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

A number of other hedge funds also recently made changes to their positions in the company. Empowered Funds LLC raised its stake in shares of Veralto by 20.4% during the first quarter. Empowered Funds LLC now owns 4,551 shares of the company's stock valued at $443,000 after purchasing an additional 770 shares during the period. MBB Public Markets I LLC bought a new stake in shares of Veralto in the first quarter worth $315,000. United Services Automobile Association bought a new stake in shares of Veralto in the first quarter worth $523,000. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Veralto by 3.6% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company's stock worth $378,000 after buying an additional 134 shares during the last quarter. Finally, Voleon Capital Management LP increased its stake in shares of Veralto by 56.8% in the first quarter. Voleon Capital Management LP now owns 104,166 shares of the company's stock worth $10,151,000 after buying an additional 37,726 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Insider Activity

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the business's stock in a transaction on 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 completion of the transaction, the chief executive officer owned 106,219 shares of the company's stock, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.36% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VLTO. Royal Bank Of Canada lifted their price target on shares of Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price target on shares of Veralto and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Robert W. Baird lifted their price target on shares of Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Raymond James Financial started coverage on shares of Veralto in a research note on Tuesday, August 26th. They issued a "market perform" rating for the company. Finally, Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $113.43.

Veralto Stock Up 0.9%

VLTO stock opened at $106.00 on Thursday. 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 Corporation has a 1-year low of $83.86 and a 1-year high of $115.00. The firm has a fifty day moving average price of $105.30 and a two-hundred day moving average price of $99.82. The firm has a market cap of $26.31 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 3.49 and a beta of 0.91.

Veralto (NYSE:VLTO - Get Free Report) last released its earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.04. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Research analysts predict that Veralto Corporation will post 3.66 EPS for the current year.

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.

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