Saudi Central Bank Purchases 8,024 Shares of Veralto Corporation $VLTO

Saudi Central Bank grew its position in shares of Veralto Corporation (NYSE:VLTO) by 87.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,189 shares of the company’s stock after buying an additional 8,024 shares during the period. Saudi Central Bank’s holdings in Veralto were worth $1,524,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of VLTO. State Street Corp grew its position in shares of Veralto by 2.6% during the 4th quarter. State Street Corp now owns 10,720,184 shares of the company’s stock worth $1,071,035,000 after purchasing an additional 270,356 shares in the last quarter. Geode Capital Management LLC increased its stake in Veralto by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 7,249,875 shares of the company’s stock worth $720,876,000 after acquiring an additional 126,814 shares during the period. First Trust Advisors LP raised its holdings in 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 acquiring an additional 1,472,304 shares in the last quarter. Invesco Ltd. lifted its position in shares of Veralto by 6.3% during the 4th quarter. Invesco Ltd. now owns 4,595,043 shares of the company’s stock valued at $458,493,000 after acquiring an additional 272,036 shares during the period. Finally, Amundi grew its holdings in shares of Veralto by 16.3% during the 1st quarter. Amundi now owns 3,797,526 shares of the company’s stock worth $335,785,000 after purchasing an additional 531,478 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Activity

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

Veralto Trading Down 0.7%

NYSE:VLTO opened at $95.60 on Wednesday. Veralto Corporation has a 12 month low of $80.03 and a 12 month high of $109.86. 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 stock has a market capitalization of $23.31 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 2.73 and a beta of 0.60. The firm has a fifty day simple moving average of $95.51 and a two-hundred day simple moving average of $90.85.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. The firm 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 company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm 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. Analysts expect that Veralto Corporation will post 4.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Barclays upped their price objective on shares of Veralto from $113.00 to $117.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Citigroup boosted their price target on Veralto from $102.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Robert W. Baird set a $111.00 target price on Veralto in a research report on Thursday, July 30th. Wolfe Research reissued an “outperform” rating and issued a $109.00 target price on shares of Veralto in a report on Thursday, July 9th. Finally, BNP Paribas Exane restated an “outperform” rating and issued a $120.00 price target (up from $115.00) on shares of Veralto in a research note on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Veralto has a consensus rating of “Moderate Buy” and a consensus target price of $110.90.

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.