Wellington Management Group LLP Increases Stake in Veralto Corporation $VLTO

Wellington Management Group LLP grew its position in Veralto Corporation (NYSE:VLTO) by 79.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 406,475 shares of the company’s stock after acquiring an additional 180,315 shares during the period. Wellington Management Group LLP owned about 0.17% of Veralto worth $36,046,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Ratan Capital Management LP purchased a new position in Veralto during the second quarter worth about $165,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Veralto during the 2nd quarter worth approximately $180,000. North Star Asset Management Inc. acquired a new position in Veralto during the 2nd quarter worth approximately $622,000. Public Employees Retirement System of Ohio purchased a new position in shares of Veralto during the 2nd quarter worth approximately $6,739,000. Finally, Ancora Advisors LLC purchased a new position in shares of Veralto during the 2nd quarter worth approximately $128,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity at Veralto

In related news, SVP Surekha Trivedi sold 986 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president owned 8,565 shares of the company’s stock, valued at approximately $831,233.25. This represents a 10.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jennifer Honeycutt sold 7,097 shares of Veralto stock in a transaction that occurred on Wednesday, July 29th. The stock was 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 of the company’s stock, valued at $12,597,109.20. The trade was a 5.41% 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. Insiders sold 15,180 shares of company stock worth $1,490,394 over the last quarter. Company insiders own 0.43% of the company’s stock.

Veralto Stock Performance

NYSE VLTO opened at $96.34 on Friday. The business has a 50 day moving average price of $95.22 and a 200 day moving average price of $90.83. The company has a market capitalization of $23.49 billion, a P/E ratio of 24.33, a PEG ratio of 2.78 and a beta of 0.60. Veralto Corporation has a 1-year low of $80.03 and a 1-year high of $109.86. 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 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. Veralto had a return on equity of 34.76% and a net margin of 17.35%.Veralto’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. Sell-side analysts expect that Veralto Corporation will post 4.41 EPS for the current fiscal year.

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.