Plato Investment Management Ltd Takes Position in Veralto Corporation $VLTO

Plato Investment Management Ltd bought a new stake in Veralto Corporation (NYSE:VLTO) during the second quarter, HoldingsChannel reports. The firm bought 11,670 shares of the company’s stock, valued at approximately $1,029,000.

Other large investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Veralto by 30.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,602 shares of the company’s stock valued at $6,147,000 after buying an additional 14,219 shares during the last quarter. Arbejdsmarkedets Tillaegspension increased its holdings in 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 buying an additional 55,348 shares during the last quarter. Danske Bank A S raised its position in Veralto by 18.8% during the fourth quarter. Danske Bank A S now owns 196,159 shares of the company’s stock worth $19,573,000 after acquiring an additional 31,070 shares in the last quarter. M&T Bank Corp raised its position in Veralto by 53.2% during the fourth quarter. M&T Bank Corp now owns 89,505 shares of the company’s stock worth $8,931,000 after acquiring an additional 31,079 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Veralto by 14.6% in the fourth quarter. Teacher Retirement System of Texas now owns 593,907 shares of the company’s stock valued at $59,260,000 after acquiring an additional 75,664 shares during the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VLTO has been the subject of a number of analyst reports. Wolfe Research reissued an “outperform” rating and issued a $109.00 price objective on shares of Veralto in a research report on Thursday, July 9th. Royal Bank Of Canada upped their target price on shares of Veralto from $100.00 to $109.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Citigroup raised their target price on shares of Veralto from $102.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Stifel Nicolaus boosted their price target on Veralto from $111.00 to $114.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, UBS Group upped their price objective on Veralto from $98.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.90.

Veralto Price Performance

NYSE:VLTO opened at $96.22 on Wednesday. The company has a market cap of $23.46 billion, a P/E ratio of 24.30, a P/E/G ratio of 2.65 and a beta of 0.60. The firm’s fifty day moving average price is $91.59 and its two-hundred day moving average price is $90.44. Veralto Corporation has a one year low of $80.03 and a one year high of $110.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.61.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share (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 net margin of 17.35% and a return on equity of 34.76%. Veralto’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $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 expect that Veralto Corporation will post 4.4 earnings per share for the current year.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 7,097 shares of the firm’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 transaction of $720,487.44. Following the completion of the sale, the chief executive officer directly owned 124,085 shares in the company, valued at $12,597,109.20. This trade represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is owned by company insiders.

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.