Veralto Corporation $VLTO Shares Acquired by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in Veralto Corporation by 4.6% during Q1, now owning 588,921 shares valued at $57.39 million.
• Veralto's recent quarterly earnings showed an EPS of $0.93, exceeding estimates, with a 6.4% year-over-year revenue growth totaling $1.37 billion.
• Analysts have a positive outlook on Veralto, with a consensus rating of "Moderate Buy" and an average target price of $113.43.

Wellington Management Group LLP boosted its stake in shares of Veralto Corporation (NYSE:VLTO - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 588,921 shares of the company's stock after purchasing an additional 25,819 shares during the quarter. Wellington Management Group LLP owned approximately 0.24% of Veralto worth $57,390,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in VLTO. Brighton Jones LLC increased its holdings in shares of Veralto by 16.1% in the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company's stock valued at $352,000 after acquiring an additional 479 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Veralto by 10.2% in the 4th quarter. NewEdge Advisors LLC now owns 4,802 shares of the company's stock valued at $489,000 after acquiring an additional 443 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Veralto by 21.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 865,943 shares of the company's stock valued at $88,197,000 after acquiring an additional 153,814 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of Veralto by 4.9% in the 4th quarter. MML Investors Services LLC now owns 53,529 shares of the company's stock valued at $5,452,000 after acquiring an additional 2,488 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings in shares of Veralto by 5.0% in the 4th quarter. OneDigital Investment Advisors LLC now owns 5,022 shares of the company's stock valued at $511,000 after acquiring an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Stock Performance

Veralto stock traded up $0.37 during mid-day trading on Wednesday, reaching $107.48. 259,289 shares of the company were exchanged, compared to its average volume of 1,357,770. Veralto Corporation has a twelve month low of $83.86 and a twelve month high of $115.00. The firm's 50-day simple moving average is $103.94 and its two-hundred day simple moving average is $99.27. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32. The firm has a market cap of $26.67 billion, a PE ratio of 30.02, a price-to-earnings-growth ratio of 3.53 and a beta of 0.91.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data 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. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period last year, the firm earned $0.85 EPS. The firm's revenue for the quarter 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. Equities analysts predict that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

VLTO has been the topic of a number of recent analyst reports. Northcoast Research initiated coverage on Veralto in a report on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price objective on the stock. Robert W. Baird increased their price objective on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a 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. Raymond James Financial initiated coverage on Veralto in a research report on Tuesday. They issued a "market perform" rating for the company. Finally, Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $113.43.

Insiders Place Their Bets

In other news, SVP Surekha Trivedi sold 848 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $100.55, for a total value of $85,266.40. Following the completion of the sale, the senior vice president directly owned 8,433 shares of the company's stock, valued at $847,938.15. This trade represents a 9.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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.