Voleon Capital Management LP Buys 37,726 Shares of Veralto Corporation $VLTO

Voleon Capital Management LP increased its stake in Veralto Corporation (NYSE:VLTO) by 56.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 104,166 shares of the company’s stock after acquiring an additional 37,726 shares during the period. Veralto comprises 0.8% of Voleon Capital Management LP’s holdings, making the stock its 23rd largest position. Voleon Capital Management LP’s holdings in Veralto were worth $10,151,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its stake in Veralto by 4.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,670,959 shares of the company’s stock worth $162,835,000 after buying an additional 72,272 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Veralto in the first quarter worth about $1,189,000. USS Investment Management Ltd raised its stake in Veralto by 5.6% in the first quarter. USS Investment Management Ltd now owns 25,827 shares of the company’s stock worth $2,516,000 after buying an additional 1,362 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in Veralto by 5.7% in the first quarter. UniSuper Management Pty Ltd now owns 27,661 shares of the company’s stock worth $2,696,000 after buying an additional 1,486 shares in the last quarter. Finally, Scientech Research LLC bought a new position in Veralto in the first quarter worth about $664,000. 91.28% of the stock is owned by institutional investors.

Insider Activity at Veralto

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the sale, the chief executive officer owned 106,219 shares in the company, valued at $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.36% of the stock is currently owned by insiders.

Veralto Trading Down 0.9%

NYSE:VLTO opened at $105.68 on Monday. The company’s 50 day moving average price is $105.07 and its 200-day moving average price is $99.68. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $115.00. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. The stock has a market cap of $26.23 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 3.51 and a beta of 0.91.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The business’s revenue for the quarter 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. On average, equities research analysts forecast that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

VLTO has been the subject of a number of analyst reports. Royal Bank Of Canada raised their target price on shares of Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Wolfe Research raised shares of Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Raymond James Financial initiated coverage on shares of Veralto in a research note on Tuesday, August 26th. They set a “market perform” rating for the company. Robert W. Baird raised their target price on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $113.43.

Veralto 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.