Rafferty Asset Management LLC Has $1.80 Million Holdings in Veralto Corporation $VLTO

Key Points

• Rafferty Asset Management LLC reduced its holdings in Veralto Corporation by 20% in the first quarter, owning 18,468 shares valued at $1.8 million post-sale.
• Institutional investors and hedge funds own 91.28% of Veralto's stock, with significant increases from companies like Vanguard and JPMorgan Chase during the same period.
• Veralto reported a Q2 earnings per share of $0.93, surpassing estimates, and has set a full-year EPS guidance of 3.720-3.800 for FY 2025.

Rafferty Asset Management LLC decreased its stake in Veralto Corporation (NYSE:VLTO - Free Report) by 20.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,468 shares of the company's stock after selling 4,630 shares during the period. Rafferty Asset Management LLC's holdings in Veralto were worth $1,800,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Park Avenue Securities LLC grew its holdings in shares of Veralto by 11.5% in the 1st quarter. Park Avenue Securities LLC now owns 19,213 shares of the company's stock valued at $1,872,000 after acquiring an additional 1,985 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Veralto by 1.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock worth $856,000 after purchasing an additional 113 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Veralto by 9.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 26,833 shares of the company's stock worth $2,619,000 after purchasing an additional 2,313 shares during the period. Assenagon Asset Management S.A. grew its holdings in Veralto by 3.0% during the first quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company's stock worth $1,417,000 after purchasing an additional 429 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Veralto by 12.8% during the first quarter. Farther Finance Advisors LLC now owns 2,938 shares of the company's stock worth $287,000 after purchasing an additional 333 shares during the period. Institutional investors own 91.28% of the company's stock.

Insider Buying and Selling at Veralto

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

Wall Street Analyst Weigh In

VLTO has been the subject of a number of research analyst reports. Raymond James Financial initiated coverage on Veralto in a report on Tuesday, August 26th. They set a "market perform" rating for the company. Robert W. Baird boosted their price objective on Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price objective on Veralto and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Northcoast Research started coverage on Veralto in a report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price objective for the company. Five investment 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.43.

Veralto Price Performance

Shares of NYSE:VLTO traded down $0.30 during trading on Wednesday, hitting $104.98. 1,030,320 shares of the company were exchanged, compared to its average volume of 1,346,460. The business's 50 day moving average is $104.78 and its 200-day moving average is $99.51. The company has a market capitalization of $26.05 billion, a P/E ratio of 29.32, a price-to-earnings-growth ratio of 3.53 and a beta of 0.91. 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.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $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. Equities analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current year.

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.