Veralto Corporation (NYSE:VLTO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Veralto Corporation (NYSE:VLTO) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $113.4286.

A number of equities analysts have recently weighed in on VLTO shares. Barclays dropped their price target on shares of Veralto from $120.00 to $119.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Raymond James Financial started coverage on shares of Veralto in a research note on Tuesday, August 26th. They issued a “market perform” rating on the stock. Royal Bank Of Canada upped their price target on shares of Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 30th. Weiss Ratings raised shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus set a $120.00 price target on shares of Veralto and gave the stock a “buy” rating in a research note on Wednesday, July 30th.

Veralto Price Performance

Shares of NYSE:VLTO opened at $99.38 on Thursday. Veralto has a 12-month low of $83.86 and a 12-month high of $110.11. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. The company has a market cap of $24.66 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 3.38 and a beta of 0.90. The company’s fifty day moving average is $105.33 and its two-hundred day moving average is $102.00.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Veralto had a net margin of 16.75% and a return on equity of 40.80%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the business posted $0.89 earnings per share. Veralto’s revenue for the quarter 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. Equities analysts expect that Veralto will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors 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 yield of 0.4%. Veralto’s dividend payout ratio is currently 12.29%.

Insider Transactions at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the company’s stock in a transaction on 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 directly owned 106,219 shares in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Veralto

Large investors have recently bought and sold shares of the business. Grey Fox Wealth Advisors LLC bought a new stake in Veralto during the third quarter valued at about $66,000. Jackson Thornton Wealth Management LLC acquired a new position in shares of Veralto during the third quarter valued at about $258,000. Root Financial Partners LLC acquired a new position in shares of Veralto during the third quarter valued at about $27,000. QTR Family Wealth LLC acquired a new position in shares of Veralto during the third quarter valued at about $222,000. Finally, Arkadios Wealth Advisors raised its position in shares of Veralto by 29.6% during the third quarter. Arkadios Wealth Advisors now owns 3,765 shares of the company’s stock valued at $401,000 after buying an additional 859 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors.

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.