Quantbot Technologies LP Raises Stake in Veralto Corporation $VLTO

Key Points

• Quantbot Technologies LP increased its holdings in Veralto Corporation (NYSE:VLTO) by 142.3% in the first quarter, now owning 148,639 shares valued at approximately $14.5 million.
• Insiders, including SVP Surekha Trivedi, are engaging in transactions, with Trivedi selling 848 shares at an average price of $100.55, reducing her stake by 9.14%.
• Research analysts provide a consensus rating of "Moderate Buy" for Veralto, with a target price averaging $113.43, as several firms recently adjusted their targets upwards.

Quantbot Technologies LP increased its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 142.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 148,639 shares of the company's stock after buying an additional 87,305 shares during the period. Veralto accounts for about 0.5% of Quantbot Technologies LP's portfolio, making the stock its 23rd largest holding. Quantbot Technologies LP owned 0.06% of Veralto worth $14,485,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP boosted its holdings in shares of Veralto by 4.6% during the 1st quarter. Wellington Management Group LLP now owns 588,921 shares of the company's stock worth $57,390,000 after buying an additional 25,819 shares during the period. Corient IA LLC acquired a new stake in shares of Veralto during the first quarter worth $292,000. Northstar Asset Management Inc. boosted its position in shares of Veralto by 1.4% in the first quarter. Northstar Asset Management Inc. now owns 78,342 shares of the company's stock valued at $7,634,000 after acquiring an additional 1,079 shares during the period. Redmond Asset Management LLC raised its stake in Veralto by 2.5% in the 1st quarter. Redmond Asset Management LLC now owns 18,389 shares of the company's stock worth $1,792,000 after purchasing an additional 451 shares in the last quarter. Finally, Ethic Inc. boosted its holdings in Veralto by 8.6% in the 1st quarter. Ethic Inc. now owns 30,156 shares of the company's stock valued at $2,944,000 after purchasing an additional 2,397 shares during the period. Institutional investors own 91.28% of the company's stock.

Insider Activity at Veralto

In other news, SVP Surekha Trivedi sold 848 shares of the business's 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 transaction, the senior vice president owned 8,433 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.36% of the company's stock.

Veralto Price Performance

Shares of NYSE VLTO traded up $0.6150 during midday trading on Friday, hitting $109.0850. 1,108,497 shares of the company's stock were exchanged, compared to its average volume of 1,370,905. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $115.00. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. The company has a market cap of $27.07 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 3.59 and a beta of 0.91. The business's fifty day moving average price is $103.31 and its two-hundred day moving average price is $99.07.

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 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 in the previous year, the firm earned $0.85 earnings per share. Veralto'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. As a group, research analysts forecast that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Analyst Ratings Changes

VLTO has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price objective on shares of Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Robert W. Baird lifted their price target on shares of Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Finally, Northcoast Research assumed coverage on Veralto in a research note on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.43.

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.