National Pension Service Grows Stake in Veralto Corporation $VLTO

Key Points

• The National Pension Service increased its stake in Veralto Corporation by 18.6%, acquiring a total of 387,862 shares worth approximately $37.80 million.
• Veralto Corporation's stock has received positive ratings from analysts, with a consensus target price of $113.43 and several analysts giving a "buy" rating.
• For the last quarter, Veralto reported earnings of $0.93 per share, surpassing analysts' expectations and marking a 6.4% year-over-year revenue growth.

National Pension Service grew its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 18.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 387,862 shares of the company's stock after purchasing an additional 60,939 shares during the period. National Pension Service owned about 0.16% of Veralto worth $37,797,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in VLTO. Brighton Jones LLC boosted its position in shares of Veralto by 16.1% during the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company's stock worth $352,000 after acquiring an additional 479 shares in the last quarter. Advisory Services Network LLC bought a new position in Veralto in the 4th quarter valued at approximately $250,000. CreativeOne Wealth LLC lifted its stake in Veralto by 4.3% in the 4th quarter. CreativeOne Wealth LLC now owns 4,219 shares of the company's stock valued at $430,000 after purchasing an additional 173 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in Veralto by 3.4% in the 4th quarter. Insigneo Advisory Services LLC now owns 5,963 shares of the company's stock valued at $607,000 after purchasing an additional 196 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Veralto by 10.2% in the 4th quarter. NewEdge Advisors LLC now owns 4,802 shares of the company's stock valued at $489,000 after purchasing an additional 443 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Insider Activity

In other news, SVP Surekha Trivedi sold 848 shares of Veralto stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $100.55, for a total transaction of $85,266.40. Following the completion of the transaction, the senior vice president directly owned 8,433 shares in the company, valued at $847,938.15. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on VLTO. Stifel Nicolaus set a $120.00 price target on shares of Veralto and gave the company a "buy" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada raised their price target on shares of Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Robert W. Baird raised their price target on shares of Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Northcoast Research began coverage on shares of Veralto in a research note on Tuesday, May 6th. They set a "buy" rating and a $110.00 price target for the company. Finally, Wolfe Research raised shares of Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $113.43.

Veralto Stock Up 0.5%

NYSE:VLTO traded up $0.5450 during trading hours on Wednesday, reaching $108.6450. The company had a trading volume of 572,475 shares, compared to its average volume of 1,372,654. 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 $26.96 billion, a price-to-earnings ratio of 30.35, a P/E/G ratio of 3.52 and a beta of 0.91. The business's 50-day simple moving average is $102.91 and its two-hundred day simple moving average is $98.96. Veralto Corporation has a twelve month low of $83.86 and a twelve month 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 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $0.85 earnings per share. 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 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.