Price T Rowe Associates Inc. MD lifted its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 2.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,088,456 shares of the company's stock after purchasing an additional 21,353 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.44% of Veralto worth $106,071,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of VLTO. Brighton Jones LLC lifted its position in shares of Veralto by 16.1% during the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company's stock worth $352,000 after purchasing an additional 479 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Veralto by 10.2% in the fourth quarter. NewEdge Advisors LLC now owns 4,802 shares of the company's stock valued at $489,000 after buying an additional 443 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Veralto by 21.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 865,943 shares of the company's stock valued at $88,197,000 after buying an additional 153,814 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in Veralto by 5.0% in the fourth quarter. OneDigital Investment Advisors LLC now owns 5,022 shares of the company's stock valued at $511,000 after buying an additional 237 shares during the period. Finally, Dark Forest Capital Management LP lifted its holdings in Veralto by 6.3% in the fourth quarter. Dark Forest Capital Management LP now owns 3,766 shares of the company's stock valued at $384,000 after buying an additional 222 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Veralto
In related news, SVP Surekha Trivedi sold 848 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $100.55, for a total transaction of $85,266.40. Following the sale, 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 legal filing with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by insiders.
Veralto Trading Down 1.7%
Shares of NYSE:VLTO opened at $107.28 on Tuesday. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $115.00. 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 company's fifty day simple moving average is $103.74 and its 200 day simple moving average is $99.22. The firm has a market cap of $26.62 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 3.60 and a beta of 0.91.
Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business posted $0.85 earnings per share. The firm's quarterly 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. As a group, research analysts forecast that Veralto Corporation will post 3.66 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on VLTO. Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Northcoast Research began coverage on shares of Veralto in a report on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price objective on the stock. Royal Bank Of Canada increased their price objective on shares of 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 price objective on shares of Veralto and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Robert W. Baird increased their price objective on shares of Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $113.43.
View Our Latest Research Report on VLTO
Veralto Profile
(
Free Report)
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.
Further Reading
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