Trexquant Investment LP Purchases 98,531 Shares of Veralto Corporation $VLTO

Key Points

• Trexquant Investment LP increased its holdings in Veralto Corporation by 169.5%, acquiring an additional 98,531 shares, bringing their total to 156,670 shares valued at approximately $15.27 million.
• Veralto's stock has received positive ratings from multiple analysts, with a current average rating of "Moderate Buy" and a revised price target of $113.43.
• The company reported $0.93 earnings per share for the last quarter, exceeding analyst expectations of $0.89, along with a year-over-year revenue increase of 6.4%.

Trexquant Investment LP lifted its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 169.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 156,670 shares of the company's stock after buying an additional 98,531 shares during the quarter. Trexquant Investment LP owned approximately 0.06% of Veralto worth $15,267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Park Avenue Securities LLC boosted its stake in Veralto by 11.5% during the 1st quarter. Park Avenue Securities LLC now owns 19,213 shares of the company's stock worth $1,872,000 after purchasing an additional 1,985 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Veralto by 1.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock worth $856,000 after buying an additional 113 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Veralto by 9.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 26,833 shares of the company's stock worth $2,619,000 after acquiring an additional 2,313 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Veralto by 3.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company's stock valued at $1,417,000 after buying an additional 429 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Veralto by 12.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,938 shares of the company's stock worth $287,000 after purchasing an additional 333 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Veralto Price Performance

Shares of VLTO traded down $0.71 during mid-day trading on Wednesday, reaching $104.57. The company had a trading volume of 215,611 shares, compared to its average volume of 1,341,226. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The company has a market capitalization of $25.95 billion, a P/E ratio of 29.21, a P/E/G ratio of 3.53 and a beta of 0.91. The company's 50-day moving average is $104.78 and its 200-day moving average is $99.51. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $115.00.

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, topping the consensus estimate 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%.The firm's revenue was up 6.4% on a year-over-year basis. During the same period last 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. On average, equities analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Insider Transactions at Veralto

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

Wall Street Analyst Weigh In

VLTO has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective on shares of Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. 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 raised shares of Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Northcoast Research assumed coverage on shares of Veralto in a research report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price target for the company. Finally, Raymond James Financial began coverage on Veralto in a report on Tuesday, August 26th. They issued a "market perform" rating for the company. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $113.43.

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.