Veralto Corporation $VLTO Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its holdings in Veralto Corporation by 8.8% in the first quarter, ending up with around 327,794 shares valued at approximately $31.9 million.
• Analysts have recently upgraded their ratings on Veralto, with five giving a "Buy" rating and adjusted target prices ranging from $106.00 to $120.00.
• Veralto reported strong quarterly earnings, with $1.37 billion in revenue and earnings per share of $0.93, exceeding analyst expectations.

American Century Companies Inc. lessened its holdings in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 8.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 327,794 shares of the company's stock after selling 31,537 shares during the quarter. American Century Companies Inc. owned 0.13% of Veralto worth $31,944,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of VLTO. Bernard Wealth Management Corp. bought a new position in Veralto during the 4th quarter worth approximately $30,000. Opal Wealth Advisors LLC bought a new position in Veralto during the 1st quarter worth approximately $45,000. Grove Bank & Trust lifted 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 buying an additional 339 shares during the last quarter. Global Financial Private Client LLC lifted 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 buying an additional 289 shares during the last quarter. Finally, Putney Financial Group LLC bought a new position in Veralto during the 4th quarter worth approximately $60,000. Institutional investors and hedge funds own 91.28% of the company's stock.

Insider Buying and Selling

In related news, SVP Surekha Trivedi sold 848 shares of the firm's 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 directly owned 8,433 shares in the company, valued at $847,938.15. This trade represents a 9.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Veralto Stock Performance

Shares of NYSE VLTO traded up $0.30 during mid-day trading on Wednesday, hitting $107.41. The company had a trading volume of 597,083 shares, compared to its average volume of 1,122,092. The stock has a market cap of $26.65 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 3.53 and a beta of 0.91. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $115.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The firm's 50 day simple moving average is $104.15 and its two-hundred day simple moving average is $99.33.

Veralto (NYSE:VLTO - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating the consensus estimate 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 EPS. The firm's 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 forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

Analysts Set New Price Targets

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

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.