California State Teachers Retirement System Purchases 33,236,748 Shares of Veralto Corporation $VLTO

California State Teachers Retirement System boosted its position in Veralto Corporation (NYSE:VLTO) by 8,155.1% during the second quarter, Holdings Channel.com reports. The fund owned 33,644,305 shares of the company’s stock after acquiring an additional 33,236,748 shares during the period. California State Teachers Retirement System owned 0.14% of Veralto worth $2,983,577,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. State Street Corp boosted its holdings in shares of Veralto by 2.6% during the fourth 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 during the period. Geode Capital Management LLC raised its position in Veralto by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 7,249,875 shares of the company’s stock valued at $720,876,000 after purchasing an additional 126,814 shares during the last quarter. First Trust Advisors LP raised its position in Veralto by 31.5% during the 1st quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock valued at $543,817,000 after purchasing an additional 1,472,304 shares during the last quarter. Invesco Ltd. lifted its holdings in Veralto by 6.3% in the 4th quarter. Invesco Ltd. now owns 4,595,043 shares of the company’s stock worth $458,493,000 after buying an additional 272,036 shares during the period. Finally, Amundi lifted its holdings in Veralto by 16.3% in the 1st quarter. Amundi now owns 3,797,526 shares of the company’s stock worth $335,785,000 after buying an additional 531,478 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jennifer Honeycutt sold 7,097 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $101.52, for a total transaction of $720,487.44. Following the sale, the chief executive officer 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 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, SVP Surekha Trivedi sold 986 shares of the business’s stock in a transaction on 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 owned 8,565 shares in the company, valued at approximately $831,233.25. This trade represents a 10.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 15,180 shares of company stock valued at $1,490,394. 0.43% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

VLTO has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on Veralto from $102.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Veralto in a report on Wednesday, June 24th. BNP Paribas Exane reaffirmed 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. Barclays lifted their price target on shares of Veralto from $113.00 to $117.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, Stifel Nicolaus boosted their price objective on shares of Veralto from $111.00 to $114.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.90.

Veralto Stock Down 1.3%

VLTO stock opened at $93.50 on Friday. Veralto Corporation has a fifty-two week low of $80.03 and a fifty-two week high of $109.86. The company has a market capitalization of $22.79 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 2.69 and a beta of 0.60. The business’s 50 day moving average price is $95.62 and its two-hundred day moving average price is $90.86. 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 earnings results on Tuesday, July 28th. The company reported $1.11 EPS 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 company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the business posted $0.93 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. 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, analysts forecast that Veralto Corporation will post 4.41 earnings per share for the current fiscal year.

Veralto Profile

Veralto Corporation (NYSE: VLTO) is a global provider of technology, equipment, software and services focused on water quality and product quality. The company serves municipal, industrial, commercial and consumer markets, helping customers monitor and manage water systems while improving the production, packaging and identification of products.

Veralto operates through two primary segments. Its Water Quality businesses provide water analytics, testing and monitoring systems, treatment technologies, flow measurement equipment and related software and services.