Groupe la Francaise Has $5.69 Million Holdings in Veralto Corporation $VLTO

Key Points

• Groupe la Francaise reduced its stake in Veralto Corporation (NYSE:VLTO) by 7.9%, maintaining 58,096 shares valued at approximately $5.7 million as of the last quarter.
• Analysts have upgraded Veralto's stock ratings recently, with five giving it a Buy rating and an average price target of $113.43.
• For its fiscal year 2025, Veralto has provided guidance for earnings per share in the range of 3.720-3.800, with Q3 expectations set at 0.910-0.950 EPS.

Groupe la Francaise lowered its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 7.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,096 shares of the company's stock after selling 4,957 shares during the quarter. Groupe la Francaise's holdings in Veralto were worth $5,687,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of VLTO. Bernard Wealth Management Corp. acquired a new position in Veralto during the 4th quarter worth $30,000. Opal Wealth Advisors LLC bought a new stake in shares of Veralto during the first quarter worth $45,000. Grove Bank & Trust raised 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 acquiring an additional 339 shares during the last quarter. Global Financial Private Client LLC raised 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 acquiring an additional 289 shares during the last quarter. Finally, Putney Financial Group LLC bought a new stake in shares of Veralto during the fourth quarter worth $60,000. 91.28% of the stock is owned by institutional investors.

Veralto Stock Up 0.3%

Shares of Veralto stock traded up $0.30 during trading on Wednesday, reaching $107.41. The stock had a trading volume of 597,083 shares, compared to its average volume of 1,359,929. The company has a market capitalization of $26.65 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 3.53 and a beta of 0.91. The stock has a fifty day moving average price of $104.15 and a two-hundred day moving average price of $99.33. Veralto Corporation has a 52 week low of $83.86 and a 52 week 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.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.04. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Sell-side analysts predict that Veralto Corporation will post 3.66 EPS 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 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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VLTO. Robert W. Baird boosted 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. Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Northcoast Research began coverage on Veralto in a research note on Tuesday, May 6th. They set a "buy" rating and a $110.00 price objective for the company. Raymond James Financial began coverage on Veralto in a research note on Tuesday. They set a "market perform" rating for the company. Finally, Royal Bank Of Canada lifted 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. 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 company has a consensus rating of "Moderate Buy" and an average target price 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.