United Services Automobile Association purchased a new position in shares of Veralto Corporation (NYSE:VLTO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,442 shares of the company's stock, valued at approximately $523,000.
A number of other institutional investors and hedge funds have also made changes to their positions in VLTO. Nuveen LLC acquired a new position in shares of Veralto during the 1st quarter worth $172,399,000. Alliancebernstein L.P. boosted its position in shares of Veralto by 28.0% in the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company's stock worth $607,656,000 after buying an additional 1,363,502 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Veralto by 8.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company's stock worth $1,027,264,000 after buying an additional 811,843 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of 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. Finally, Bank of New York Mellon Corp boosted its position in shares of 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. 91.28% of the stock is owned by institutional investors and hedge funds.
Veralto Trading Down 1.0%
VLTO traded down $1.05 on Tuesday, reaching $106.75. 198,251 shares of the company's stock were exchanged, compared to its average volume of 1,328,346. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $115.00. The company's 50 day moving average is $105.62 and its 200-day moving average is $100.01. The company has a market cap of $26.49 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 3.62 and a beta of 0.91.
Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data 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. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company earned $0.85 earnings per share. Veralto's revenue for the quarter was up 6.4% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Equities analysts predict that Veralto Corporation will post 3.66 earnings per share 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 that occurred on 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 sale, the chief executive officer owned 106,219 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is owned by company insiders.
Analyst Ratings Changes
Several research firms recently commented on VLTO. Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the stock a "buy" rating in a research 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 stock a "neutral" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada upped their target price on shares of Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Finally, Raymond James Financial began coverage on shares of Veralto in a report on Tuesday, August 26th. They issued a "market perform" rating on the stock. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Veralto currently has an average rating of "Moderate Buy" and an average target price of $113.43.
Read Our Latest Report on Veralto
Veralto Company Profile
(
Free Report)
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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