Scientech Research LLC Takes Position in Veralto Corporation $VLTO

Key Points

• Scientech Research LLC has made a new investment in Veralto Corporation, acquiring 6,813 shares valued at approximately $664,000 during the first quarter.
• Veralto recently reported earnings of $0.93 EPS, surpassing estimates, with a year-over-year revenue increase of 6.4% to $1.37 billion.
• Analysts have given Veralto an average rating of "Moderate Buy" with a target price of $113.43, reflecting a generally positive outlook on the stock.

Scientech Research LLC purchased a new position in shares of Veralto Corporation (NYSE:VLTO - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,813 shares of the company's stock, valued at approximately $664,000.

Other large investors have also recently bought and sold shares of the company. Bernard Wealth Management Corp. acquired a new stake in shares of Veralto in the 4th quarter valued at approximately $30,000. Truvestments Capital LLC boosted its holdings in shares of Veralto by 148.5% in the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company's stock valued at $32,000 after buying an additional 196 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Veralto in the 1st quarter valued at approximately $45,000. Grove Bank & Trust boosted its holdings in shares of Veralto by 198.2% in the 1st quarter. Grove Bank & Trust now owns 510 shares of the company's stock valued at $50,000 after buying an additional 339 shares during the last quarter. Finally, Global Financial Private Client LLC boosted its holdings in shares of Veralto by 95.1% in the 1st quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock valued at $58,000 after buying an additional 289 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Robert W. Baird increased their price target on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price target on Veralto and gave the company a "buy" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada increased their price target on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Finally, Raymond James Financial started coverage on Veralto in a research note on Tuesday, August 26th. They issued a "market perform" rating on the stock. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Veralto presently has an average rating of "Moderate Buy" and a consensus price target of $113.43.

Veralto Stock Performance

Shares of VLTO stock traded down $0.09 on Friday, hitting $109.02. The company's stock had a trading volume of 1,253,217 shares, compared to its average volume of 877,373. 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 stock's 50 day moving average is $105.52 and its 200-day moving average is $99.94. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $115.00. The company has a market capitalization of $27.05 billion, a PE ratio of 30.45, a PEG ratio of 3.62 and a beta of 0.91.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.34 billion. During the same period in the prior year, the company posted $0.85 earnings per share. Veralto's revenue was up 6.4% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Equities research analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the company's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $106.26, for a total value of $1,131,243.96. Following the transaction, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.36% of the company's stock.

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.