Foresight Group Ltd Liability Partnership Acquires New Stake in Veralto Corporation $VLTO

Foresight Group Ltd Liability Partnership bought a new position in shares of Veralto Corporation (NYSE:VLTO) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 145,329 shares of the company’s stock, valued at approximately $14,162,000. Veralto comprises approximately 2.0% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 20th biggest position. Foresight Group Ltd Liability Partnership owned approximately 0.06% of Veralto at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VLTO. Brighton Jones LLC boosted its position in Veralto by 16.1% during the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock worth $352,000 after acquiring an additional 479 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Veralto by 2.1% in the 4th quarter. Ameriprise Financial Inc. now owns 172,976 shares of the company’s stock worth $17,617,000 after purchasing an additional 3,495 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Veralto by 3.5% during the 4th quarter. Baird Financial Group Inc. now owns 12,373 shares of the company’s stock worth $1,260,000 after purchasing an additional 420 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Veralto by 6.0% in the fourth quarter. Cetera Investment Advisers now owns 54,334 shares of the company’s stock valued at $5,534,000 after purchasing an additional 3,071 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Veralto in the fourth quarter valued at approximately $232,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the sale, the chief executive officer owned 106,219 shares in the company, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VLTO. Wolfe Research raised Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Raymond James Financial assumed coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a “market perform” rating for the company. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the company a “buy” rating in a report on Wednesday, July 30th. Royal Bank Of Canada increased their price target 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. Finally, Robert W. Baird lifted their price target on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Veralto currently has a consensus rating of “Moderate Buy” and an average target price of $113.43.

Veralto Price Performance

Veralto stock opened at $106.00 on Thursday. The company’s 50 day simple moving average is $105.30 and its 200-day simple moving average is $99.82. 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 Corporation has a 1 year low of $83.86 and a 1 year high of $115.00. The company has a market capitalization of $26.31 billion, a price-to-earnings ratio of 29.61, a price-to-earnings-growth ratio of 3.49 and a beta of 0.91.

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

About Veralto

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.