Saudi Central Bank Increases Stake in Veralto Corporation $VLTO

Saudi Central Bank raised its holdings in shares of Veralto Corporation (NYSE:VLTO) by 87.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,189 shares of the company’s stock after purchasing an additional 8,024 shares during the quarter. Saudi Central Bank’s holdings in Veralto were worth $1,524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. AlphaGrep UK Ltd purchased a new stake in shares of Veralto during the second quarter worth $529,000. Highland Investment Advisors LLC purchased a new position in Veralto during the 2nd quarter valued at about $32,000. Syon Capital LLC grew its holdings in Veralto by 4.4% during the 2nd quarter. Syon Capital LLC now owns 4,617 shares of the company’s stock valued at $409,000 after buying an additional 194 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Veralto by 193.0% in the second quarter. TD Waterhouse Canada Inc. now owns 6,944 shares of the company’s stock worth $628,000 after buying an additional 4,574 shares in the last quarter. Finally, NEOS Investment Management LLC boosted its position in shares of Veralto by 13.9% in the second quarter. NEOS Investment Management LLC now owns 40,535 shares of the company’s stock valued at $3,595,000 after acquiring an additional 4,942 shares during the period. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on VLTO shares. Royal Bank Of Canada upped their price target on shares of Veralto from $100.00 to $109.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. UBS Group upped their target price on Veralto from $98.00 to $104.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Veralto in a research report on Wednesday, June 24th. BNP Paribas Exane reissued an “outperform” rating and set a $120.00 price objective (up from $115.00) on shares of Veralto in a report on Thursday, July 30th. Finally, Citigroup lifted their target price on shares of Veralto from $102.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $110.90.

Veralto Trading Down 0.7%

Shares of VLTO stock opened at $95.60 on Wednesday. The business has a 50-day moving average of $95.51 and a 200 day moving average of $90.85. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.61. Veralto Corporation has a 1-year low of $80.03 and a 1-year high of $109.86. The stock has a market capitalization of $23.31 billion, a PE ratio of 24.14, a P/E/G ratio of 2.73 and a beta of 0.60.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, July 28th. The company reported $1.11 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 company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. 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. As a group, sell-side analysts anticipate that Veralto Corporation will post 4.41 earnings per share for the current year.

Insider Activity

In other Veralto news, CEO Jennifer Honeycutt sold 7,097 shares of the 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 sale, the chief executive officer directly owned 124,085 shares in the company, valued at approximately $12,597,109.20. This trade represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $95,691.30. Following the completion of the transaction, the senior vice president owned 8,565 shares of the company’s stock, valued at $831,233.25. This represents a 10.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In 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.

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.