Jump Financial LLC Acquires 36,049 Shares of Veralto Corporation $VLTO

Key Points

• Jump Financial LLC increased its stake in Veralto Corporation by 35.7%, owning 137,107 shares worth approximately $13.36 million after purchasing an additional 36,049 shares.
• Wall Street analysts are optimistic about Veralto's performance, with an average target price of $113.43 and strong buy ratings from several firms.
• Veralto reported earnings of $0.93 per share for the last quarter, exceeding estimates, with a revenue of $1.37 billion, up 6.4% year-over-year.

Jump Financial LLC increased its position in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 35.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 137,107 shares of the company's stock after buying an additional 36,049 shares during the quarter. Jump Financial LLC owned about 0.06% of Veralto worth $13,361,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VLTO. Bernard Wealth Management Corp. bought a new stake in Veralto during the 4th quarter worth approximately $30,000. Opal Wealth Advisors LLC bought a new stake in Veralto during the 1st quarter worth approximately $45,000. Grove Bank & Trust increased its holdings in Veralto by 198.2% during the 1st quarter. Grove Bank & Trust now owns 510 shares of the company's stock worth $50,000 after purchasing an additional 339 shares in the last quarter. Global Financial Private Client LLC increased its holdings in Veralto by 95.1% during the 1st quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock worth $58,000 after purchasing an additional 289 shares in the last quarter. Finally, Putney Financial Group LLC bought a new stake in Veralto during the 4th quarter worth approximately $60,000. 91.28% of the stock is owned by institutional investors.

Veralto Price Performance

VLTO traded down $0.32 during trading on Friday, reaching $106.18. The stock had a trading volume of 165,022 shares, compared to its average volume of 1,347,507. The business has a 50-day moving average of $104.34 and a 200-day moving average of $99.37. 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 $26.35 billion, a PE ratio of 29.66, a PEG ratio of 3.54 and a beta of 0.91. 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 (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same period last year, the firm earned $0.85 earnings per share. The company'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. As a group, equities research analysts anticipate that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity

In related news, SVP Surekha Trivedi sold 848 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $100.55, for a total value of $85,266.40. Following the sale, the senior vice president directly owned 8,433 shares of the company's stock, valued at $847,938.15. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.36% of the company's stock.

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.