Scientech Research LLC Acquires Shares of 6,813 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 acquired a new position in shares of Veralto Corporation (NYSE:VLTO - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,813 shares of the company's stock, valued at approximately $664,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Veralto by 1.2% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 31,146 shares of the company's stock worth $3,035,000 after acquiring an additional 383 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Veralto by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,947 shares of the company's stock worth $2,529,000 after buying an additional 1,306 shares during the last quarter. Gotham Asset Management LLC raised its holdings in Veralto by 26.7% during the first quarter. Gotham Asset Management LLC now owns 187,533 shares of the company's stock valued at $18,275,000 after buying an additional 39,540 shares in the last quarter. Hall Laurie J Trustee raised its holdings in Veralto by 6.0% during the first quarter. Hall Laurie J Trustee now owns 20,082 shares of the company's stock valued at $1,957,000 after buying an additional 1,133 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Veralto by 28.0% during the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company's stock valued at $607,656,000 after buying an additional 1,363,502 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Stock Performance

VLTO traded down $0.09 on Friday, hitting $109.02. 1,253,217 shares of the stock traded hands, compared to its average volume of 883,536. Veralto Corporation has a 52 week low of $83.86 and a 52 week 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 firm has a market capitalization of $27.05 billion, a PE ratio of 30.45, a P/E/G ratio of 3.62 and a beta of 0.91. The business has a fifty day moving average price of $105.52 and a two-hundred day moving average price of $99.95.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company's quarterly 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. On average, research analysts predict that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Royal Bank Of Canada raised their target price on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Raymond James Financial assumed coverage on Veralto in a report on Tuesday, August 26th. They set a "market perform" rating on the stock. Stifel Nicolaus set a $120.00 target price on Veralto and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Robert W. Baird lifted their price objective 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 assigned a Hold rating to the company's stock. According to MarketBeat.com, Veralto currently has an average rating of "Moderate Buy" and an average price target of $113.43.

Insider Transactions at Veralto

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

Veralto Company 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.