Raymond James Financial Initiates Coverage on Veralto (NYSE:VLTO)

Key Points

• Raymond James Financial has initiated coverage on Veralto (NYSE:VLTO) with a "market perform" rating, indicating a cautious outlook on the stock's performance.
• Veralto reported a quarterly EPS of $0.93, surpassing the consensus estimate of $0.89, and anticipates a FY 2025 EPS guidance of 3.720-3.800.
• A total of nine analysts have given ratings for Veralto, with five rating it as a Buy and four as a Hold, leading to a consensus rating of "Moderate Buy" and a price target of $113.43.

Stock analysts at Raymond James Financial began coverage on shares of Veralto (NYSE:VLTO - Get Free Report) in a research note issued on Tuesday,Briefing.com Automated Import reports. The firm set a "market perform" rating on the stock.

Several other equities analysts have also commented on VLTO. Robert W. Baird upped their target price on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Northcoast Research started coverage on Veralto in a research note on Tuesday, May 6th. They set a "buy" rating and a $110.00 target price for the company. Wolfe Research upgraded Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada increased their target price on Veralto from $104.00 to $108.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 target price on Veralto and gave the company a "buy" rating in a report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Veralto has a consensus rating of "Moderate Buy" and a consensus price target of $113.43.

Veralto Trading Down 1.6%

Shares of NYSE VLTO opened at $107.4360 on Tuesday. The stock's 50 day moving average price is $103.74 and its two-hundred day moving average price is $99.22. Veralto has a 52-week low of $83.86 and a 52-week high of $115.00. The stock has a market capitalization of $26.66 billion, a P/E ratio of 29.88, a PEG ratio of 3.60 and a beta of 0.91. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. The firm 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%.Veralto's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm 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, analysts anticipate that Veralto will post 3.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Veralto news, SVP Surekha Trivedi sold 848 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $100.55, for a total transaction of $85,266.40. Following the completion of the transaction, the senior vice president owned 8,433 shares in the company, valued at $847,938.15. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of VLTO. Norges Bank bought a new position in shares of Veralto in the second quarter valued at approximately $264,150,000. Nuveen LLC acquired a new stake in shares of Veralto in the first quarter valued at approximately $172,399,000. Alliancebernstein L.P. increased its holdings in shares of Veralto by 28.0% in the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company's stock valued at $607,656,000 after purchasing an additional 1,363,502 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Veralto by 6,015.1% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,347,647 shares of the company's stock valued at $136,045,000 after purchasing an additional 1,325,609 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Veralto in the fourth quarter valued at approximately $96,888,000. Institutional investors own 91.28% of the company's stock.

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.

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