report on Tuesday. They issued a "market perform" rating for the company. Northcoast Research initiated coverage on Veralto in a research report on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price target for the company. Finally, Robert W. Baird lifted their price target on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average 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.