BNP Paribas Exane reiterated their outperform rating on shares of Veralto (NYSE:VLTO – Free Report) in a research note issued to investors on Thursday,Benzinga reports. BNP Paribas Exane currently has a $120.00 target price on the stock, up from their prior target price of $115.00.
VLTO has been the subject of a number of other reports. Barclays boosted their price objective on Veralto from $113.00 to $117.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup raised their target price on shares of Veralto from $102.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday. Royal Bank Of Canada lifted their price target on shares of Veralto from $100.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Thursday. Stifel Nicolaus boosted their price target on shares of Veralto from $111.00 to $114.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Wolfe Research reissued an “outperform” rating and issued a $109.00 price objective on shares of Veralto in a research report on Thursday, July 9th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.90.
Read Our Latest Stock Report on Veralto
Veralto Trading Down 0.4%
Veralto (NYSE:VLTO – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.10. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. Veralto had a return on equity of 34.76% and a net margin of 17.35%.Veralto’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 EPS. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. Sell-side analysts expect that Veralto will post 4.41 earnings per share for the current fiscal year.
Veralto Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were issued a $0.13 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. Veralto’s dividend payout ratio is presently 13.13%.
Insider Buying and Selling at Veralto
In other news, CEO Jennifer Honeycutt sold 7,097 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total transaction of $720,487.44. Following the sale, the chief executive officer owned 124,085 shares of the company’s stock, valued at approximately $12,597,109.20. This trade represents a 5.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company’s stock.
Hedge Funds Weigh In On Veralto
Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Veralto during the fourth quarter worth approximately $261,340,000. First Trust Advisors LP lifted its position in shares of Veralto by 31.5% during the 1st quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock worth $543,817,000 after buying an additional 1,472,304 shares during the last quarter. FIL Ltd boosted its holdings in shares of Veralto by 263.8% in the 4th quarter. FIL Ltd now owns 1,798,310 shares of the company’s stock valued at $179,435,000 after buying an additional 1,303,940 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Veralto by 86.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,157,211 shares of the company’s stock valued at $226,615,000 after buying an additional 997,778 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Veralto by 115.2% in the 1st quarter. SG Americas Securities LLC now owns 1,681,786 shares of the company’s stock valued at $148,704,000 after buying an additional 900,135 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.
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. This segment provides water solutions, including chemical reagents, services, and digital solutions.
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