Veralto Corporation $VLTO Shares Purchased by IFM Investors Pty Ltd

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 lifted its stake in Veralto Corporation (NYSE:VLTO - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent 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.

Several other large investors have also recently made changes to their positions in VLTO. Bernard Wealth Management Corp. acquired a new position in shares of Veralto in the 4th quarter worth approximately $30,000. Truvestments Capital LLC lifted its holdings in shares of Veralto by 148.5% in the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company's stock worth $32,000 after acquiring an additional 196 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Veralto in the 1st quarter worth approximately $45,000. Grove Bank & Trust lifted its holdings in shares of Veralto by 198.2% in the 1st quarter. Grove Bank & Trust now owns 510 shares of the company's stock worth $50,000 after acquiring an additional 339 shares during the last quarter. Finally, Global Financial Private Client LLC increased its stake 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 buying an additional 289 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on VLTO shares. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the company a "buy" rating in a research report on Wednesday, July 30th. Wolfe Research raised shares of Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Raymond James Financial started coverage on shares of Veralto in a research report on Tuesday, August 26th. They issued a "market perform" rating on the stock. Royal Bank Of Canada increased their price objective on shares of Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Finally, Robert W. Baird increased their price objective on shares of Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Veralto presently has a consensus rating of "Moderate Buy" and a consensus target price of $113.43.

Veralto Trading Up 3.0%

Shares of Veralto stock opened at $109.23 on Friday. The company has a fifty day simple moving average of $105.41 and a 200-day simple moving average of $99.89. Veralto Corporation has a 12-month low of $83.86 and a 12-month high of $115.00. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. The stock has a market cap of $27.11 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 3.52 and a beta of 0.91.

Veralto (NYSE:VLTO - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $1.34 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The company's revenue for the quarter was up 6.4% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. On average, equities analysts forecast that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the completion of the sale, the chief executive officer owned 106,219 shares in the company, valued at $11,286,830.94. This represents a 9.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is currently owned by corporate 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.

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