Veralto Corporation (NYSE:VLTO) Receives $113.43 Average PT from Brokerages

Shares of Veralto Corporation (NYSE:VLTO) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $115.7143.

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus set a $120.00 price target on shares of Veralto and gave the company a “buy” rating in a report on Wednesday, July 30th. Barclays upped their price target on shares of Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday. Raymond James Financial initiated coverage on shares of Veralto in a research note on Tuesday, August 26th. They issued a “market perform” rating for the company. Citigroup reduced their target price on shares of Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Weiss Ratings upgraded shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th.

Insider Buying and Selling at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $106.26, for a total value of $1,131,243.96. Following the completion of the sale, the chief executive officer owned 106,219 shares in the company, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Veralto

Several hedge funds have recently made changes to their positions in the stock. Compass Wealth Management LLC bought a new stake in shares of Veralto in the third quarter valued at about $6,708,000. Vanguard Personalized Indexing Management LLC raised its position in Veralto by 9.6% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 34,264 shares of the company’s stock worth $3,697,000 after purchasing an additional 3,005 shares in the last quarter. LBP AM SA raised its position in Veralto by 1.0% in the third quarter. LBP AM SA now owns 132,439 shares of the company’s stock worth $14,119,000 after purchasing an additional 1,360 shares in the last quarter. PFG Investments LLC raised its position in Veralto by 2.7% in the third quarter. PFG Investments LLC now owns 3,792 shares of the company’s stock worth $404,000 after purchasing an additional 100 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its position in Veralto by 11.5% in the third quarter. UniSuper Management Pty Ltd now owns 30,297 shares of the company’s stock worth $3,230,000 after purchasing an additional 3,136 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

Veralto Stock Down 1.6%

VLTO stock opened at $98.75 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.57 and a quick ratio of 2.06. Veralto has a 52-week low of $83.86 and a 52-week high of $110.11. The company has a 50-day moving average of $104.96 and a two-hundred day moving average of $102.13. The stock has a market capitalization of $24.52 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 3.23 and a beta of 0.90.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The business’s quarterly 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. Q4 2025 guidance at 0.950-0.980 EPS. As a group, equities research analysts anticipate that Veralto will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, September 30th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, September 30th. Veralto’s dividend payout ratio (DPR) is presently 12.05%.

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.