Veralto (NYSE:VLTO) Stock Rating Raised to “Strong-Buy” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Veralto (NYSE:VLTO – Free Report) to a strong-buy rating in a research report released on Monday,Zacks reports.

Other equities analysts have also issued research reports about the company. Weiss Ratings raised Veralto from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 2nd. Robert W. Baird set a $111.00 price objective on shares of Veralto in a research report on Thursday, July 30th. Wall Street Zen upgraded shares of Veralto from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. Citigroup raised their price objective on shares of Veralto from $102.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Finally, BNP Paribas Exane reaffirmed an “outperform” rating and issued a $120.00 target price (up from $115.00) on shares of Veralto in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $112.70.

Check Out Our Latest Research Report on Veralto

Veralto Stock Up 1.3%

Shares of NYSE:VLTO opened at $98.22 on Monday. The stock has a fifty day simple moving average of $96.77 and a two-hundred day simple moving average of $91.37. The stock has a market capitalization of $23.95 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 2.75 and a beta of 0.62. Veralto has a 12-month low of $80.03 and a 12-month high of $105.75. The company has a current ratio of 1.78, a quick ratio of 1.61 and a debt-to-equity ratio of 0.86.

Veralto (NYSE:VLTO – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.01 by $0.10. Veralto had a return on equity of 34.76% and a net margin of 17.35%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. On average, research analysts anticipate that Veralto will post 4.41 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, September 30th. Veralto’s dividend payout ratio (DPR) is currently 13.13%.

Insiders Place Their Bets

In other news, CEO Jennifer Honeycutt sold 7,097 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total transaction of $720,487.44. Following the transaction, the chief executive officer directly owned 124,085 shares of the company’s stock, valued at $12,597,109.20. This represents a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Surekha Trivedi sold 986 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $97.05, for a total value of $95,691.30. Following the transaction, the senior vice president directly owned 8,565 shares in the company, valued at approximately $831,233.25. The trade was a 10.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 15,180 shares of company stock valued at $1,490,394. Corporate insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Veralto

Several large investors have recently bought and sold shares of VLTO. Bank of New York Mellon Corp purchased a new stake in Veralto during the 2nd quarter valued at $235,200,000. First Trust Advisors LP lifted its holdings 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 valued at $543,817,000 after buying an additional 1,472,304 shares during the period. SG Americas Securities LLC boosted its stake 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 worth $148,704,000 after buying an additional 900,135 shares during the last quarter. Amundi boosted its stake in shares of Veralto by 16.3% in the 1st quarter. Amundi now owns 3,797,526 shares of the company’s stock worth $335,785,000 after buying an additional 531,478 shares during the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Veralto in the 2nd quarter worth $35,594,000. 91.28% of the stock is currently owned by institutional investors.

Veralto Company Profile

(Get Free Report)

Veralto Corporation (NYSE: VLTO) is a global provider of products, services and technology focused on water analytics and product quality and innovation. The company was formed in 2023 through the separation of certain operating companies from Danaher Corporation and is headquartered in Waltham, Massachusetts.

Veralto’s Water Analytics segment provides equipment, software and services used to monitor, analyze and manage water and wastewater. Its brands include Hach, Trojan Technologies, ChemTreat and OTT HydroMet, which serve municipal, industrial and environmental applications such as water quality testing, disinfection, treatment and hydrology.

The company’s Product Quality and Innovation segment helps manufacturers and consumer-goods companies manage production quality, packaging, coding, marking and product identification.

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Analyst Recommendations for Veralto (NYSE:VLTO)

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