Veralto Corporation $VLTO is Rudius Management LP's Largest Position

Key Points

• Rudius Management LP increased its stake in Veralto Corporation by 15.2%, making it the institutional investor's largest holding at 2,840,270 shares worth approximately $276.8 million.
• Veralto's stock opened at $109.08 and reported a strong quarterly performance, beating earnings expectations with $0.93 EPS compared to the consensus estimate of $0.89.
• Several analysts have set new price targets for Veralto, with a consensus target price of $113.43, suggesting a generally positive outlook on the stock.

Rudius Management LP boosted its position in Veralto Corporation (NYSE:VLTO - Free Report) by 15.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,840,270 shares of the company's stock after acquiring an additional 375,421 shares during the quarter. Veralto accounts for approximately 56.9% of Rudius Management LP's portfolio, making the stock its largest holding. Rudius Management LP owned about 1.15% of Veralto worth $276,784,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Veralto by 1.3% in the first quarter. Vanguard Group Inc. now owns 29,737,470 shares of the company's stock valued at $2,897,916,000 after acquiring an additional 390,285 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Veralto by 8.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company's stock valued at $1,027,264,000 after buying an additional 811,843 shares during the last quarter. Invesco Ltd. grew its stake in shares of Veralto by 6.9% during the first quarter. Invesco Ltd. now owns 4,856,071 shares of the company's stock valued at $473,224,000 after buying an additional 314,704 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Veralto by 13.6% during the first quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company's stock valued at $415,074,000 after buying an additional 509,104 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Veralto by 26.8% during the first quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company's stock valued at $314,137,000 after buying an additional 682,123 shares during the last quarter. Institutional investors own 91.28% of the company's stock.

Veralto Trading Up 0.3%

Shares of Veralto stock traded up $0.30 during trading on Wednesday, reaching $107.41. 597,083 shares of the stock were exchanged, compared to its average volume of 1,122,092. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $115.00. The stock's fifty day moving average is $104.15 and its 200 day moving average is $99.33. The firm has a market cap of $26.65 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 3.53 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 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 business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business posted $0.85 earnings per share. Veralto's quarterly 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. As a group, equities research analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Veralto news, SVP Surekha Trivedi sold 848 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $100.55, for a total value of $85,266.40. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.36% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on VLTO shares. Robert W. Baird raised their price objective on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada raised their price objective on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 30th. Raymond James Financial started coverage on Veralto in a research note on Tuesday. They set a "market perform" rating on the stock. Stifel Nicolaus set a $120.00 price objective on Veralto and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Northcoast Research started coverage on Veralto in a research note on Tuesday, May 6th. They set a "buy" rating and a $110.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $113.43.

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.