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 increased its position in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 56.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 104,166 shares of the company's stock after acquiring an additional 37,726 shares during the period. Veralto comprises about 0.8% of Voleon Capital Management LP's portfolio, making the stock its 23rd biggest position. Voleon Capital Management LP's holdings in Veralto were worth $10,151,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bernard Wealth Management Corp. bought a new stake in Veralto during the 4th quarter worth $30,000. Truvestments Capital LLC grew its position in shares of Veralto by 148.5% in the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company's stock valued at $32,000 after buying an additional 196 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Veralto in the 1st quarter valued at about $45,000. Grove Bank & Trust grew its position in shares of Veralto by 198.2% in the 1st quarter. Grove Bank & Trust now owns 510 shares of the company's stock valued at $50,000 after buying an additional 339 shares during the last quarter. Finally, Global Financial Private Client LLC grew its position in shares of Veralto by 95.1% in the 1st quarter. Global Financial Private Client LLC now owns 593 shares of the company's stock valued at $58,000 after buying an additional 289 shares during the last quarter. Institutional investors own 91.28% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on VLTO. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Raymond James Financial began coverage on Veralto in a research report on Tuesday, August 26th. They issued a "market perform" rating on the stock. Robert W. Baird upped their price target on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada upped their target price on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 target price on Veralto and gave the company a "buy" rating in a research report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $113.43.

Veralto Trading Down 0.1%

Shares of Veralto stock traded down $0.09 on Friday, hitting $109.02. 1,253,217 shares of the company's stock traded hands, compared to its average volume of 877,373. Veralto Corporation has a one year low of $83.86 and a one year high of $115.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The company has a fifty day moving average of $105.52 and a two-hundred day moving average of $99.95. The company has a market capitalization of $27.05 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 3.62 and a beta of 0.91.

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

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the transaction, the chief executive officer owned 106,219 shares in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.36% of the company's stock.

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.