Veralto Corporation (NYSE:VLTO – Get Free Report) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $112.60.
A number of research firms have commented on VLTO. Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Wolfe Research reiterated an “outperform” rating and issued a $125.00 price objective on shares of Veralto in a research report on Tuesday, September 15th. Stifel Nicolaus set a $113.00 target price on Veralto in a research note on Monday. BNP Paribas Exane restated an “outperform” rating and set a $120.00 target price (up from $115.00) on shares of Veralto in a report on Thursday, July 30th. Finally, Citigroup upped their target price on Veralto from $102.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, July 30th.
Get Our Latest Stock Analysis on Veralto
Veralto Trading Down 0.1%
Veralto (NYSE:VLTO – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. Veralto had a return on equity of 34.76% and a net margin of 17.35%. Veralto’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. As a group, equities research analysts forecast that Veralto will post 4.41 earnings per share for the current year.
Veralto Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, September 30th. Veralto’s dividend payout ratio (DPR) is currently 13.13%.
Insider Activity
In related news, CEO Jennifer Honeycutt sold 7,097 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $101.52, for a total transaction of $720,487.44. Following the transaction, the chief executive officer owned 124,085 shares in the company, valued at $12,597,109.20. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Surekha Trivedi sold 986 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $97.05, for a total transaction of $95,691.30. Following the transaction, the senior vice president owned 8,565 shares in the company, valued at $831,233.25. This represents a 10.32% 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. Company insiders own 0.43% of the company’s stock.
Institutional Trading of Veralto
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Valeo Financial Advisors LLC grew its holdings in shares of Veralto by 5.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,751 shares of the company’s stock worth $244,000 after acquiring an additional 131 shares during the period. Quadrant Capital Group LLC raised its holdings in Veralto by 1.2% in the third quarter. Quadrant Capital Group LLC now owns 12,100 shares of the company’s stock worth $1,198,000 after buying an additional 141 shares during the last quarter. Nolet Wealth Management LLC lifted its position in Veralto by 1.0% in the 2nd quarter. Nolet Wealth Management LLC now owns 15,277 shares of the company’s stock valued at $1,355,000 after acquiring an additional 146 shares in the last quarter. Syon Capital LLC lifted its holdings in shares of Veralto by 4.4% during the second quarter. Syon Capital LLC now owns 4,617 shares of the company’s stock valued at $409,000 after purchasing an additional 194 shares in the last quarter. Finally, S&CO Inc. lifted its stake in Veralto by 9.0% during the 1st quarter. S&CO Inc. now owns 2,433 shares of the company’s stock valued at $215,000 after acquiring an additional 200 shares during the period. 91.28% of the stock is currently owned by hedge funds and other institutional investors.
Veralto Company Profile
Veralto Corporation (NYSE: VLTO) is a global provider of technology, products and services that help customers manage water quality and improve the quality, safety and efficiency of packaged goods. The company serves municipal, industrial, commercial and consumer-facing markets through a portfolio of operating businesses.
Veralto’s Water Quality segment provides instruments, software and services used to test, monitor and treat water and wastewater. Its brands include Hach, Trojan Technologies and ChemTreat, which support applications such as laboratory and field testing, disinfection, water treatment and industrial water management.
The company’s Product Quality & Innovation segment supplies technologies used in product identification, packaging design, color management and quality inspection.
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