Brokerages Set Veralto Corporation (NYSE:VLTO) PT at $113.57

Veralto Corporation (NYSE:VLTO) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $113.4286.

A number of analysts have commented on the stock. Raymond James Financial assumed coverage on shares of Veralto in a research note on Tuesday, August 26th. They issued a “market perform” rating for the company. Barclays cut their price target on shares of Veralto from $120.00 to $119.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Weiss Ratings upgraded shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Wolfe Research upgraded shares of Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 price target on shares of Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th.

Insider Activity

In other news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the completion of the sale, the chief executive officer owned 106,219 shares in the company, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Veralto

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Veralto by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 30,206,111 shares of the company’s stock worth $3,049,307,000 after buying an additional 468,641 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Veralto by 8.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock worth $1,027,264,000 after buying an additional 811,843 shares during the last quarter. State Street Corp lifted its stake in shares of Veralto by 1.9% during the 2nd quarter. State Street Corp now owns 10,257,956 shares of the company’s stock worth $1,036,653,000 after buying an additional 192,139 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Veralto by 28.0% during the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock worth $607,656,000 after buying an additional 1,363,502 shares during the last quarter. Finally, Invesco Ltd. increased its position in Veralto by 6.9% during the first quarter. Invesco Ltd. now owns 4,856,071 shares of the company’s stock worth $473,224,000 after acquiring an additional 314,704 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Stock Performance

Shares of VLTO opened at $101.72 on Friday. Veralto has a 12 month low of $83.86 and a 12 month high of $115.00. The firm has a fifty day simple moving average of $106.58 and a 200 day simple moving average of $100.96. The stock has a market capitalization of $25.24 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 3.38 and a beta of 0.90. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Research analysts forecast that Veralto will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Tuesday, September 30th. Veralto’s dividend payout ratio (DPR) is currently 12.29%.

About Veralto

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.