Weitz Large Cap Equity Fund on Veralto Corporation
Thesis
The fund initiated a new position in Veralto at what it considered a favorable price. Veralto has leading market positions and attractive economics across water quality, packaging, labeling and product-traceability businesses. The managers see a clear path to modest organic growth, operating-margin expansion and value-creating deployment of capital.
“We see a clear path to modest organic growth, operating margin expansion, and value-creating capital deployment.”