IFM Investors Pty Ltd Grows Stake in Veralto Corporation $VLTO

Key Points

• IFM Investors Pty Ltd increased its stake in Veralto Corporation by 6.6%, acquiring an additional 2,986 shares, valuing its holdings at approximately $4.67 million.
• Analysts have issued a range of ratings for Veralto, with a consensus rating of "Moderate Buy" and a target price of $113.43.
• Veralto reported better-than-expected earnings in its last quarter, with an EPS of $0.93, exceeding the consensus estimate by $0.04 and reflecting a year-over-year revenue growth of 6.4%.

IFM Investors Pty Ltd boosted its position in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,899 shares of the company's stock after acquiring an additional 2,986 shares during the quarter. IFM Investors Pty Ltd's holdings in Veralto were worth $4,668,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Baldwin Investment Management LLC increased its position in Veralto by 3.4% in the first quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company's stock worth $314,000 after buying an additional 106 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Veralto by 1.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock worth $856,000 after buying an additional 113 shares in the last quarter. Phoenix Financial Ltd. increased its position in Veralto by 2.9% in the first quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company's stock worth $454,000 after buying an additional 132 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in Veralto by 3.6% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company's stock worth $378,000 after buying an additional 134 shares in the last quarter. Finally, Argent Trust Co increased its position in Veralto by 1.8% in the first quarter. Argent Trust Co now owns 8,096 shares of the company's stock worth $789,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on VLTO. 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. Royal Bank Of Canada upped their price objective on Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Raymond James Financial began coverage on Veralto in a research note on Tuesday, August 26th. They issued a "market perform" rating for the company. Finally, Stifel Nicolaus set a $120.00 price target on Veralto and gave the company a "buy" rating in a research note on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $113.43.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the sale, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.36% of the company's stock.

Veralto Trading Up 1.1%

VLTO stock traded up $1.12 during midday trading on Wednesday, reaching $107.66. 566,044 shares of the company traded hands, compared to its average volume of 1,332,218. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $115.00. 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 business has a 50 day moving average of $105.70 and a 200-day moving average of $100.05. The firm has a market capitalization of $26.72 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 3.58 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 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 business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The company'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, sell-side analysts expect that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

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.