Vestmark Advisory Solutions Inc. Purchases 4,959 Shares of Veralto Corporation $VLTO

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in Veralto Corporation by 103.2% during the first quarter, owning 9,762 shares valued at approximately $951,000 by quarter's end.
• Analysts have a consensus rating of "Moderate Buy" for Veralto stock, with a price target averaging $113.43, indicating strong market confidence in the company's growth potential.
• Veralto Corporation reported earnings per share of $0.93 for the last quarter, exceeding expectations, and saw a 6.4% increase in revenue year-over-year.

Vestmark Advisory Solutions Inc. lifted its stake in Veralto Corporation (NYSE:VLTO - Free Report) by 103.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,762 shares of the company's stock after purchasing an additional 4,959 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Veralto were worth $951,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC grew its position in shares of Veralto by 5.6% in the 1st quarter. Neuberger Berman Group LLC now owns 819,223 shares of the company's stock worth $79,833,000 after buying an additional 43,626 shares during the period. National Pension Service raised its holdings in shares of Veralto by 18.6% during the first quarter. National Pension Service now owns 387,862 shares of the company's stock valued at $37,797,000 after purchasing an additional 60,939 shares during the last quarter. Resona Asset Management Co. Ltd. raised its holdings in shares of Veralto by 8.3% during the first quarter. Resona Asset Management Co. Ltd. now owns 82,718 shares of the company's stock valued at $8,044,000 after purchasing an additional 6,335 shares during the last quarter. Rathbones Group PLC lifted its position in Veralto by 81.1% during the first quarter. Rathbones Group PLC now owns 29,144 shares of the company's stock valued at $2,840,000 after purchasing an additional 13,055 shares during the period. Finally, Public Sector Pension Investment Board boosted its holdings in Veralto by 8.3% in the first quarter. Public Sector Pension Investment Board now owns 33,579 shares of the company's stock worth $3,272,000 after purchasing an additional 2,567 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Royal Bank Of Canada upped their price objective on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Robert W. Baird upped their price target on Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Northcoast Research assumed coverage on Veralto in a research report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price objective on the stock. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a 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's stock. According to data from MarketBeat, Veralto has an average rating of "Moderate Buy" and an average target price of $113.43.

Veralto Trading Down 0.5%

Veralto stock traded down $0.5720 during mid-day trading on Thursday, hitting $108.3380. The company's stock had a trading volume of 374,325 shares, compared to its average volume of 1,370,643. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. The company has a 50 day moving average of $103.12 and a 200-day moving average of $99.02. Veralto Corporation has a one year low of $83.86 and a one year high of $115.00. The stock has a market cap of $26.89 billion, a PE ratio of 30.30, a P/E/G ratio of 3.56 and a beta of 0.91.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm posted $0.85 EPS. The firm's revenue 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. On average, research analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Insider Transactions at Veralto

In other Veralto news, SVP Surekha Trivedi sold 848 shares of the firm'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 transaction, the senior vice president directly owned 8,433 shares in the company, valued at $847,938.15. This trade represents a 9.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.36% of the stock is currently owned by company insiders.

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.