Voleon Capital Management LP Purchases 37,726 Shares of Veralto Corporation $VLTO

Key Points

• Voleon Capital Management LP increased its stake in Veralto Corporation by 56.8% to own 104,166 shares, making it the 23rd largest position in their portfolio, valued at approximately $10.15 million.
• Several institutional investors have also ramped up their holdings in Veralto, with Nuveen LLC purchasing a new position worth $172.4 million during the first quarter.
• Veralto reported quarterly earnings beating estimates with an EPS of $0.93 and a net margin of 16.65%, while projecting a fiscal year 2025 EPS guidance of 3.720-3.800.

Voleon Capital Management LP boosted its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 56.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,166 shares of the company's stock after purchasing an additional 37,726 shares during the period. Veralto comprises 0.8% of Voleon Capital Management LP's portfolio, making the stock its 23rd largest holding. Voleon Capital Management LP's holdings in Veralto were worth $10,151,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VLTO. Bernard Wealth Management Corp. bought a new position in Veralto in the fourth quarter worth approximately $30,000. Truvestments Capital LLC raised its position in Veralto by 148.5% in the first quarter. Truvestments Capital LLC now owns 328 shares of the company's stock worth $32,000 after acquiring an additional 196 shares during the period. Opal Wealth Advisors LLC bought a new position in Veralto in the first quarter worth approximately $45,000. Grove Bank & Trust raised its position in Veralto by 198.2% in 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 period. Finally, Global Financial Private Client LLC raised its position in Veralto by 95.1% in 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 period. Institutional investors own 91.28% of the company's stock.

Analysts Set New Price Targets

VLTO has been the topic of several recent research reports. Robert W. Baird increased their price target 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. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Raymond James Financial began coverage on shares of Veralto in a research note on Tuesday, August 26th. They issued a "market perform" rating for the company. Wolfe Research raised shares of Veralto from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Finally, 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 note on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $113.43.

Veralto Price Performance

Shares of NYSE:VLTO traded down $0.09 on Friday, reaching $109.02. The company's stock had a trading volume of 1,253,217 shares, compared to its average volume of 877,373. Veralto Corporation has a 52-week low of $83.86 and a 52-week high of $115.00. The company has a market cap of $27.05 billion, a P/E ratio of 30.45, a PEG ratio of 3.62 and a beta of 0.91. The company has a 50-day simple moving average of $105.52 and a 200 day simple moving average of $99.94. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping 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 analysts' expectations of $1.34 billion. During the same period last year, the company posted $0.85 EPS. The business's revenue was up 6.4% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. As a group, equities research analysts anticipate that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Insider Activity at Veralto

In other Veralto 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 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 filing with the SEC, which is available at this link. 0.36% of the stock is owned by insiders.

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.