Veralto Corporation (VLTO) has been making notable moves in the bio-tech market. The corporation invested $15m in Axine Water, signalling a major clean-tech partnership. This follows Sumitomo Mitsui Trust Group and ING Groep NV growing their stakes in Veralto. Despite a 5.67% dip in 4 weeks, experts are advising investors to buy the dip. Moreover, Veralto continues to attract investment, with several firms including WealthPLAN, Ferguson Wellman, Capital Advisors, and Principal Financial Group increasing their stock holdings. In addition, the company has outperformed analysts' estimations for Q3 2024, with a Q3 earnings snapshot showing earnings and revenues surpassing expectations. Veralto has also acquired TraceGains and lifted their annual profit forecast due to sustained demand for water quality products. The recent announcement of Vijay Sankaran joining the expanded board signals a positive future outlook for the company. However, there reports of insider selling.
Veralto Corporation VLTO News Analytics from Fri, 25 Aug 2023 21:24:16 GMT to Fri, 15 Nov 2024 12:22:39 GMT -
Rating 8
- Innovation 6
- Rumor -4
