Veralto (NYSE:VLTO) Price Target Raised to $101.00 at UBS Group

Veralto (NYSE:VLTO) had its target price upped by UBS Group from $99.00 to $101.00 in a report released on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

VLTO has been the topic of a number of other research reports. Barclays dropped their price objective on Veralto from $117.00 to $113.00 and set an “overweight” rating on the stock in a research report on Thursday. Stifel Nicolaus decreased their price target on shares of Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Citigroup lowered their price target on shares of Veralto from $104.00 to $102.00 and set a “neutral” rating on the stock in a report on Thursday. BMO Capital Markets reiterated an “outperform” rating on shares of Veralto in a research note on Wednesday, February 11th. Finally, Royal Bank Of Canada increased their target price on shares of Veralto from $99.00 to $100.00 and gave the company a “sector perform” rating in a research report on Thursday. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $106.33.

Veralto Stock Down 0.6%

NYSE:VLTO traded down $0.55 during trading hours on Friday, reaching $87.65. The company’s stock had a trading volume of 1,587,116 shares, compared to its average volume of 1,824,294. The stock has a 50 day moving average price of $90.55 and a two-hundred day moving average price of $96.50. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.52 and a current ratio of 1.48. The company has a market capitalization of $21.52 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 2.49 and a beta of 0.98. Veralto has a 12 month low of $84.99 and a 12 month high of $110.11.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.05. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 EPS. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. Equities analysts predict that Veralto will post 4.24 EPS for the current fiscal year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, March 31st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 31st. Veralto’s dividend payout ratio (DPR) is currently 13.44%.

Hedge Funds Weigh In On Veralto

Several hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in Veralto during the 4th quarter valued at approximately $261,340,000. FIL Ltd lifted its stake in shares of Veralto by 263.8% during the fourth quarter. FIL Ltd now owns 1,798,310 shares of the company’s stock worth $179,435,000 after buying an additional 1,303,940 shares during the period. First Trust Advisors LP grew its holdings in shares of Veralto by 33.3% during the fourth quarter. First Trust Advisors LP now owns 4,678,084 shares of the company’s stock valued at $466,779,000 after buying an additional 1,169,572 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Veralto by 86.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,157,211 shares of the company’s stock valued at $226,615,000 after acquiring an additional 997,778 shares during the period. Finally, SG Americas Securities LLC raised its stake in Veralto by 115.2% in the 1st quarter. SG Americas Securities LLC now owns 1,681,786 shares of the company’s stock worth $148,704,000 after acquiring an additional 900,135 shares during the last quarter. Institutional investors and hedge funds 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. This segment provides water solutions, including chemical reagents, services, and digital solutions.