UBS Group Cuts Veralto (NYSE:VLTO) Price Target to $99.00

Veralto (NYSE:VLTO) had its target price decreased by UBS Group from $102.00 to $99.00 in a research note issued to investors on Thursday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

VLTO has been the subject of several other reports. Royal Bank Of Canada dropped their target price on shares of Veralto from $111.00 to $102.00 and set a “sector perform” rating for the company in a report on Thursday, February 5th. Barclays reaffirmed an “overweight” rating and set a $117.00 price target on shares of Veralto in a research note on Thursday, February 5th. Weiss Ratings cut shares of Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, December 31st. Citigroup decreased their price target on shares of Veralto from $111.00 to $104.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Finally, Robert W. Baird set a $108.00 price target on shares of Veralto in a research note on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Veralto currently has an average rating of “Moderate Buy” and a consensus price target of $108.44.

Veralto Stock Performance

NYSE:VLTO opened at $89.47 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.52 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $91.66 and a two-hundred day moving average price of $97.95. Veralto has a twelve month low of $84.99 and a twelve month high of $110.11. The company has a market capitalization of $21.97 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 2.54 and a beta of 0.98.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, February 3rd. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. Veralto had a net margin of 17.08% and a return on equity of 35.77%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the firm posted $0.95 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Veralto has set its FY 2026 guidance at 4.100-4.200 EPS and its Q1 2026 guidance at 0.970-1.010 EPS. As a group, research analysts expect that Veralto will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, March 31st. Veralto’s dividend payout ratio (DPR) is currently 13.87%.

Institutional Investors Weigh In On Veralto

Hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Veralto in the fourth quarter worth approximately $261,340,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Veralto by 6,015.1% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,347,647 shares of the company’s stock worth $136,045,000 after acquiring an additional 1,325,609 shares during the last quarter. FIL Ltd boosted its position in shares of Veralto by 263.8% in the fourth quarter. FIL Ltd now owns 1,798,310 shares of the company’s stock worth $179,435,000 after acquiring an additional 1,303,940 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Veralto by 33.3% in the fourth quarter. First Trust Advisors LP now owns 4,678,084 shares of the company’s stock worth $466,779,000 after acquiring an additional 1,169,572 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Veralto by 86.1% in the third quarter. AQR Capital Management LLC now owns 2,157,211 shares of the company’s stock worth $226,615,000 after acquiring an additional 997,778 shares during the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

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.