Veralto Corporation (NYSE:VLTO – Get Free Report) has been given an average rating of “Hold” by the eleven brokerages that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $106.2222.
VLTO has been the topic of a number of recent research reports. Robert W. Baird set a $103.00 price target on Veralto in a research report on Thursday, April 30th. Jefferies Financial Group began coverage on Veralto in a report on Tuesday, March 31st. They issued a “buy” rating and a $110.00 price objective for the company. Wolfe Research restated an “outperform” rating and issued a $109.00 price objective on shares of Veralto in a research note on Thursday. Stifel Nicolaus lowered their price objective on Veralto from $118.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Citigroup dropped their price objective on shares of Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th.
Check Out Our Latest Analysis on VLTO
Veralto Trading Up 0.3%
Veralto (NYSE:VLTO – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. Veralto’s revenue for the quarter was up 6.8% on a year-over-year basis. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. Sell-side analysts anticipate that Veralto will post 4.24 earnings per share for the current year.
Veralto Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be given a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. Veralto’s payout ratio is 13.44%.
Institutional Trading of Veralto
A number of institutional investors have recently modified their holdings of VLTO. Azzad Asset Management Inc. ADV grew its stake in Veralto by 0.7% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 15,098 shares of the company’s stock valued at $1,506,000 after buying an additional 99 shares in the last quarter. IFP Advisors Inc raised its holdings in Veralto by 14.0% during the 3rd quarter. IFP Advisors Inc now owns 855 shares of the company’s stock valued at $91,000 after acquiring an additional 105 shares during the period. Creative Capital Management Investments LLC lifted its position in shares of Veralto by 45.9% during the fourth quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock worth $34,000 after acquiring an additional 107 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Veralto by 0.7% during the third quarter. Private Advisor Group LLC now owns 15,777 shares of the company’s stock worth $1,682,000 after acquiring an additional 109 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Veralto by 18.9% in the third quarter. Larson Financial Group LLC now owns 735 shares of the company’s stock worth $78,000 after acquiring an additional 117 shares during the period. 91.28% of the stock is currently owned by hedge funds and other institutional investors.
Veralto Company Profile
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. This segment provides water solutions, including chemical reagents, services, and digital solutions.
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