Cullen Capital Management LLC Makes New Investment in Veralto Corporation $VLTO

Cullen Capital Management LLC bought a new position in shares of Veralto Corporation (NYSE:VLTO) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 10,547 shares of the company’s stock, valued at approximately $935,000.

Other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC increased its stake in shares of Veralto by 0.7% in the 3rd quarter. Private Advisor Group LLC now owns 15,777 shares of the company’s stock valued at $1,682,000 after purchasing an additional 109 shares in the last quarter. Larson Financial Group LLC boosted its position in Veralto by 18.9% during the third quarter. Larson Financial Group LLC now owns 735 shares of the company’s stock worth $78,000 after purchasing an additional 117 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Veralto by 82.2% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock valued at $29,000 after purchasing an additional 129 shares during the period. Valeo Financial Advisors LLC grew its holdings in Veralto by 5.0% in the second quarter. Valeo Financial Advisors LLC now owns 2,751 shares of the company’s stock valued at $244,000 after purchasing an additional 131 shares during the period. Finally, Nolet Wealth Management LLC increased its position in shares of Veralto by 1.0% in the second quarter. Nolet Wealth Management LLC now owns 15,277 shares of the company’s stock valued at $1,355,000 after buying an additional 146 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 7,097 shares of Veralto stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total value of $720,487.44. Following the sale, the chief executive officer owned 124,085 shares in the company, valued at $12,597,109.20. The trade was a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $97.05, for a total value of $95,691.30. Following the completion of the transaction, the senior vice president directly 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 three months, insiders have sold 15,180 shares of company stock valued at $1,490,394. 0.43% of the stock is owned by insiders.

Veralto Stock Performance

Veralto stock opened at $99.34 on Tuesday. The firm has a 50 day simple moving average of $92.92 and a 200-day simple moving average of $90.45. The stock has a market cap of $24.22 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60. 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 Corporation has a 1-year low of $80.03 and a 1-year high of $109.86.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.01 by $0.10. Veralto had a net margin of 17.35% and a return on equity of 34.76%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the company earned $0.93 EPS. The business’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. On average, analysts expect that Veralto Corporation will post 4.4 EPS for the current year.

Analyst Ratings Changes

VLTO has been the subject of several recent research reports. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $120.00 price target (up from $115.00) on shares of Veralto in a report on Thursday, July 30th. UBS Group boosted their price objective on Veralto from $98.00 to $104.00 and gave the stock a “neutral” rating 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 report on Thursday, July 30th. Stifel Nicolaus raised their target price on Veralto from $111.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Veralto in a report on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.90.

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.