Barclays Initiates Coverage on Veralto (NYSE:VLTO)

Analysts at Barclays assumed coverage on shares of Veralto (NYSE:VLTO) in a research report issued on Friday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $120.00 price target on the stock. Barclays‘s price objective indicates a potential upside of 12.17% from the stock’s current price.

A number of other research analysts have also recently commented on the company. Stifel Nicolaus set a $120.00 price target on Veralto and gave the company a “buy” rating in a research note on Wednesday, July 30th. Wolfe Research upgraded Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada increased their price target on Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th. Robert W. Baird increased their price objective on Veralto from $106.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Finally, Raymond James Financial began coverage on Veralto in a report on Tuesday, August 26th. They issued a “market perform” rating for the company. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $114.25.

Veralto Price Performance

Veralto stock opened at $106.98 on Friday. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $26.55 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 3.55 and a beta of 0.91. The stock’s 50 day moving average is $105.97 and its 200-day moving average is $100.22. Veralto has a 12 month low of $83.86 and a 12 month high of $115.00.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Equities research analysts expect that Veralto will post 3.66 EPS for the current year.

Insider Activity at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the transaction, the chief executive officer owned 106,219 shares of the company’s stock, valued at $11,286,830.94. This trade represents a 9.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Veralto

Several hedge funds have recently modified their holdings of the company. Reynders McVeigh Capital Management LLC lifted its position in shares of Veralto by 1.5% during the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 302,607 shares of the company’s stock worth $30,548,000 after buying an additional 4,497 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Veralto by 42.6% during the 2nd quarter. Osaic Holdings Inc. now owns 12,928 shares of the company’s stock worth $1,294,000 after buying an additional 3,863 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Veralto by 73.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 17,574 shares of the company’s stock worth $1,775,000 after buying an additional 7,426 shares in the last quarter. State of Wyoming lifted its position in shares of Veralto by 33.5% during the 2nd quarter. State of Wyoming now owns 6,270 shares of the company’s stock worth $633,000 after buying an additional 1,574 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Veralto by 27.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,062 shares of the company’s stock worth $107,000 after buying an additional 230 shares in the last quarter. Institutional investors own 91.28% of the company’s stock.

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.