UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $263.28 Million Holdings in Veralto Corporation $VLTO

Key Points

• UBS Asset Management increased its holdings in Veralto Corporation by 3.5%, now owning 2,701,647 shares valued at approximately $263 million.
• Multiple hedge funds have also raised their stakes in Veralto, with notable increases including a 56.8% increase from Voleon Capital Management.
• Analysts maintain a positive outlook on Veralto, with several targeting prices between $108 and $120, indicating a moderate buy rating based on recent earnings performance.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,701,647 shares of the company's stock after purchasing an additional 90,682 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.09% of Veralto worth $263,276,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Veralto during the first quarter worth approximately $172,399,000. Alliancebernstein L.P. boosted its position in Veralto by 28.0% in the 1st 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 during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Veralto by 8.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company's stock worth $1,027,264,000 after acquiring an additional 811,843 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Veralto by 26.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company's stock valued at $314,137,000 after purchasing an additional 682,123 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Veralto by 13.6% during the 1st quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company's stock valued at $415,074,000 after buying an additional 509,104 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Price Performance

Veralto stock traded down $1.02 during midday trading on Tuesday, hitting $106.79. The company's stock had a trading volume of 198,251 shares, compared to its average volume of 1,328,346. The stock's 50-day moving average price is $105.62 and its 200-day moving average price is $100.01. The company has a market capitalization of $26.50 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 3.62 and a beta of 0.91. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last released its earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.89 by $0.04. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $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. Analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Insider Activity at Veralto

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VLTO. Wolfe Research raised shares of Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Robert W. Baird increased their target price on Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research report 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 research note on Wednesday, July 30th. Raymond James Financial initiated coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a "market perform" rating for the company. Finally, Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the company a "buy" rating in a research report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Veralto currently has a consensus rating of "Moderate Buy" and a consensus price target 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.