Veralto Corporation Announces Quarterly Dividend of $0.13 (NYSE:VLTO)

Veralto Corporation (NYSE:VLTO) announced a quarterly dividend on Thursday, May 14th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.13 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 30th.

Veralto has a dividend payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Veralto to earn $4.64 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 11.2%.

Veralto Stock Performance

Shares of Veralto stock traded down $0.55 on Thursday, reaching $85.30. 2,281,170 shares of the company were exchanged, compared to its average volume of 1,981,733. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.32 and a current ratio of 1.48. The company’s 50-day moving average is $89.43 and its two-hundred day moving average is $95.63. The firm has a market cap of $20.95 billion, a price-to-earnings ratio of 22.04, a P/E/G ratio of 2.45 and a beta of 0.77. Veralto has a 1-year low of $84.99 and a 1-year high of $110.11.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 EPS. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. As a group, research analysts expect that Veralto will post 4.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VLTO. UBS Group increased their price target on Veralto from $99.00 to $101.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Jefferies Financial Group initiated coverage on shares of Veralto in a research report on Tuesday, March 31st. They set a “buy” rating and a $110.00 price target for the company. Royal Bank Of Canada upped their price target on shares of Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. BMO Capital Markets restated an “outperform” rating on shares of Veralto in a research report on Wednesday, February 11th. Finally, Robert W. Baird set a $103.00 price target on shares of Veralto in a research report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $105.88.

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.