Veralto Corporation $VLTO Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its position in Veralto Corporation (NYSE:VLTO) by 8.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,579 shares of the company’s stock after acquiring an additional 2,567 shares during the period. Public Sector Pension Investment Board’s holdings in Veralto were worth $3,272,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of VLTO. Baldwin Investment Management LLC increased its stake in shares of Veralto by 3.4% during the first quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company’s stock worth $314,000 after purchasing an additional 106 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in shares of Veralto by 1.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 6,405 shares of the company’s stock worth $652,000 after purchasing an additional 110 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Veralto by 1.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company’s stock worth $856,000 after purchasing an additional 113 shares in the last quarter. Phoenix Financial Ltd. increased its stake in shares of Veralto by 2.9% during the first quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company’s stock worth $454,000 after purchasing an additional 132 shares in the last quarter. Finally, Argent Trust Co increased its stake in shares of Veralto by 1.8% during the first quarter. Argent Trust Co now owns 8,096 shares of the company’s stock worth $789,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Buying and Selling at Veralto

In other news, SVP Surekha Trivedi sold 848 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $100.55, for a total value of $85,266.40. Following the completion of the sale, the senior vice president owned 8,433 shares of the company’s stock, valued at $847,938.15. This represents a 9.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by company insiders.

Veralto Stock Performance

Veralto stock opened at $106.76 on Tuesday. The firm has a 50 day simple moving average of $102.75 and a 200-day simple moving average of $98.89. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $115.00. 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 stock has a market cap of $26.49 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 3.53 and a beta of 0.91.

Veralto (NYSE:VLTO) last posted its quarterly 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 net margin of 16.65% and a return on equity of 41.45%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts expect that Veralto Corporation will post 3.66 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wolfe Research raised shares of Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada upped their price objective 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. Robert W. Baird upped their price objective on shares of Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Northcoast Research started coverage on shares of Veralto in a research note on Tuesday, May 6th. They set a “buy” rating and a $110.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $113.43.

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.