Front Street Capital Management Inc. Purchases New Position in Veralto Corporation $VLTO

Front Street Capital Management Inc. purchased a new stake in Veralto Corporation (NYSE:VLTO) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 40,804 shares of the company’s stock, valued at approximately $3,618,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Advisor Group LLC increased its holdings in shares of Veralto by 0.7% during the third quarter. Private Advisor Group LLC now owns 15,777 shares of the company’s stock worth $1,682,000 after buying an additional 109 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Veralto by 18.9% in the 3rd quarter. Larson Financial Group LLC now owns 735 shares of the company’s stock worth $78,000 after acquiring an additional 117 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in Veralto by 82.2% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock worth $29,000 after acquiring an additional 129 shares during the last quarter. Valeo Financial Advisors LLC grew its position in Veralto by 5.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,751 shares of the company’s stock worth $244,000 after acquiring an additional 131 shares during the last quarter. Finally, Nolet Wealth Management LLC increased its holdings in Veralto by 1.0% during the 2nd quarter. Nolet Wealth Management LLC now owns 15,277 shares of the company’s stock valued at $1,355,000 after purchasing an additional 146 shares in the last quarter. 91.28% of the stock is owned by institutional investors.

Veralto Trading Up 0.6%

Shares of VLTO opened at $99.34 on Tuesday. The stock’s fifty day simple moving average is $92.92 and its 200-day simple moving average is $90.45. The firm has a market capitalization of $24.22 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 2.68 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 company has a quick ratio of 1.61, a current ratio of 1.78 and a debt-to-equity ratio of 0.86.

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 firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the business posted $0.93 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. 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, research analysts predict that Veralto Corporation will post 4.4 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on VLTO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Veralto in a research report on Wednesday, June 24th. Stifel Nicolaus raised 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. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $120.00 target price (up from $115.00) on shares of Veralto in a research note on Thursday, July 30th. Robert W. Baird set a $111.00 target price on shares of Veralto in a research report on Thursday, July 30th. Finally, Citigroup increased their price target on shares of Veralto from $102.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $110.90.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 7,097 shares of the company’s 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 completion of the sale, the chief executive officer directly owned 124,085 shares of the company’s stock, valued at $12,597,109.20. This represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $97.05, for a total transaction of $95,691.30. Following the completion of the sale, the senior vice president owned 8,565 shares in the company, valued at $831,233.25. This represents a 10.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 15,180 shares of company stock valued at $1,490,394 in the last quarter. Corporate insiders own 0.43% of the company’s stock.

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.