MBB Public Markets I LLC Invests $315,000 in Veralto Corporation $VLTO

MBB Public Markets I LLC bought a new stake in Veralto Corporation (NYSE:VLTO) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,234 shares of the company’s stock, valued at approximately $315,000.

Several other hedge funds and other institutional investors have also bought and sold shares of VLTO. Nuveen LLC acquired a new position in Veralto in the first quarter valued at $172,399,000. Alliancebernstein L.P. lifted its holdings in Veralto by 28.0% in the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock valued at $607,656,000 after buying an additional 1,363,502 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Veralto by 8.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock valued at $1,027,264,000 after buying an additional 811,843 shares during the period. JPMorgan Chase & Co. lifted its holdings in Veralto by 26.8% in the first quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock valued at $314,137,000 after buying an additional 682,123 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Veralto by 13.6% in 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 period. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Trading Down 1.7%

VLTO opened at $105.06 on Wednesday. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $115.00. 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 company has a market cap of $26.07 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 3.55 and a beta of 0.91. The company has a fifty day moving average price of $105.24 and a two-hundred day moving average price of $99.78.

Veralto (NYSE:VLTO) last posted its earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Analysts predict that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VLTO. Raymond James Financial began coverage on shares of Veralto in a report on Tuesday, August 26th. They issued a “market perform” rating on the stock. Royal Bank Of Canada boosted their target price on shares of Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a 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 company a “neutral” rating in a report on Wednesday, July 30th. Wolfe Research raised shares of Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 price target on shares of Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.43.

Insider Activity at Veralto

In other 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.36% of the stock is currently owned by insiders.

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.