Knuff & Co LLC purchased a new stake in Veralto Corporation (NYSE:VLTO – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,983 shares of the company’s stock, valued at approximately $619,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of VLTO. Arbejdsmarkedets Tillaegspension lifted its stake in Veralto by 23.4% during the 1st quarter. Arbejdsmarkedets Tillaegspension now owns 291,695 shares of the company’s stock valued at $25,792,000 after acquiring an additional 55,348 shares in the last quarter. Danske Bank A S grew its stake in shares of Veralto by 18.8% in the 4th quarter. Danske Bank A S now owns 196,159 shares of the company’s stock worth $19,573,000 after acquiring an additional 31,070 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Veralto by 53.2% in the fourth quarter. M&T Bank Corp now owns 89,505 shares of the company’s stock valued at $8,931,000 after purchasing an additional 31,079 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Veralto by 14.6% in the fourth quarter. Teacher Retirement System of Texas now owns 593,907 shares of the company’s stock valued at $59,260,000 after purchasing an additional 75,664 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Veralto during the fourth quarter valued at about $4,511,000. Institutional investors own 91.28% of the company’s stock.
Wall Street Analyst Weigh In
VLTO has been the topic of several analyst reports. Wolfe Research restated an “outperform” rating and set a $109.00 price target on shares of Veralto in a report on Thursday, July 9th. Robert W. Baird set a $111.00 target price on shares of Veralto in a research report on Thursday, July 30th. Barclays boosted their target price on Veralto from $113.00 to $117.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. UBS Group upped their target price on Veralto from $98.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada increased their price target on Veralto from $100.00 to $109.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Veralto currently has an average rating of “Moderate Buy” and a consensus target price of $110.90.
Veralto Price Performance
Veralto stock opened at $100.09 on Thursday. Veralto Corporation has a 12 month low of $80.03 and a 12 month high of $110.11. The company has a current ratio of 1.78, a quick ratio of 1.61 and a debt-to-equity ratio of 0.86. The business’s 50 day simple moving average is $91.94 and its 200 day simple moving average is $90.45. The company has a market cap of $24.40 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 2.61 and a beta of 0.60.
Veralto (NYSE:VLTO – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. Veralto had a return on equity of 34.76% and a net margin of 17.35%.The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the business posted $0.93 earnings per share. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. Sell-side analysts forecast that Veralto Corporation will post 4.4 EPS for the current year.
Insider Buying and Selling at Veralto
In other news, SVP Surekha Trivedi sold 986 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $97.05, for a total transaction of $95,691.30. Following the completion of the transaction, the senior vice president owned 8,565 shares in the company, valued at approximately $831,233.25. This represents a 10.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jennifer Honeycutt sold 7,097 shares of Veralto stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total value of $720,487.44. Following the completion of the sale, the chief executive officer directly owned 124,085 shares of the company’s stock, valued at approximately $12,597,109.20. This trade represents a 5.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 15,180 shares of company stock valued at $1,490,394 in the last quarter. 0.43% of the stock is owned by corporate 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. This segment provides water solutions, including chemical reagents, services, and digital solutions.
See Also
- Five stocks we like better than Veralto
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding VLTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veralto Corporation (NYSE:VLTO – Free Report).
Receive News & Ratings for Veralto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veralto and related companies with MarketBeat.com's FREE daily email newsletter.
