North Star Asset Management Inc. Makes New $622,000 Investment in Veralto Corporation $VLTO

North Star Asset Management Inc. acquired a new stake in Veralto Corporation (NYSE:VLTO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,016 shares of the company’s stock, valued at approximately $622,000.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in Veralto in the 2nd quarter valued at $235,200,000. Norges Bank acquired a new position in Veralto during the fourth quarter worth $261,340,000. First Trust Advisors LP raised its holdings in Veralto by 31.5% during the first quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock worth $543,817,000 after buying an additional 1,472,304 shares during the last quarter. FIL Ltd lifted its stake in shares of Veralto by 263.8% in the fourth quarter. FIL Ltd now owns 1,798,310 shares of the company’s stock valued at $179,435,000 after buying an additional 1,303,940 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Veralto by 86.1% in the third quarter. AQR Capital Management LLC now owns 2,157,211 shares of the company’s stock valued at $226,615,000 after buying an additional 997,778 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Veralto

In related news, SVP Surekha Trivedi sold 986 shares of the business’s stock in a transaction 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 sale, the senior vice president directly owned 8,565 shares in the company, valued at approximately $831,233.25. The trade was a 10.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jennifer Honeycutt sold 7,097 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total value of $720,487.44. Following the sale, the chief executive officer directly owned 124,085 shares in the company, valued at $12,597,109.20. This trade represents a 5.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 15,180 shares of company stock valued at $1,490,394. 0.43% of the stock is owned by insiders.

Analysts Set New Price Targets

VLTO has been the subject of several recent research reports. UBS Group boosted their target price on shares of Veralto from $98.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. BNP Paribas Exane reiterated an “outperform” rating and set a $120.00 price target (up from $115.00) on shares of Veralto in a research note on Thursday, July 30th. Barclays lifted their price target on Veralto from $113.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Robert W. Baird set a $111.00 price objective on Veralto in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada raised their target price on Veralto from $100.00 to $109.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.90.

Veralto Price Performance

Veralto stock opened at $98.45 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.61 and a debt-to-equity ratio of 0.86. The company has a market cap of $24.00 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 2.67 and a beta of 0.60. Veralto Corporation has a 12 month low of $80.03 and a 12 month high of $109.86. The business’s 50 day simple moving average is $94.11 and its 200 day simple moving average is $90.67.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.10. Veralto had a return on equity of 34.76% and a net margin of 17.35%.The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm posted $0.93 EPS. The firm’s revenue for the quarter 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. Sell-side analysts forecast that Veralto Corporation will post 4.41 EPS 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. This segment provides water solutions, including chemical reagents, services, and digital solutions.