Swedbank AB Acquires 162,333 Shares of Veralto Corporation $VLTO

Swedbank AB raised its holdings in Veralto Corporation (NYSE:VLTO) by 12.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,428,549 shares of the company’s stock after buying an additional 162,333 shares during the quarter. Swedbank AB’s holdings in Veralto were worth $144,212,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Nuveen LLC bought a new stake in shares of Veralto in the first quarter valued at approximately $172,399,000. Alliancebernstein L.P. grew its position 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 purchasing an additional 1,363,502 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Veralto by 8.3% during 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 period. JPMorgan Chase & Co. increased its holdings in shares of Veralto by 26.8% during 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 period. Finally, Bank of New York Mellon Corp raised its position in shares of Veralto by 13.6% during the first quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company’s stock valued at $415,074,000 after buying an additional 509,104 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VLTO shares. Royal Bank Of Canada lifted their target price on Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 30th. Wolfe Research upgraded Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Robert W. Baird raised their target price on 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 target on shares of Veralto and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $113.43.

Veralto Stock Up 0.3%

Shares of NYSE VLTO opened at $106.88 on Thursday. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $115.00. The firm’s 50-day moving average is $105.79 and its 200-day moving average is $100.10. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $26.52 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 3.54 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Equities analysts expect that Veralto Corporation will post 3.66 EPS for the current year.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $106.26, for a total transaction 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 trade represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.