PDT Partners LLC Sells 3,000 Shares of Veralto Corporation $VLTO

PDT Partners LLC lowered its stake in shares of Veralto Corporation (NYSE:VLTO) by 5.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 48,047 shares of the company’s stock after selling 3,000 shares during the quarter. PDT Partners LLC’s holdings in Veralto were worth $4,682,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Bernard Wealth Management Corp. purchased a new position in Veralto during the fourth quarter valued at $30,000. Truvestments Capital LLC lifted its stake in Veralto by 148.5% in the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock worth $32,000 after purchasing an additional 196 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Veralto during the 1st quarter valued at about $45,000. Grove Bank & Trust grew its position in shares of Veralto by 198.2% during the first quarter. Grove Bank & Trust now owns 510 shares of the company’s stock valued at $50,000 after purchasing an additional 339 shares in the last quarter. Finally, Global Financial Private Client LLC grew its position in shares of Veralto by 95.1% during the first quarter. Global Financial Private Client LLC now owns 593 shares of the company’s stock valued at $58,000 after purchasing an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VLTO. Raymond James Financial started coverage on Veralto in a research report on Tuesday, August 26th. They issued a “market perform” rating on the stock. Wolfe Research raised Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Robert W. Baird increased their target price on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. 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. Finally, Northcoast Research started coverage on shares of Veralto in a research report on Tuesday, May 6th. They issued a “buy” rating and a $110.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $113.43.

Veralto Price Performance

NYSE:VLTO opened at $106.17 on Monday. The firm has a market capitalization of $26.35 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 3.53 and a beta of 0.91. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The business has a 50 day simple moving average of $104.53 and a 200-day simple moving average of $99.41. Veralto Corporation has a 1 year low of $83.86 and a 1 year high of $115.00.

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