Veralto Corporation $VLTO Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lowered its position in Veralto Corporation (NYSE:VLTO) by 15.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,227 shares of the company’s stock after selling 1,852 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Veralto were worth $1,032,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VLTO. Nuveen LLC acquired a new position in Veralto in the 1st quarter worth $172,399,000. Alliancebernstein L.P. lifted its holdings in Veralto by 28.0% in the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock worth $607,656,000 after buying an additional 1,363,502 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Veralto by 8.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock worth $1,027,264,000 after purchasing an additional 811,843 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Veralto by 26.8% in the 1st quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock worth $314,137,000 after purchasing an additional 682,123 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Veralto by 13.6% in the 1st quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company’s stock worth $415,074,000 after purchasing an additional 509,104 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Price Performance

Shares of NYSE:VLTO opened at $107.83 on Tuesday. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $115.00. The firm has a 50-day simple moving average of $105.62 and a 200 day simple moving average of $100.01. The company has a market cap of $26.76 billion, a PE ratio of 30.12, a P/E/G ratio of 3.62 and a beta of 0.91.

Veralto (NYSE:VLTO) last announced 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 the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue for the quarter 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. On average, sell-side analysts anticipate that Veralto Corporation will post 3.66 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VLTO shares. Wolfe Research raised shares of Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada boosted 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. Robert W. Baird boosted 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. Raymond James Financial started coverage on shares of Veralto in a research report on Tuesday, August 26th. They issued a “market perform” rating for the company. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $113.43.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the business’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $106.26, for a total transaction 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. The trade was a 9.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is owned by insiders.

About Veralto

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.