Veralto Corporation (VLTO) shares have undergone several transactions, experienced a decrease in short interest, and have optimistic sentiments from several institutions. VLTO has exceeded analyst expectations for its Q2 2024 earnings, with a 5.7% beat on the EPS and consistent with forecasts in Q1. It also shows solid sales growth and robust free cash flow. These positive financial performances have led to new high price targets set by financial institutions, including TD Cowen, Deutsche Bank, and Stifel Nicolaus. High-value investments in VLTO have been seen from Wealth Enhancement Advisory Services, PEAK6 Investments, and CreativeOne Wealth. Newly appointed board member, Vijay Sankaran, expands the board. However, it has also observed selling of shares from stakeholders like Envestnet, teachers retirement systems, and insiders such as SVP Surekha Trivedi. The firm has also recently rebuffed a mini-tender offer by TRC Capital Investment Corporation.
Veralto Corporation VLTO News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sun, 18 Aug 2024 16:36:17 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor -2
