Veralto Corporation $VLTO Shares Acquired by Jump Financial LLC

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

A number of other hedge funds and other institutional investors have also made changes to their positions in VLTO. Bernard Wealth Management Corp. acquired a new stake in shares of Veralto during the fourth quarter worth about $30,000. Opal Wealth Advisors LLC acquired a new stake in shares of Veralto during the first quarter worth about $45,000. Grove Bank & Trust increased its position in shares of Veralto by 198.2% during the first 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 position in shares of Veralto by 95.1% during the first 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 acquired a new stake in shares of Veralto during the fourth quarter worth about $60,000. Institutional investors and hedge funds own 91.28% of the company's stock.

Insiders Place Their Bets

In other Veralto news, SVP Surekha Trivedi sold 848 shares of Veralto stock in a transaction that occurred on 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 owned 8,433 shares of the company's stock, valued at approximately $847,938.15. The trade was a 9.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

VLTO has been the topic of a number of research analyst reports. Robert W. Baird lifted 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 boosted their price target on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Northcoast Research initiated coverage on Veralto in a research report on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price target on the stock. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 price target on 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 three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Veralto has an average rating of "Moderate Buy" and an average target price of $113.43.

Veralto Price Performance

Shares of VLTO opened at $109.0850 on Friday. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $115.00. The stock's 50 day moving average is $103.55 and its two-hundred day moving average is $99.15. The firm has a market capitalization of $27.07 billion, a PE ratio of 30.47, a P/E/G ratio of 3.60 and a beta of 0.91. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share 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 company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the company earned $0.85 EPS. 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 anticipate that Veralto Corporation will post 3.66 earnings per share for the current year.

Veralto Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.