Veralto (NYSE:VLTO) Receives "Outperform" Rating from Wolfe Research

Key Points

• Wolfe Research reaffirmed its “Outperform” rating on Veralto and set a $125 price target, implying approximately 29.8% upside from the stock’s $96.27 opening price.
• Veralto reported quarterly EPS of $1.11, beating estimates by $0.10, while revenue rose 7.5% year over year to $1.47 billion. Analysts maintain a consensus “Moderate Buy” rating with an average target of $112.50.
• Institutional investors own 91.28% of Veralto’s shares, while company insiders sold 15,180 shares worth approximately $1.49 million during the last quarter.

Veralto (NYSE:VLTO - Get Free Report)'s stock had its "outperform" rating reaffirmed by equities researchers at Wolfe Research in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $125.00 price objective on the stock. Wolfe Research's target price would suggest a potential upside of 29.84% from the stock's current price.

VLTO has been the subject of several other research reports. Stifel Nicolaus boosted their target price on Veralto from $111.00 to $114.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. BNP Paribas Exane reaffirmed an "outperform" rating and set a $120.00 price target (up from $115.00) on shares of Veralto in a report on Thursday, July 30th. Robert W. Baird set a $111.00 price objective on shares of Veralto in a research note on Thursday, July 30th. Citigroup raised their target price on shares of Veralto from $102.00 to $107.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Veralto in a report on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $112.50.

Veralto Stock Up 2.3%

Shares of VLTO opened at $96.27 on Tuesday. The firm has a 50 day simple moving average of $95.73 and a two-hundred day simple moving average of $90.89. 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 has a one year low of $80.03 and a one year high of $109.53. The company has a market cap of $23.47 billion, a P/E ratio of 24.31, a P/E/G ratio of 2.67 and a beta of 0.60.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the company posted $0.93 EPS. The company'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. Research analysts forecast that Veralto will post 4.41 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jennifer Honeycutt sold 7,097 shares of Veralto stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $101.52, for a total transaction of $720,487.44. Following the sale, the chief executive officer directly owned 124,085 shares in the company, valued at $12,597,109.20. This trade represents a 5.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 that occurred on Monday, August 17th. The stock was sold at an average price of $97.05, for a total transaction of $95,691.30. Following the sale, the senior vice president directly owned 8,565 shares in the company, valued at $831,233.25. The trade was a 10.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 15,180 shares of company stock valued at $1,490,394. 0.43% of the stock is owned by company insiders.

Hedge Funds Weigh In On Veralto

A number of hedge funds have recently modified their holdings of VLTO. Arbejdsmarkedets Tillaegspension lifted its holdings in Veralto by 23.4% during the first quarter. Arbejdsmarkedets Tillaegspension now owns 291,695 shares of the company's stock worth $25,792,000 after acquiring an additional 55,348 shares during the period. Handelsbanken Fonder AB grew its stake in Veralto by 9.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 219,254 shares of the company's stock valued at $19,443,000 after purchasing an additional 18,277 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Veralto during the 4th quarter valued at $4,511,000. Goodman Financial Corp raised its stake in shares of Veralto by 60.7% during the 1st quarter. Goodman Financial Corp now owns 145,752 shares of the company's stock worth $12,887,000 after purchasing an additional 55,032 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Veralto by 16.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,788,026 shares of the company's stock worth $158,063,000 after purchasing an additional 252,267 shares during the period. Institutional investors and hedge funds own 91.28% of the company's stock.

Veralto Company Profile

Veralto Corporation NYSE: VLTO is a global provider of technology, equipment, software and services focused on water quality and product quality. The company serves municipal, industrial, commercial and consumer markets, helping customers monitor and manage water systems while improving the production, packaging and identification of products.

Veralto operates through two primary segments. Its Water Quality businesses provide water analytics, testing and monitoring systems, treatment technologies, flow measurement equipment and related software and services.

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