Veralto Corporation (NYSE:VLTO) Receives Average Rating of “Hold” from Brokerages

Veralto Corporation (NYSE:VLTO) has earned an average recommendation of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $112.8889.

Several analysts have weighed in on VLTO shares. BMO Capital Markets lowered their target price on Veralto from $123.00 to $114.00 and set an “outperform” rating on the stock in a report on Tuesday, November 25th. Barclays boosted their price objective on shares of Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Jefferies Financial Group restated a “hold” rating and set a $105.00 target price (down from $125.00) on shares of Veralto in a report on Wednesday, December 10th. UBS Group upped their price target on shares of Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Finally, Royal Bank Of Canada increased their price target on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research report on Thursday, October 30th.

Veralto Trading Down 0.8%

Shares of Veralto stock opened at $101.95 on Tuesday. The company has a 50-day moving average of $100.12 and a two-hundred day moving average of $103.13. Veralto has a 12-month low of $83.86 and a 12-month high of $110.11. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.69. The stock has a market cap of $25.32 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88.

Veralto (NYSE:VLTO) last released 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 return on equity of 38.69% and a net margin of 16.75%.The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. The company’s 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 and its Q4 2025 guidance at 0.950-0.980 EPS. On average, research analysts anticipate that Veralto will post 3.66 EPS for the current fiscal year.

Veralto Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, December 31st will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Veralto’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Wednesday, December 31st. Veralto’s payout ratio is presently 14.25%.

Insider Activity

In related news, SVP Mattias Bystrom sold 1,000 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $101.73, for a total transaction of $101,730.00. Following the sale, the senior vice president owned 31,430 shares of the company’s stock, valued at $3,197,373.90. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VLTO. Harbor Asset Planning Inc. purchased a new position in shares of Veralto during the 2nd quarter worth about $26,000. Root Financial Partners LLC acquired a new position in Veralto during the third quarter worth approximately $27,000. Loomis Sayles & Co. L P purchased a new position in Veralto during the second quarter worth approximately $28,000. Goodman Advisory Group LLC purchased a new position in Veralto during the third quarter worth approximately $29,000. Finally, Board of the Pension Protection Fund acquired a new position in shares of Veralto in the 4th quarter valued at $30,000. 91.28% of the stock is currently owned by hedge funds and other 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. This segment provides water solutions, including chemical reagents, services, and digital solutions.