Swedbank AB Sells 108,920 Shares of Veralto Corporation $VLTO

Key Points

• Swedbank AB has reduced its stake in Veralto Corporation by 7.9%, selling 108,920 shares, which leaves it holding approximately 1,266,216 shares valued at about $123.39 million.
• CEO Jennifer Honeycutt sold 10,646 shares at an average price of $106.26, resulting in a decrease of her ownership by 9.11%.
• Veralto reported earnings of $0.93 per share for the last quarter, surpassing analysts' expectations, and has set a fiscal year 2025 EPS guidance between 3.720 and 3.800.

Swedbank AB decreased its holdings in Veralto Corporation (NYSE:VLTO - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,266,216 shares of the company's stock after selling 108,920 shares during the quarter. Swedbank AB owned 0.51% of Veralto worth $123,393,000 at the end of the most recent quarter.

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

Veralto Stock Performance

Shares of VLTO stock traded down $1.21 during trading hours on Monday, hitting $107.83. 1,592,599 shares of the company were exchanged, compared to its average volume of 883,536. The firm has a fifty day simple moving average of $105.62 and a 200 day simple moving average of $100.01. 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 Corporation has a 52-week low of $83.86 and a 52-week high of $115.00. The stock has a market capitalization of $26.76 billion, a price-to-earnings ratio of 30.12, a P/E/G ratio of 3.62 and a beta of 0.91.

Veralto (NYSE:VLTO - Get Free Report) last released 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. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business earned $0.85 EPS. Veralto'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. Research analysts predict that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the firm'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 completion of the transaction, the chief executive officer directly owned 106,219 shares of the company's stock, valued at $11,286,830.94. This trade represents a 9.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank Of Canada lifted their target price 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. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a "buy" 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 set a "market perform" rating on the stock. Wolfe Research raised shares of Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Finally, Robert W. Baird lifted their target price on shares of Veralto from $106.00 to $112.00 and gave the stock a "neutral" 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, the company has a consensus rating of "Moderate Buy" and an average 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.