Veralto Corporation $VLTO Holdings Lowered by Synovus Financial Corp

Synovus Financial Corp trimmed its stake in shares of Veralto Corporation (NYSE:VLTO) by 9.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,691 shares of the company’s stock after selling 759 shares during the period. Synovus Financial Corp’s holdings in Veralto were worth $749,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Veralto by 1.3% during the first quarter. Vanguard Group Inc. now owns 29,737,470 shares of the company’s stock valued at $2,897,916,000 after purchasing an additional 390,285 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Veralto by 8.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock valued at $1,027,264,000 after purchasing an additional 811,843 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Veralto by 6.9% during the first quarter. Invesco Ltd. now owns 4,856,071 shares of the company’s stock valued at $473,224,000 after purchasing an additional 314,704 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Veralto by 13.6% during the first quarter. Bank of New York Mellon Corp now owns 4,259,348 shares of the company’s stock valued at $415,074,000 after purchasing an additional 509,104 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Veralto by 26.8% during the first quarter. JPMorgan Chase & Co. now owns 3,223,571 shares of the company’s stock valued at $314,137,000 after purchasing an additional 682,123 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Stock Performance

Shares of VLTO stock opened at $107.41 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. Veralto Corporation has a fifty-two week low of $83.86 and a fifty-two week high of $115.00. The stock’s 50-day moving average is $104.15 and its two-hundred day moving average is $99.33. The firm has a market cap of $26.65 billion, a P/E ratio of 30.00, a PEG ratio of 3.53 and a beta of 0.91.

Veralto (NYSE:VLTO) last issued its earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping 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 company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the firm posted $0.85 EPS. The business’s revenue 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. Analysts predict that Veralto Corporation will post 3.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Analyst Ratings Changes

VLTO has been the topic of several recent analyst reports. Raymond James Financial initiated coverage on Veralto in a research report on Tuesday. They set a “market perform” rating on the stock. Royal Bank Of Canada upped their price target on Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 30th. Northcoast Research initiated coverage on Veralto in a research report on Tuesday, May 6th. They set a “buy” rating and a $110.00 price target on the stock. Robert W. Baird upped their price target on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Finally, Wolfe Research raised Veralto from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.43.

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.