Squarepoint Ops LLC Sells 12,362 Shares of Veralto Corporation $VLTO

Key Points

• Squarepoint Ops LLC reduced its Veralto stake by 51.4% in the second quarter, selling 12,362 shares and retaining 11,681 shares valued at approximately $1.04 million. Institutional investors and hedge funds collectively own 91.28% of Veralto.
• Analysts maintain a positive outlook, with a consensus “Moderate Buy” rating and an average price target of $112.50, compared with the stock’s recent price of $95.22.
• Veralto exceeded quarterly expectations, reporting $1.11 in earnings per share on $1.47 billion in revenue, with revenue rising 7.5% year over year. Insiders have sold 15,180 shares worth about $1.49 million over the past 90 days, largely through pre-arranged trading plans.

Squarepoint Ops LLC cut its position in Veralto Corporation (NYSE:VLTO - Free Report) by 51.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,681 shares of the company's stock after selling 12,362 shares during the quarter. Squarepoint Ops LLC's holdings in Veralto were worth $1,036,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in VLTO. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Veralto by 82.2% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company's stock worth $29,000 after acquiring an additional 129 shares during the last quarter. Highland Investment Advisors LLC bought a new position in Veralto during the second quarter worth $32,000. Elyxium Wealth LLC acquired a new position in Veralto in the fourth quarter valued at $37,000. Hantz Financial Services Inc. boosted its position in Veralto by 175.1% during the fourth quarter. Hantz Financial Services Inc. now owns 597 shares of the company's stock valued at $60,000 after acquiring an additional 380 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Veralto during the 1st quarter worth about $66,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays raised their target price on Veralto from $113.00 to $117.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Citigroup raised their price target on shares of Veralto from $102.00 to $107.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Robert W. Baird set a $111.00 price target on shares of Veralto in a research note on Thursday, July 30th. BNP Paribas Exane reiterated an "outperform" rating and set a $120.00 price objective (up from $115.00) on shares of Veralto in a report on Thursday, July 30th. Finally, Royal Bank Of Canada increased their price objective on shares of Veralto from $100.00 to $109.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Veralto has a consensus rating of "Moderate Buy" and an average price target of $112.50.

Veralto Trading Down 0.6%

VLTO opened at $95.22 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.61. Veralto Corporation has a fifty-two week low of $80.03 and a fifty-two week high of $108.00. The firm has a market capitalization of $23.21 billion, a PE ratio of 24.04, a P/E/G ratio of 2.72 and a beta of 0.60. The company's 50-day moving average is $95.92 and its 200 day moving average is $90.87.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.10. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. Veralto had a return on equity of 34.76% and a net margin of 17.35%.The company's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. As a group, research analysts predict that Veralto Corporation will post 4.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jennifer Honeycutt sold 7,097 shares of Veralto stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total transaction of $720,487.44. Following the transaction, the chief executive officer owned 124,085 shares of the company's stock, valued at $12,597,109.20. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Surekha Trivedi sold 986 shares of Veralto stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $97.05, for a total value of $95,691.30. Following the transaction, the senior vice president directly owned 8,565 shares in the company, valued at approximately $831,233.25. The trade was a 10.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 15,180 shares of company stock worth $1,490,394 in the last 90 days. Corporate insiders own 0.43% of the company's stock.

About Veralto

Veralto Corporation NYSE: VLTO is a global provider of technology, equipment, software and services focused on water quality and product quality. The company serves municipal, industrial, commercial and consumer markets, helping customers monitor and manage water systems while improving the production, packaging and identification of products.

Veralto operates through two primary segments. Its Water Quality businesses provide water analytics, testing and monitoring systems, treatment technologies, flow measurement equipment and related software and services.

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