PDT Partners LLC Trims Position in Veralto Corporation $VLTO

Key Points

• PDT Partners LLC reduced its stake in Veralto Corporation by 5.9%, selling 3,000 shares and holding 48,047 shares valued at approximately $4.68 million.
• Veralto's most recent quarterly earnings report showed an EPS of $0.93, exceeding analysts' expectations, with revenue of $1.37 billion, up 6.4% year-over-year.
• Brokerage upgrades include Wolfe Research changing its rating for Veralto from "hold" to "strong-buy", alongside various price target adjustments from multiple firms.

PDT Partners LLC cut its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,047 shares of the company's stock after selling 3,000 shares during the period. PDT Partners LLC's holdings in Veralto were worth $4,682,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Flputnam Investment Management Co. lifted its stake in Veralto by 3.1% during the 1st quarter. Flputnam Investment Management Co. now owns 146,294 shares of the company's stock valued at $14,256,000 after acquiring an additional 4,396 shares in the last quarter. Royal Bank of Canada lifted its stake in Veralto by 13.1% during the 1st quarter. Royal Bank of Canada now owns 1,177,453 shares of the company's stock valued at $114,741,000 after acquiring an additional 136,708 shares in the last quarter. Alamea Verwaltungs GmbH bought a new position in Veralto during the 1st quarter valued at $856,000. Gates Capital Management Inc. lifted its stake in Veralto by 8.0% during the 1st quarter. Gates Capital Management Inc. now owns 1,302,294 shares of the company's stock valued at $126,909,000 after acquiring an additional 96,971 shares in the last quarter. Finally, Magnetar Financial LLC bought a new position in Veralto during the 1st quarter valued at $3,773,000. 91.28% of the stock is currently owned by institutional investors.

Veralto Stock Performance

VLTO traded down $0.30 during trading hours on Wednesday, hitting $104.98. The stock had a trading volume of 1,030,320 shares, compared to its average volume of 893,130. The company's fifty day simple moving average is $104.88 and its 200 day simple moving average is $99.54. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $115.00. The stock has a market cap of $26.05 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 3.53 and a beta of 0.91. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share 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 company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm posted $0.85 EPS. The firm's revenue for the quarter 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. Equities analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on VLTO shares. Northcoast Research started coverage on Veralto in a research note on Tuesday, May 6th. They set a "buy" rating and a $110.00 price objective on the stock. Raymond James Financial began coverage on Veralto in a research note on Tuesday, August 26th. They set a "market perform" rating on the stock. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada lifted 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. Finally, Robert W. Baird lifted 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. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Veralto currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.43.

Insiders Place Their Bets

In related 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 value of $1,131,243.96. Following the completion of the sale, the chief executive officer owned 106,219 shares of the company's stock, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.36% of the company's stock.

Veralto 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.