Veralto (NYSE:VLTO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Veralto (NYSE:VLTO) from a hold rating to a buy rating in a report issued on Saturday,Wall Street Zen reports.

Several other equities research analysts have also recently weighed in on VLTO. Stifel Nicolaus upped their target price on Veralto from $111.00 to $114.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Royal Bank Of Canada lifted their price target on Veralto from $100.00 to $109.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Citigroup upped their price objective on Veralto from $102.00 to $107.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Barclays raised their price objective on Veralto from $113.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Finally, UBS Group lifted their target price on Veralto from $98.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $112.70.

Veralto Trading Up 2.0%

VLTO opened at $96.54 on Friday. The stock has a market capitalization of $23.54 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 2.68 and a beta of 0.62. The company has a quick ratio of 1.61, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. Veralto has a twelve month low of $80.03 and a twelve month high of $107.36. The company has a 50-day simple moving average of $96.71 and a 200 day simple moving average of $91.09.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, July 28th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.01 by $0.10. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. Veralto had a net margin of 17.35% and a return on equity of 34.76%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. Analysts predict that Veralto will post 4.41 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be issued a $0.13 dividend. 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, September 30th. Veralto’s dividend payout ratio is presently 13.13%.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 986 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $97.05, for a total transaction of $95,691.30. Following the sale, the senior vice president directly owned 8,565 shares in the company, valued at approximately $831,233.25. The trade was a 10.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jennifer Honeycutt sold 7,097 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $101.52, for a total value of $720,487.44. Following the completion of the transaction, the chief executive officer directly owned 124,085 shares of the company’s stock, valued at $12,597,109.20. This represents a 5.41% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 15,180 shares of company stock valued at $1,490,394. Insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Veralto

Several hedge funds have recently added to or reduced their stakes in VLTO. QRG Capital Management Inc. lifted its holdings in shares of Veralto by 38.6% during the second quarter. QRG Capital Management Inc. now owns 9,586 shares of the company’s stock worth $850,000 after purchasing an additional 2,672 shares during the period. Security National Bank of Sioux City Iowa IA grew its stake in shares of Veralto by 33.8% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 20,684 shares of the company’s stock worth $1,834,000 after purchasing an additional 5,229 shares during the last quarter. Tidal Investments LLC increased its holdings in Veralto by 2.5% in the second quarter. Tidal Investments LLC now owns 50,275 shares of the company’s stock valued at $4,458,000 after purchasing an additional 1,218 shares during the period. NewEdge Advisors LLC increased its holdings in Veralto by 123.0% in the second quarter. NewEdge Advisors LLC now owns 9,662 shares of the company’s stock valued at $857,000 after purchasing an additional 5,329 shares during the period. Finally, IFP Advisors Inc raised its position in Veralto by 35.5% during the 2nd quarter. IFP Advisors Inc now owns 1,221 shares of the company’s stock worth $108,000 after purchasing an additional 320 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Company Profile

Veralto Corporation (NYSE: VLTO) is a global provider of products, services and technology focused on water analytics and product quality and innovation. The company was formed in 2023 through the separation of certain operating companies from Danaher Corporation and is headquartered in Waltham, Massachusetts.

Veralto’s Water Analytics segment provides equipment, software and services used to monitor, analyze and manage water and wastewater. Its brands include Hach, Trojan Technologies, ChemTreat and OTT HydroMet, which serve municipal, industrial and environmental applications such as water quality testing, disinfection, treatment and hydrology.

The company’s Product Quality and Innovation segment helps manufacturers and consumer-goods companies manage production quality, packaging, coding, marking and product identification.