Veralto (NYSE:VLTO) Stock Rating Upgraded by Wall Street Zen

Veralto (NYSE:VLTO) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

A number of other research analysts have also recently commented on the company. Robert W. Baird set a $111.00 price objective on Veralto in a report on Thursday, July 30th. Wolfe Research reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Veralto in a research note on Tuesday, September 15th. Citigroup increased their price target on Veralto from $102.00 to $107.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Veralto in a report on Monday, September 21st. Finally, BNP Paribas Exane reaffirmed an “outperform” rating and issued a $120.00 target price (up from $115.00) on shares of Veralto in a research report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $112.50.

Veralto Trading Up 0.2%

Shares of VLTO opened at $94.89 on Friday. Veralto has a 12-month low of $80.03 and a 12-month high of $107.90. The firm has a market capitalization of $23.13 billion, a P/E ratio of 23.96, a P/E/G ratio of 2.68 and a beta of 0.62. The firm has a 50-day moving average price of $96.67 and a 200 day moving average price of $91.05. The company has a current ratio of 1.78, a quick ratio of 1.61 and a debt-to-equity ratio of 0.86.

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

Insider Buying and Selling at Veralto

In related news, SVP Surekha Trivedi sold 986 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $97.05, for a total value of $95,691.30. Following the sale, the senior vice president owned 8,565 shares in the company, valued at approximately $831,233.25. The trade was a 10.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jennifer Honeycutt sold 7,097 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 124,085 shares in the company, valued at $12,597,109.20. This represents a 5.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 15,180 shares of company stock valued at $1,490,394. Company insiders own 0.43% of the company’s stock.

Hedge Funds Weigh In On Veralto

Hedge funds and other institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. grew its position in Veralto by 38.6% in the 2nd quarter. QRG Capital Management Inc. now owns 9,586 shares of the company’s stock valued at $850,000 after acquiring an additional 2,672 shares in the last quarter. Security National Bank of Sioux City Iowa IA lifted its position in shares of Veralto by 33.8% during 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 in the last quarter. Tidal Investments LLC lifted its position in shares of Veralto by 2.5% during the second quarter. Tidal Investments LLC now owns 50,275 shares of the company’s stock worth $4,458,000 after purchasing an additional 1,218 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of 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 boosted its stake in shares of Veralto by 35.5% in the second quarter. IFP Advisors Inc now owns 1,221 shares of the company’s stock valued at $108,000 after purchasing an additional 320 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 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.