Veralto Corporation Declares Quarterly Dividend of $0.13 (NYSE:VLTO)

Veralto Corporation (NYSE:VLTO) announced a quarterly dividend on Tuesday, September 22nd. Investors of record on Wednesday, September 30th will be paid a dividend of 0.13 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, September 30th.

Veralto has a dividend payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Veralto to earn $4.76 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 10.9%.

Veralto Stock Performance

VLTO stock traded up $1.35 during midday trading on Thursday, hitting $97.23. 308,849 shares of the stock traded hands, compared to its average volume of 1,981,236. Veralto has a 1-year low of $80.03 and a 1-year high of $107.90. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.61. The stock’s fifty day simple moving average is $96.18 and its 200-day simple moving average is $90.86. The firm has a market cap of $23.70 billion, a P/E ratio of 24.57, a PEG ratio of 2.72 and a beta of 0.60.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. Veralto had a net margin of 17.35% and a return on equity of 34.76%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. On average, analysts expect that Veralto will post 4.41 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Veralto from $111.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Veralto in a research note on Monday. BNP Paribas Exane restated an “outperform” rating and issued a $120.00 price target (up from $115.00) on shares of Veralto in a research report on Thursday, July 30th. Citigroup increased their price target on Veralto from $102.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, Robert W. Baird set a $111.00 price objective on Veralto in a research note on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.50.

About Veralto

Veralto Corporation (NYSE: VLTO) is a global provider of technology, equipment, software and services focused on water quality and product quality. The company serves municipal, industrial, commercial and consumer markets, helping customers monitor and manage water systems while improving the production, packaging and identification of products.

Veralto operates through two primary segments. Its Water Quality businesses provide water analytics, testing and monitoring systems, treatment technologies, flow measurement equipment and related software and services.