Focus Partners Wealth Cuts Holdings in Veralto Corporation $VLTO

Focus Partners Wealth decreased its stake in Veralto Corporation (NYSE:VLTO) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,559 shares of the company’s stock after selling 912 shares during the quarter. Focus Partners Wealth’s holdings in Veralto were worth $5,122,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VLTO. Bernard Wealth Management Corp. acquired a new position in Veralto during the fourth quarter worth about $30,000. Truvestments Capital LLC raised its stake in shares of Veralto by 148.5% in the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock valued at $32,000 after acquiring an additional 196 shares during the period. Opal Wealth Advisors LLC purchased a new stake in Veralto during the 1st quarter worth approximately $45,000. Grove Bank & Trust increased its stake in Veralto by 198.2% during the 1st quarter. Grove Bank & Trust now owns 510 shares of the company’s stock worth $50,000 after buying an additional 339 shares during the period. Finally, Global Financial Private Client LLC increased its stake in Veralto by 95.1% during the 1st quarter. Global Financial Private Client LLC now owns 593 shares of the company’s stock worth $58,000 after buying an additional 289 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on VLTO shares. Robert W. Baird boosted their price target on shares of Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price target on shares of Veralto and gave the stock a “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 issued a “market perform” rating for the company. Royal Bank Of Canada raised their target price on shares of Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Finally, Wolfe Research upgraded shares of Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Veralto presently has a consensus rating of “Moderate Buy” and an average target price of $113.43.

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto 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 transaction, the chief executive officer directly owned 106,219 shares of the company’s stock, valued at $11,286,830.94. The trade was a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.36% of the stock is currently owned by company insiders.

Veralto Price Performance

Veralto stock opened at $109.02 on Monday. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $115.00. The firm has a 50 day moving average price of $105.52 and a 200 day moving average price of $99.95. The company has a market cap of $27.05 billion, a price-to-earnings ratio of 30.45, a PEG ratio of 3.62 and a beta of 0.91. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32.

Veralto (NYSE:VLTO) last released its earnings results on Monday, July 28th. The company reported $0.93 earnings per share (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 during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. Veralto’s revenue was up 6.4% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Sell-side analysts predict that Veralto Corporation will post 3.66 earnings per share for the current 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.