Public Employees Retirement System of Ohio Takes Position in Veralto Corporation $VLTO

Public Employees Retirement System of Ohio purchased a new stake in shares of Veralto Corporation (NYSE:VLTO) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 75,988 shares of the company’s stock, valued at approximately $6,739,000.

A number of other institutional investors also recently bought and sold shares of VLTO. Bank of New York Mellon Corp purchased a new stake in Veralto in the second quarter worth about $235,200,000. Norges Bank purchased a new position in shares of Veralto during the 4th quarter worth approximately $261,340,000. First Trust Advisors LP grew its holdings in shares of Veralto by 31.5% during the 1st quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock worth $543,817,000 after acquiring an additional 1,472,304 shares during the period. FIL Ltd raised its position in shares of Veralto by 263.8% in the 4th quarter. FIL Ltd now owns 1,798,310 shares of the company’s stock worth $179,435,000 after acquiring an additional 1,303,940 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Veralto by 86.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,157,211 shares of the company’s stock worth $226,615,000 after acquiring an additional 997,778 shares in the last quarter. 91.28% of the stock is owned by institutional investors.

Insider Activity at Veralto

In other Veralto news, SVP Surekha Trivedi sold 986 shares of Veralto stock in a transaction on Monday, August 17th. The stock was sold at an average price of $97.05, for a total value of $95,691.30. Following the completion of the sale, the senior vice president owned 8,565 shares of the company’s stock, valued at approximately $831,233.25. This trade represents a 10.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jennifer Honeycutt sold 7,097 shares of the business’s 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 completion of the transaction, the chief executive officer owned 124,085 shares of the company’s stock, valued at $12,597,109.20. This represents a 5.41% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,180 shares of company stock worth $1,490,394 over the last ninety days. 0.43% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on VLTO shares. Weiss Ratings restated a “hold (c)” rating on shares of Veralto in a research report on Wednesday, June 24th. UBS Group increased their price objective on Veralto from $98.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. BNP Paribas Exane reissued an “outperform” rating and set a $120.00 price objective (up from $115.00) on shares of Veralto in a research report on Thursday, July 30th. Robert W. Baird set a $111.00 price objective on Veralto in a research report on Thursday, July 30th. Finally, Barclays upped their target price on shares of Veralto from $113.00 to $117.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Veralto presently has a consensus rating of “Moderate Buy” and an average price target of $110.90.

Veralto Stock Down 1.6%

NYSE:VLTO opened at $96.98 on Wednesday. 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 $23.64 billion, a P/E ratio of 24.49, a P/E/G ratio of 2.80 and a beta of 0.60. Veralto Corporation has a fifty-two week low of $80.03 and a fifty-two week high of $109.86. The firm has a 50-day simple moving average of $94.67 and a two-hundred day simple moving average of $90.71.

Veralto (NYSE:VLTO) last issued its earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The business’s revenue 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. Analysts predict that Veralto Corporation will post 4.41 earnings per share for the current fiscal year.

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.