Veralto (NYSE:VLTO) Upgraded at Weiss Ratings

Weiss Ratings upgraded shares of Veralto (NYSE:VLTO) from a hold (c+) rating to a buy (b-) rating in a research report released on Wednesday morning,Weiss Ratings reports.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus set a $120.00 target price on Veralto and gave the stock a “buy” rating in a report on Wednesday, July 30th. Wolfe Research raised Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Raymond James Financial assumed coverage on Veralto in a report on Tuesday, August 26th. They issued a “market perform” rating for the company. Barclays dropped their target price on Veralto from $120.00 to $119.00 and set an “overweight” rating for the company in a report on Monday. Finally, Royal Bank Of Canada increased their target price on Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Veralto currently has a consensus rating of “Moderate Buy” and an average price target of $113.43.

Veralto Price Performance

Shares of VLTO stock opened at $101.72 on Wednesday. The stock has a 50 day moving average of $106.58 and a two-hundred day moving average of $100.94. The company has a current ratio of 2.32, a quick ratio of 2.06 and a debt-to-equity ratio of 1.00. Veralto has a 12 month low of $83.86 and a 12 month high of $115.00. The company has a market capitalization of $25.24 billion, a P/E ratio of 28.41, a P/E/G ratio of 3.42 and a beta of 0.90.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company earned $0.85 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. As a group, equities analysts expect that Veralto will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, September 30th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Veralto’s dividend payout ratio (DPR) is currently 12.29%.

Insiders Place Their Bets

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the completion of the sale, the chief executive officer directly owned 106,219 shares of the company’s stock, valued at $11,286,830.94. This trade represents a 9.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Veralto

Several hedge funds and other institutional investors have recently made changes to their positions in VLTO. Brighton Jones LLC increased its stake in shares of Veralto by 16.1% in the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after buying an additional 479 shares during the period. Park Avenue Securities LLC increased its stake in shares of Veralto by 11.5% in the 1st quarter. Park Avenue Securities LLC now owns 19,213 shares of the company’s stock valued at $1,872,000 after buying an additional 1,985 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Veralto by 12.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,938 shares of the company’s stock valued at $287,000 after buying an additional 333 shares during the period. Yousif Capital Management LLC increased its stake in shares of Veralto by 26.9% in the 1st quarter. Yousif Capital Management LLC now owns 37,754 shares of the company’s stock valued at $3,679,000 after buying an additional 7,992 shares during the period. Finally, Avanza Fonder AB increased its stake in shares of Veralto by 14.1% in the 1st quarter. Avanza Fonder AB now owns 24,552 shares of the company’s stock valued at $2,423,000 after buying an additional 3,026 shares during the period. 91.28% of the stock is owned by institutional investors and hedge funds.

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.