Veralto Corporation (NYSE:VLTO) Receives $112.89 Average Price Target from Analysts

Shares of Veralto Corporation (NYSE:VLTO) have earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and six 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 $112.8889.

A number of brokerages have recently commented on VLTO. Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. BMO Capital Markets decreased their target price on shares of Veralto from $123.00 to $114.00 and set an “outperform” rating for the company in a research report on Tuesday, November 25th. Barclays boosted their price target 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. Raymond James Financial started coverage on shares of Veralto in a research note on Tuesday, August 26th. They issued a “market perform” rating for the company. Finally, Royal Bank Of Canada raised their price objective on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th.

Veralto Stock Performance

Shares of NYSE VLTO opened at $100.61 on Friday. Veralto has a 12-month low of $83.86 and a 12-month high of $110.11. The company has a market cap of $24.98 billion, a PE ratio of 27.56, a P/E/G ratio of 3.14 and a beta of 0.87. The stock has a 50 day simple moving average of $100.48 and a 200-day simple moving average of $102.86. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.69.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the firm earned $0.89 EPS. The firm’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, equities research analysts forecast that Veralto will post 3.66 EPS for the current year.

Veralto Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, December 31st. This is an increase from Veralto’s previous quarterly dividend of $0.11. Veralto’s dividend payout ratio is 12.05%.

Insider Activity at Veralto

In other news, SVP Mattias Bystrom sold 1,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $101.73, for a total value of $101,730.00. Following the sale, the senior vice president owned 31,430 shares of the company’s stock, valued at approximately $3,197,373.90. The trade was a 3.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 the company. Harbor Asset Planning Inc. acquired a new stake in Veralto in the 2nd quarter valued at about $26,000. Root Financial Partners LLC bought a new stake in shares of Veralto in the 3rd quarter worth approximately $27,000. Loomis Sayles & Co. L P bought a new stake in shares of Veralto in the 2nd quarter worth approximately $28,000. Goodman Advisory Group LLC acquired a new stake in Veralto during the third quarter valued at approximately $29,000. Finally, Truvestments Capital LLC boosted its holdings in Veralto by 148.5% during the first quarter. Truvestments Capital LLC now owns 328 shares of the company’s stock worth $32,000 after buying an additional 196 shares in the last quarter. 91.28% of the stock is owned by institutional investors and hedge funds.

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.