Veralto Corporation (NYSE:VLTO) Stock Has Average Price Target of $112.70

Veralto Corporation (NYSE:VLTO) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $112.70.

Several research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Veralto from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. Wall Street Zen raised shares of Veralto from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. Citigroup upped their price target on shares of Veralto from $102.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Wolfe Research reiterated an “outperform” rating and set a $125.00 price target on shares of Veralto in a report on Tuesday, September 15th. Finally, Robert W. Baird set a $111.00 price target on shares of Veralto in a research report on Thursday, July 30th.

Veralto Trading Up 0.2%

Shares of VLTO stock opened at $101.13 on Thursday. The stock has a market capitalization of $24.65 billion, a PE ratio of 25.54, a P/E/G ratio of 2.86 and a beta of 0.62. Veralto has a 1-year low of $80.03 and a 1-year high of $105.75. The business has a 50-day moving average of $97.01 and a 200 day moving average of $91.74. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.61.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.10. Veralto had a return on equity of 34.76% and a net margin of 17.35%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the company earned $0.93 EPS. Veralto’s revenue for the quarter 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. As a group, sell-side analysts anticipate that Veralto will post 4.41 earnings per share for the current year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be given a $0.13 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.5%. Veralto’s payout ratio is presently 13.13%.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 986 shares of the 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 completion of the sale, the senior vice president directly owned 8,565 shares in the company, valued at approximately $831,233.25. This represents 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 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 firm’s stock in a transaction dated Wednesday, July 29th. The stock was 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 directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VLTO. Highland Investment Advisors LLC bought a new position in Veralto during the 2nd quarter valued at approximately $32,000. International Assets Investment Management LLC bought a new stake in shares of Veralto in the 1st quarter worth approximately $66,000. Western Wealth Management LLC bought a new stake in shares of Veralto in the 1st quarter worth approximately $83,000. Ascentis Independent Advisors bought a new position in shares of Veralto during the first quarter valued at approximately $96,000. Finally, Oslo Pensjonsforsikring AS bought a new position in shares of Veralto during the first quarter valued at approximately $104,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

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.