VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Veralto Corporation (NYSE:VLTO – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 156,592 shares of the company’s stock, valued at approximately $13,887,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.06% of Veralto as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Arbejdsmarkedets Tillaegspension boosted its holdings in shares of Veralto by 23.4% in the 1st quarter. Arbejdsmarkedets Tillaegspension now owns 291,695 shares of the company’s stock worth $25,792,000 after buying an additional 55,348 shares during the last quarter. Handelsbanken Fonder AB grew its position in Veralto by 9.1% during the second quarter. Handelsbanken Fonder AB now owns 219,254 shares of the company’s stock valued at $19,443,000 after buying an additional 18,277 shares during the period. WINTON GROUP Ltd bought a new position in Veralto during the fourth quarter valued at about $4,511,000. Goodman Financial Corp increased its holdings in Veralto by 60.7% during the first quarter. Goodman Financial Corp now owns 145,752 shares of the company’s stock worth $12,887,000 after buying an additional 55,032 shares during the last quarter. Finally, ABN AMRO Bank N.V. increased its holdings in Veralto by 46.3% during the fourth quarter. ABN AMRO Bank N.V. now owns 263,892 shares of the company’s stock worth $26,240,000 after buying an additional 83,508 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Veralto news, CEO Jennifer Honeycutt sold 7,097 shares of the stock in a transaction 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 sale, the chief executive officer owned 124,085 shares in the company, valued at $12,597,109.20. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Surekha Trivedi sold 986 shares of the 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 sale, the senior vice president owned 8,565 shares in the company, valued at approximately $831,233.25. This represents a 10.32% decrease in their position. 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 have sold a total of 15,180 shares of company stock worth $1,490,394 in the last three months. Insiders own 0.43% of the company’s stock.
Veralto Price Performance
Veralto (NYSE:VLTO – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.10. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. Veralto had a net margin of 17.35% and a return on equity of 34.76%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. Equities analysts forecast that Veralto Corporation will post 4.41 EPS for the current year.
Wall Street Analyst Weigh In
VLTO has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their target price on shares of Veralto from $100.00 to $109.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. BNP Paribas Exane restated an “outperform” rating and set a $120.00 price target (up from $115.00) on shares of Veralto in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Veralto in a report on Wednesday, June 24th. Robert W. Baird set a $111.00 price objective on Veralto in a research note on Thursday, July 30th. Finally, Wolfe Research reissued an “outperform” rating and set a $109.00 price objective on shares of Veralto in a report on Thursday, July 9th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.90.
Check Out Our Latest Report on Veralto
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. This segment provides water solutions, including chemical reagents, services, and digital solutions.
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