Veralto Corporation (NYSE:VLTO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Veralto Corporation (NYSE:VLTO) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $113.5714.

A number of research analysts recently weighed in on VLTO shares. Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the company a “buy” rating in a report on Wednesday, July 30th. Royal Bank Of Canada increased their price objective on shares of Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 30th. Wolfe Research upgraded shares of Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Raymond James Financial started coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a “market perform” rating on the stock. Finally, Barclays began coverage on Veralto in a research report on Friday, September 19th. They issued an “overweight” rating and a $120.00 price target for the company.

Veralto Price Performance

NYSE:VLTO opened at $107.25 on Friday. The business’s 50-day moving average is $106.65 and its 200 day moving average is $100.75. Veralto has a 12 month low of $83.86 and a 12 month high of $115.00. The company has a market capitalization of $26.61 billion, a P/E ratio of 29.96, a P/E/G ratio of 3.56 and a beta of 0.90. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00.

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

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a $0.11 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. Veralto’s payout ratio is 12.29%.

Insider Buying and Selling at Veralto

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VLTO. Baldwin Investment Management LLC lifted its holdings in shares of Veralto by 3.4% in the 1st quarter. Baldwin Investment Management LLC now owns 3,219 shares of the company’s stock worth $314,000 after acquiring an additional 106 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Veralto by 1.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company’s stock worth $856,000 after purchasing an additional 113 shares during the period. Capital Counsel LLC NY lifted its stake in Veralto by 0.8% in the second quarter. Capital Counsel LLC NY now owns 15,010 shares of the company’s stock worth $1,515,000 after purchasing an additional 115 shares during the last quarter. Phoenix Financial Ltd. boosted its position in shares of Veralto by 2.9% during the first quarter. Phoenix Financial Ltd. now owns 4,644 shares of the company’s stock valued at $454,000 after buying an additional 132 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Veralto by 3.6% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,883 shares of the company’s stock valued at $378,000 after buying an additional 134 shares during the period. 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.