Sandler Capital Management Trims Stock Position in Veralto Corporation $VLTO

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 lessened its position in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 51.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm 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 reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC grew its position in Veralto by 11.5% during the first quarter. Park Avenue Securities LLC now owns 19,213 shares of the company's stock valued at $1,872,000 after buying an additional 1,985 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Veralto by 1.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company's stock valued at $856,000 after buying an additional 113 shares during the period. Royal Bank of Canada grew its position in Veralto by 13.1% during the first quarter. Royal Bank of Canada now owns 1,177,453 shares of the company's stock valued at $114,741,000 after buying an additional 136,708 shares during the period. Allspring Global Investments Holdings LLC grew its position in Veralto by 9.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 26,833 shares of the company's stock valued at $2,619,000 after buying an additional 2,313 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Veralto by 3.0% during the first quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company's stock valued at $1,417,000 after buying an additional 429 shares during the period. Institutional investors and hedge funds own 91.28% of the company's stock.

Veralto Price Performance

VLTO traded down $1.66 on Tuesday, reaching $105.25. 109,239 shares of the company's stock were exchanged, compared to its average volume of 1,332,459. The stock has a market cap of $26.12 billion, a PE ratio of 29.40, a P/E/G ratio of 3.51 and a beta of 0.91. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $115.00. The stock's fifty day moving average price is $105.19 and its 200-day moving average price is $99.74. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. The firm 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%. Veralto's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business 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 expect that Veralto Corporation will post 3.66 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VLTO. Robert W. Baird raised their price target 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. Raymond James Financial assumed coverage on shares of Veralto in a research report on Tuesday, August 26th. They issued a "market perform" rating on the stock. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the company a "buy" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada lifted their target price 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, Wolfe Research upgraded shares of Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.