Front Street Capital Management Inc. Makes New Investment in Veralto Corporation $VLTO

Front Street Capital Management Inc. bought a new stake in Veralto Corporation (NYSE:VLTO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,804 shares of the company’s stock, valued at approximately $3,618,000.

Other large investors also recently modified their holdings of the company. Cullen Capital Management LLC bought a new position in shares of Veralto during the 2nd quarter valued at about $935,000. C M Bidwell & Associates Ltd. bought a new stake in Veralto during the 2nd quarter worth approximately $265,000. Advisors Preferred LLC acquired a new stake in Veralto during the 2nd quarter worth approximately $416,000. Kentucky Farm Bureau Mutual Insurance Co bought a new position in Veralto in the second quarter valued at approximately $296,000. Finally, Knuff & Co LLC bought a new position in Veralto in the second quarter valued at approximately $619,000. 91.28% of the stock is currently owned by institutional investors.

Veralto Trading Up 0.6%

Veralto stock opened at $99.34 on Tuesday. The firm has a 50-day moving average of $92.92 and a 200-day moving average of $90.45. Veralto Corporation has a one year low of $80.03 and a one 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. The company has a market cap of $24.22 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 2.68 and a beta of 0.60.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. Veralto had a return on equity of 34.76% and a net margin of 17.35%.The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. Veralto’s quarterly revenue was up 7.5% on a year-over-year basis. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. On average, equities analysts expect that Veralto Corporation will post 4.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on VLTO shares. Barclays raised their price objective on shares of Veralto from $113.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. UBS Group increased their target price on Veralto from $98.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Royal Bank Of Canada lifted their price target on Veralto from $100.00 to $109.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Wolfe Research restated an “outperform” rating and issued a $109.00 price target on shares of Veralto in a report on Thursday, July 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Veralto in a report on Wednesday, June 24th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.90.

Insider Buying and Selling

In other Veralto news, SVP Surekha Trivedi sold 986 shares of the business’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 transaction of $95,691.30. Following the transaction, the senior vice president owned 8,565 shares of the company’s stock, valued at $831,233.25. The trade was a 10.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jennifer Honeycutt sold 7,097 shares of the business’s 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 transaction, the chief executive officer owned 124,085 shares in the company, valued at approximately $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. Over the last 90 days, insiders sold 15,180 shares of company stock valued at $1,490,394. Corporate insiders own 0.43% of the company’s stock.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.