North Star Asset Management Inc. Purchases Shares of 7,016 Veralto Corporation $VLTO

North Star Asset Management Inc. purchased a new position in shares of Veralto Corporation (NYSE:VLTO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,016 shares of the company’s stock, valued at approximately $622,000.

A number of other hedge funds have also recently made changes to their positions in the business. Arbejdsmarkedets Tillaegspension boosted its position in Veralto by 23.4% in the first quarter. Arbejdsmarkedets Tillaegspension now owns 291,695 shares of the company’s stock valued at $25,792,000 after buying an additional 55,348 shares in the last quarter. Danske Bank A S increased its holdings in shares of Veralto by 18.8% during the fourth quarter. Danske Bank A S now owns 196,159 shares of the company’s stock worth $19,573,000 after buying an additional 31,070 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Veralto by 9.1% in the second quarter. Handelsbanken Fonder AB now owns 219,254 shares of the company’s stock valued at $19,443,000 after acquiring an additional 18,277 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Veralto in the fourth quarter valued at approximately $4,511,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Veralto by 5.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 526,204 shares of the company’s stock worth $51,831,000 after acquiring an additional 25,999 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Veralto Trading Up 0.1%

Shares of NYSE:VLTO opened at $98.45 on Friday. The company has a market capitalization of $24.00 billion, a P/E ratio of 24.86, a P/E/G ratio of 2.67 and a beta of 0.60. Veralto Corporation has a 1 year low of $80.03 and a 1 year high of $109.86. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.61. The business’s 50 day simple moving average is $94.11 and its 200 day simple moving average is $90.67.

Veralto (NYSE:VLTO) last issued 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 analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 EPS. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. On average, research analysts anticipate that Veralto Corporation will post 4.41 EPS for the current fiscal year.

Analysts Set New Price Targets

VLTO has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Veralto in a research note on Wednesday, June 24th. BNP Paribas Exane reiterated an “outperform” rating and issued a $120.00 price objective (up from $115.00) on shares of Veralto in a research report on Thursday, July 30th. Barclays boosted their price objective on Veralto from $113.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Robert W. Baird set a $111.00 target price on shares of Veralto in a research report on Thursday, July 30th. Finally, Stifel Nicolaus raised their target price on shares of Veralto from $111.00 to $114.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.90.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 7,097 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total value of $720,487.44. Following the transaction, the chief executive officer directly owned 124,085 shares of the company’s stock, valued at approximately $12,597,109.20. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a 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, SVP Surekha Trivedi sold 986 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $97.05, for a total value of $95,691.30. Following the transaction, the senior vice president owned 8,565 shares in the company, valued at $831,233.25. The trade was a 10.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,180 shares of company stock worth $1,490,394 over the last three months. 0.43% of the stock is owned by company 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.