Veralto (NYSE:VLTO – Get Free Report) had its target price raised by stock analysts at Citigroup from $102.00 to $107.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective suggests a potential upside of 12.65% from the stock’s current price.
Several other analysts have also recently weighed in on VLTO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Veralto in a research note on Wednesday, June 24th. UBS Group reiterated a “neutral” rating and issued a $104.00 price objective on shares of Veralto in a research report on Thursday. Barclays raised their target price on Veralto from $113.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday. Robert W. Baird set a $111.00 price objective on shares of Veralto in a research report on Thursday. Finally, Stifel Nicolaus upped their target price on shares of Veralto from $111.00 to $114.00 and gave the stock a “buy” rating in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $109.89.
View Our Latest Analysis on VLTO
Veralto Price Performance
Veralto (NYSE:VLTO – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. Veralto had a return on equity of 35.09% and a net margin of 17.35%.The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the business earned $0.93 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. Research analysts forecast that Veralto will post 4.24 earnings per share for the current year.
Insider Activity at Veralto
In other news, CEO Jennifer Honeycutt sold 7,097 shares of the business’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $95.00, for a total transaction of $674,215.00. Following the transaction, the chief executive officer directly owned 124,085 shares in the company, valued at $11,788,075. The trade was a 5.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by company insiders.
Institutional Trading of Veralto
Several institutional investors and hedge funds have recently bought and sold shares of VLTO. Brighton Jones LLC raised its stake in Veralto by 16.1% in the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after acquiring an additional 479 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Veralto by 5.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,947 shares of the company’s stock worth $2,529,000 after buying an additional 1,306 shares during the period. Empowered Funds LLC grew its stake in Veralto by 20.4% in the 1st quarter. Empowered Funds LLC now owns 4,551 shares of the company’s stock valued at $443,000 after buying an additional 770 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Veralto by 102.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 832 shares of the company’s stock valued at $81,000 after acquiring an additional 421 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in Veralto during the second quarter worth approximately $201,000. Institutional investors own 91.28% of the company’s stock.
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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