VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Holdings in Veralto Corporation $VLTO

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Veralto Corporation (NYSE:VLTO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 156,592 shares of the company’s stock, valued at approximately $13,887,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. California State Teachers Retirement System boosted its holdings in Veralto by 8,155.1% in the 2nd quarter. California State Teachers Retirement System now owns 33,644,305 shares of the company’s stock valued at $2,983,577,000 after purchasing an additional 33,236,748 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Veralto during the 2nd quarter valued at $235,200,000. Norges Bank bought a new position in shares of Veralto in the fourth quarter worth $261,340,000. First Trust Advisors LP increased its holdings in shares of Veralto by 31.5% in the first quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock worth $543,817,000 after purchasing an additional 1,472,304 shares during the period. Finally, FIL Ltd raised its position in shares of Veralto by 263.8% in the fourth quarter. FIL Ltd now owns 1,798,310 shares of the company’s stock worth $179,435,000 after buying an additional 1,303,940 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Veralto

In other news, CEO Jennifer Honeycutt sold 7,097 shares of the business’s 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 completion of the sale, the chief executive officer directly owned 124,085 shares in the company, valued at approximately $12,597,109.20. The trade was a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $97.05, for a total transaction of $95,691.30. Following the completion of the sale, the senior vice president directly owned 8,565 shares of the company’s stock, valued at $831,233.25. This represents a 10.32% 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. Over the last three months, insiders have 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%

Shares of NYSE:VLTO opened at $96.34 on Tuesday. The firm has a market capitalization of $23.49 billion, a PE ratio of 24.33, a price-to-earnings-growth 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 Corporation has a 52-week low of $80.03 and a 52-week high of $109.86. The firm has a fifty day moving average of $95.38 and a 200 day moving average of $90.84.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. Veralto had a return on equity of 34.76% and a net margin of 17.35%.The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the business posted $0.93 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. As a group, research analysts anticipate that Veralto Corporation will post 4.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VLTO. Barclays lifted their price objective on Veralto from $113.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Wolfe Research reiterated an “outperform” rating and set a $109.00 price target on shares of Veralto in a research report on Thursday, July 9th. Robert W. Baird set a $111.00 price target on Veralto in a research report on Thursday, July 30th. Royal Bank Of Canada boosted their price objective on Veralto from $100.00 to $109.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Finally, Citigroup upped their price objective on shares of Veralto from $102.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.