401,374 Shares in Veralto Corporation $VLTO Acquired by Diamond Hill Capital Management LLC Investment Advisor

Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Veralto Corporation (NYSE:VLTO) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 401,374 shares of the company’s stock, valued at approximately $35,594,000.

Several other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new position in shares of Veralto in the second quarter worth $235,200,000. Norges Bank purchased a new stake in shares of Veralto during the fourth quarter valued at $261,340,000. First Trust Advisors LP increased its holdings in Veralto by 31.5% in the 1st 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 in the last quarter. FIL Ltd increased its holdings in Veralto by 263.8% in the 4th quarter. FIL Ltd now owns 1,798,310 shares of the company’s stock worth $179,435,000 after buying an additional 1,303,940 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Veralto by 86.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,157,211 shares of the company’s stock worth $226,615,000 after buying an additional 997,778 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Price Performance

NYSE VLTO opened at $97.53 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. Veralto Corporation has a 52 week low of $80.03 and a 52 week high of $110.11. The firm has a market capitalization of $23.78 billion, a P/E ratio of 24.63, a PEG ratio of 2.65 and a beta of 0.60. The company has a 50-day moving average price of $91.15 and a 200-day moving average price of $90.49.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.10. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. Veralto had a return on equity of 34.76% and a net margin of 17.35%.Veralto’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. Equities research analysts anticipate that Veralto Corporation will post 4.4 earnings per share for the current year.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 7,097 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 124,085 shares in the company, valued at approximately $12,597,109.20. This represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VLTO. Royal Bank Of Canada raised their price target on shares of Veralto from $100.00 to $109.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Wolfe Research reissued an “outperform” rating and set a $109.00 price objective on shares of Veralto in a report on Thursday, July 9th. Stifel Nicolaus increased their price objective on shares of Veralto from $111.00 to $114.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. UBS Group raised their target price on shares of Veralto from $98.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Finally, Barclays lifted their target price on shares of Veralto from $113.00 to $117.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $110.90.

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.