Formuepleje A S Buys 16,240 Shares of Veralto Corporation $VLTO

Formuepleje A S lifted its position in Veralto Corporation (NYSE:VLTO) by 61.8% during the second quarter, HoldingsChannel.com reports. The fund owned 42,528 shares of the company’s stock after purchasing an additional 16,240 shares during the period. Formuepleje A S’s holdings in Veralto were worth $3,771,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of VLTO. California State Teachers Retirement System raised its holdings in Veralto by 8,155.1% in the second quarter. California State Teachers Retirement System now owns 33,644,305 shares of the company’s stock worth $2,983,577,000 after purchasing an additional 33,236,748 shares during the period. State Street Corp grew its holdings in shares of Veralto by 2.6% in the 4th quarter. State Street Corp now owns 10,720,184 shares of the company’s stock valued at $1,071,035,000 after buying an additional 270,356 shares during the period. Geode Capital Management LLC grew its holdings in shares of Veralto by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 7,249,875 shares of the company’s stock valued at $720,876,000 after buying an additional 126,814 shares during the period. First Trust Advisors LP increased its position in shares of Veralto by 31.5% in the 1st quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock valued at $543,817,000 after buying an additional 1,472,304 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Veralto by 6.3% in the 4th quarter. Invesco Ltd. now owns 4,595,043 shares of the company’s stock valued at $458,493,000 after buying an additional 272,036 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Analyst Ratings Changes

VLTO has been the topic of a number of research analyst reports. UBS Group raised their price target on Veralto from $98.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. BNP Paribas Exane reissued an “outperform” rating and set a $120.00 target price (up from $115.00) on shares of Veralto in a research note on Thursday, July 30th. Wolfe Research restated an “outperform” rating and set a $109.00 target price on shares of Veralto in a report on Thursday, July 9th. Stifel Nicolaus lifted their price target 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. Finally, Royal Bank Of Canada upped their price target on shares of Veralto from $100.00 to $109.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.90.

Insiders Place Their Bets

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

Veralto Stock Up 0.0%

NYSE:VLTO opened at $96.34 on Monday. The stock has a 50-day simple moving average of $95.22 and a 200 day simple moving average of $90.81. Veralto Corporation has a 52-week low of $80.03 and a 52-week high of $109.86. The company has a market cap of $23.49 billion, a PE ratio of 24.33, a PEG ratio of 2.73 and a beta of 0.60. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.61 and a current ratio of 1.78.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. The firm 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 was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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, sell-side analysts expect that Veralto Corporation will post 4.41 EPS for the current fiscal year.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.