Veralto Corporation $VLTO Stake Increased by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Veralto Corporation by 8.3%, acquiring an additional 811,843 shares to own approximately 4.25% of the company, valued at over $1 billion.
• Veralto reported earnings of $0.93 per share for the last quarter, exceeding analysts' expectations by $0.04, while its revenue was up 6.4% year-over-year.
• Research firms have shown positive sentiment towards Veralto, with Wolfe Research upgrading it to a "strong-buy" rating and several firms raising their price targets for the stock.

T. Rowe Price Investment Management Inc. boosted its position in Veralto Corporation (NYSE:VLTO - Free Report) by 8.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,541,438 shares of the company's stock after purchasing an additional 811,843 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 4.25% of Veralto worth $1,027,264,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in VLTO. Nuveen LLC bought a new stake in shares of Veralto in the 1st quarter worth $172,399,000. BNP Paribas Financial Markets bought a new stake in Veralto in the 4th quarter worth about $96,888,000. JPMorgan Chase & Co. increased its holdings in Veralto by 26.8% in the 1st quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company's stock worth $314,137,000 after buying an additional 682,123 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Veralto by 13.6% in the 1st quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company's stock worth $415,074,000 after buying an additional 509,104 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Veralto by 15.8% in the 4th quarter. Northern Trust Corp now owns 3,157,143 shares of the company's stock worth $321,555,000 after buying an additional 431,607 shares in the last quarter. 91.28% of the stock is owned by institutional investors.

Veralto Stock Down 1.1%

NYSE VLTO traded down $1.2120 during trading hours on Monday, hitting $107.9380. The company had a trading volume of 146,130 shares, compared to its average volume of 1,363,256. The firm's 50 day moving average is $103.55 and its 200 day moving average is $99.16. The company has a market capitalization of $26.79 billion, a price-to-earnings ratio of 30.16, a P/E/G ratio of 3.60 and a beta of 0.91. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $115.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06.

Veralto (NYSE:VLTO - Get Free Report) last posted 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. The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Sell-side analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VLTO. Northcoast Research began coverage on Veralto in a report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price target on the stock. Stifel Nicolaus set a $120.00 price target on Veralto and gave the company a "buy" rating in a report 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 report on Wednesday, July 30th. Robert W. Baird boosted their price objective 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. Finally, Wolfe Research raised shares of Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $113.43.

Insider Transactions at Veralto

In other Veralto news, SVP Surekha Trivedi sold 848 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president owned 8,433 shares in the company, valued at approximately $847,938.15. The trade was a 9.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.36% of the company's stock.

Veralto 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.