SVB Wealth LLC Sells 3,279 Shares of Veralto Corporation $VLTO

Key Points

• SVB Wealth LLC has reduced its holdings in Veralto Corporation (VLTO) by 41.1%, owning 4,700 shares worth approximately $458,000 after selling 3,279 shares in the first quarter.
• Insider trading activity is notable, with Senior Vice President Surekha Trivedi selling 848 shares at an average price of $100.55, resulting in a 9.14% decrease in her ownership stake.
• Veralto reported earnings of $0.93 per share for the last quarter, exceeding expectations and showing a 6.4% year-over-year revenue increase, leading to a positive analyst outlook with a consensus rating of "Moderate Buy."

SVB Wealth LLC cut its holdings in Veralto Corporation (NYSE:VLTO - Free Report) by 41.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,700 shares of the company's stock after selling 3,279 shares during the period. SVB Wealth LLC's holdings in Veralto were worth $458,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Bernard Wealth Management Corp. bought a new position in shares of Veralto in the fourth quarter worth about $30,000. Opal Wealth Advisors LLC bought a new position in shares of Veralto in the first quarter worth about $45,000. Grove Bank & Trust increased its stake in shares of Veralto by 198.2% in the first quarter. Grove Bank & Trust now owns 510 shares of the company's stock worth $50,000 after purchasing an additional 339 shares during the period. Global Financial Private Client LLC increased its stake in shares of Veralto by 95.1% in the first quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock worth $58,000 after purchasing an additional 289 shares during the period. Finally, Putney Financial Group LLC bought a new position in shares of Veralto in the fourth quarter worth about $60,000. 91.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VLTO. 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. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Northcoast Research began coverage on Veralto in a research note on Tuesday, May 6th. They set a "buy" rating and a $110.00 price target on the stock. Raymond James Financial began coverage on Veralto in a research note on Tuesday. They set a "market perform" rating on the stock. Finally, Robert W. Baird boosted 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. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Veralto presently has an average rating of "Moderate Buy" and an average target price of $113.43.

Insider Buying and Selling

In related news, SVP Surekha Trivedi sold 848 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was 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 represents a 9.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is currently owned by company insiders.

Veralto Price Performance

VLTO stock traded up $0.30 during trading on Wednesday, hitting $107.41. 597,083 shares of the stock traded hands, compared to its average volume of 1,359,929. The stock has a market cap of $26.65 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 3.53 and a beta of 0.91. Veralto Corporation has a one year low of $83.86 and a one year high of $115.00. The company has a 50 day simple moving average of $104.15 and a 200 day simple moving average of $99.33. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00.

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, topping analysts' consensus estimates of $0.89 by $0.04. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.Veralto's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Equities analysts expect that Veralto Corporation will post 3.66 EPS for the current fiscal year.

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.