Handelsbanken Fonder AB Boosts Position in Veralto Corporation $VLTO

Handelsbanken Fonder AB raised its holdings in shares of Veralto Corporation (NYSE:VLTO) by 9.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 219,254 shares of the company’s stock after buying an additional 18,277 shares during the period. Handelsbanken Fonder AB’s holdings in Veralto were worth $19,443,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Veralto by 30.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,602 shares of the company’s stock valued at $6,147,000 after acquiring an additional 14,219 shares in the last quarter. Arbejdsmarkedets Tillaegspension increased its holdings in shares of Veralto by 23.4% during the first quarter. Arbejdsmarkedets Tillaegspension now owns 291,695 shares of the company’s stock worth $25,792,000 after purchasing an additional 55,348 shares during the period. Border to Coast Pensions Partnership Ltd raised its position in shares of Veralto by 22.9% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 386,090 shares of the company’s stock valued at $38,594,000 after buying an additional 71,910 shares in the last quarter. Danske Bank A S boosted its stake in shares of Veralto by 18.8% in the fourth quarter. Danske Bank A S now owns 196,159 shares of the company’s stock valued at $19,573,000 after buying an additional 31,070 shares during the period. Finally, M&T Bank Corp boosted its stake in shares of Veralto by 53.2% in the fourth quarter. M&T Bank Corp now owns 89,505 shares of the company’s stock valued at $8,931,000 after buying an additional 31,079 shares during the period. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on VLTO shares. Robert W. Baird set a $111.00 price objective on Veralto in a research note on Thursday, July 30th. Barclays upped their target price on Veralto from $113.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Royal Bank Of Canada increased their target price on Veralto from $100.00 to $109.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Wolfe Research restated an “outperform” rating and issued a $109.00 price target on shares of Veralto in a research report on Thursday, July 9th. Finally, Stifel Nicolaus boosted their price target on 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 five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.90.

Veralto Trading Down 1.2%

Shares of VLTO opened at $96.78 on Thursday. Veralto Corporation has a 52-week low of $80.03 and a 52-week high of $110.11. The business’s fifty day moving average is $90.67 and its 200-day moving average is $90.54. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.61 and a current ratio of 1.78. The firm has a market cap of $23.59 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 2.66 and a beta of 0.60.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. The company 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%.Veralto’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous 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. Equities analysts anticipate that Veralto Corporation will post 4.4 EPS for the current fiscal year.

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 7,097 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $101.52, for a total value of $720,487.44. Following the completion of 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.

About Veralto

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.