Diamond Hill Capital Initiates Position in Veralto Corporation

Diamond Hill Capital Mid Cap Strategy initiated a new investment position in Veralto Corporation, according to the firm's Q2 2026 investor letter. The investment firm selected Veralto based on the company's resilient business model, strong profitability, and disciplined capital allocation.

Diamond Hill Capital noted that the decision comes during a period when the broader market is prioritizing revenue growth within data center-related industries. Veralto specializes in water treatment and analytics, marking and coding, and color and packaging solutions. The company was previously spun out of Danaher in late 2023.

As of August 4, 2026, Veralto shares closed at $96.45, bringing its market capitalization to $23.12 billion.