Korea Investment CORP Sells 4,478 Shares of Veralto Corporation $VLTO

Korea Investment CORP lessened its holdings in Veralto Corporation (NYSE:VLTO) by 2.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 186,655 shares of the company’s stock after selling 4,478 shares during the quarter. Korea Investment CORP’s holdings in Veralto were worth $18,190,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of Veralto in the first quarter worth about $172,399,000. BNP Paribas Financial Markets bought a new position in Veralto during the 4th quarter worth approximately $96,888,000. JPMorgan Chase & Co. increased its stake in Veralto by 26.8% in the 1st quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock worth $314,137,000 after purchasing an additional 682,123 shares during the period. Bank of New York Mellon Corp lifted its position in Veralto by 13.6% in the first quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company’s stock valued at $415,074,000 after purchasing an additional 509,104 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Veralto by 15.8% in the fourth quarter. Northern Trust Corp now owns 3,157,143 shares of the company’s stock valued at $321,555,000 after purchasing an additional 431,607 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Trading Up 0.7%

NYSE:VLTO opened at $108.8550 on Thursday. The company has a 50-day moving average price of $103.12 and a 200-day moving average price of $99.02. The stock has a market cap of $27.01 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 3.56 and a beta of 0.91. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $115.00.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. Veralto’s quarterly revenue was up 6.4% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Equities analysts predict that Veralto Corporation will post 3.66 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on VLTO shares. Wolfe Research upgraded shares of Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Northcoast Research began coverage on shares of Veralto in a research report on Tuesday, May 6th. They issued a “buy” rating and a $110.00 price objective on the stock. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada increased their target price on shares of Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. Finally, Robert W. Baird boosted their price target on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $113.43.

Insider Activity at Veralto

In related news, SVP Surekha Trivedi sold 848 shares of Veralto stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $100.55, for a total transaction of $85,266.40. Following the sale, the senior vice president directly owned 8,433 shares in the company, valued at $847,938.15. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by 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.