Veralto Corporation $VLTO Shares Sold by Sandler Capital Management

Key Points

• Sandler Capital Management reduced its stake in Veralto Corporation (NYSE: VLTO) by 51.1%, selling over 27,000 shares, leaving them with a holding worth approximately $2.54 million.
• CEO Jennifer Honeycutt sold 10,646 shares of the company, decreasing her ownership by 9.11%, maintaining about 106,219 shares valued at over $11.28 million.
• Institutional investors own 91.28% of Veralto, with various firms increasing their stakes during the first quarter, indicating strong institutional support for the company.

Sandler Capital Management reduced its stake in Veralto Corporation (NYSE:VLTO - Free Report) by 51.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,036 shares of the company's stock after selling 27,258 shares during the quarter. Sandler Capital Management's holdings in Veralto were worth $2,537,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Nissay Asset Management Corp Japan ADV raised its stake in Veralto by 1.2% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 31,146 shares of the company's stock worth $3,035,000 after purchasing an additional 383 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Veralto by 5.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,947 shares of the company's stock worth $2,529,000 after buying an additional 1,306 shares during the last quarter. Gotham Asset Management LLC raised its position in shares of Veralto by 26.7% during the 1st quarter. Gotham Asset Management LLC now owns 187,533 shares of the company's stock valued at $18,275,000 after buying an additional 39,540 shares during the period. Hall Laurie J Trustee lifted its holdings in Veralto by 6.0% in the first quarter. Hall Laurie J Trustee now owns 20,082 shares of the company's stock valued at $1,957,000 after acquiring an additional 1,133 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Veralto by 28.0% in the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company's stock worth $607,656,000 after acquiring an additional 1,363,502 shares during the period. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Stock Up 3.0%

NYSE:VLTO traded up $3.22 during midday trading on Thursday, reaching $109.23. The company had a trading volume of 1,188,810 shares, compared to its average volume of 1,333,922. The firm has a market capitalization of $27.11 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 3.49 and a beta of 0.91. The stock's fifty day simple moving average is $105.30 and its 200-day simple moving average is $99.82. 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.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.04. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The company's revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. On average, sell-side analysts anticipate that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto 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 transaction, the chief executive officer directly owned 106,219 shares of the company's stock, valued at $11,286,830.94. The trade was a 9.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.36% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on VLTO. 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. Robert W. Baird increased their target price on shares of Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada increased their price objective on shares of Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Finally, Raymond James Financial assumed coverage on Veralto in a research report on Tuesday, August 26th. They issued a "market perform" rating on the stock. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Veralto presently has an average 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.