Analysts Set Veralto Corporation (NYSE:VLTO) Price Target at $113.43

Shares of Veralto Corporation (NYSE:VLTO) have been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $113.4286.

VLTO has been the subject of several recent analyst reports. Royal Bank Of Canada increased their price objective on shares of Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 30th. Robert W. Baird increased their target price on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Wolfe Research upgraded Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Raymond James Financial initiated coverage on shares of Veralto in a report on Tuesday, August 26th. They issued a “market perform” rating for the company. Finally, Stifel Nicolaus set a $120.00 price target on Veralto and gave the stock a “buy” rating in a report on Wednesday, July 30th.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of the 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 transaction, the chief executive officer directly owned 106,219 shares of the company’s stock, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Veralto

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its position in shares of Veralto by 11.5% during the first quarter. Park Avenue Securities LLC now owns 19,213 shares of the company’s stock worth $1,872,000 after acquiring an additional 1,985 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Veralto by 13.1% in the first quarter. Royal Bank of Canada now owns 1,177,453 shares of the company’s stock worth $114,741,000 after buying an additional 136,708 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Veralto by 1.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,784 shares of the company’s stock valued at $856,000 after acquiring an additional 113 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Veralto by 9.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 26,833 shares of the company’s stock worth $2,619,000 after acquiring an additional 2,313 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Veralto by 3.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 14,544 shares of the company’s stock worth $1,417,000 after purchasing an additional 429 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Veralto Stock Down 0.1%

Shares of NYSE:VLTO opened at $109.02 on Wednesday. The company has a fifty day moving average of $105.52 and a 200-day moving average of $99.94. Veralto has a 52-week low of $83.86 and a 52-week high of $115.00. The company has a market capitalization of $27.05 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 3.62 and a beta of 0.91. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.06 and a current ratio of 2.32.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.04. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. On average, equities analysts predict that Veralto will post 3.66 EPS for the current fiscal year.

Veralto Company Profile

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.