Veralto Corporation (NYSE:VLTO) Given Consensus Recommendation of “Hold” by Brokerages

Veralto Corporation (NYSE:VLTO) has received an average recommendation of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $112.8889.

A number of analysts have recently weighed in on VLTO shares. Weiss Ratings downgraded shares of Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, December 31st. Citigroup cut their target price on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Barclays raised their target price on Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Royal Bank Of Canada boosted their price target on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $105.00 price objective (down from $125.00) on shares of Veralto in a research note on Wednesday, December 10th.

Insider Transactions at Veralto

In related news, SVP Mattias Bystrom sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $101.73, for a total transaction of $101,730.00. Following the completion of the transaction, the senior vice president directly owned 31,430 shares in the company, valued at $3,197,373.90. This represents a 3.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of VLTO. PFG Investments LLC boosted its holdings in shares of Veralto by 2.7% during the 3rd quarter. PFG Investments LLC now owns 3,792 shares of the company’s stock valued at $404,000 after acquiring an additional 100 shares in the last quarter. Strategic Blueprint LLC raised its position in Veralto by 4.3% in the third quarter. Strategic Blueprint LLC now owns 2,543 shares of the company’s stock valued at $271,000 after purchasing an additional 105 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Veralto by 14.0% during the third quarter. IFP Advisors Inc now owns 855 shares of the company’s stock valued at $91,000 after purchasing an additional 105 shares in the last quarter. Private Advisor Group LLC grew its holdings 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 purchasing an additional 109 shares during the last quarter. Finally, Capital Counsel LLC NY increased its stake in shares of Veralto by 0.8% in the second quarter. Capital Counsel LLC NY now owns 15,010 shares of the company’s stock valued at $1,515,000 after buying an additional 115 shares during the period. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Stock Performance

VLTO opened at $102.63 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.40 and a current ratio of 1.57. Veralto has a 52-week low of $83.86 and a 52-week high of $110.11. The firm has a market cap of $25.48 billion, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 2.92 and a beta of 0.88. The business’s fifty day moving average is $100.38 and its 200-day moving average is $103.14.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the business posted $0.89 earnings per share. Veralto’s revenue was up 6.8% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS and its Q4 2025 guidance at 0.950-0.980 EPS. Sell-side analysts expect that Veralto will post 3.66 EPS for the current fiscal year.

Veralto Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.13 per share. This is a boost from Veralto’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. Veralto’s payout ratio is presently 14.25%.

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.