Veralto Corporation (NYSE:VLTO) Receives $113.43 Consensus PT from Analysts

Key Points

• Veralto Corporation (NYSE:VLTO) has received an average consensus recommendation of "Moderate Buy" from nine research firms, with four rating it a hold and five a buy.
• The average twelve-month price target among brokerages for Veralto is $113.43, indicating positive expectations for the stock's performance.
• CEO Jennifer Honeycutt sold 10,646 shares at an average price of $106.26, reducing her ownership stake by 9.11%.

Shares of Veralto Corporation (NYSE:VLTO - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine brokerages that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $113.4286.

Several equities analysts have recently commented on the stock. Raymond James Financial assumed coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a "market perform" rating for the company. Royal Bank Of Canada upped their price objective on shares of Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wolfe Research raised shares of Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Finally, Robert W. Baird upped their price objective on shares of Veralto from $106.00 to $112.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th.

Insiders Place Their Bets

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the company's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $106.26, for a total value of $1,131,243.96. Following the completion of the sale, the chief executive officer owned 106,219 shares of the company's stock, valued at $11,286,830.94. This represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.36% of the stock is owned by insiders.

Institutional Investors Weigh In On Veralto

Institutional investors have recently bought and sold shares of the stock. Harbor Asset Planning Inc. acquired a new stake in Veralto in the second quarter worth about $26,000. Loomis Sayles & Co. L P acquired a new stake in Veralto in the 2nd quarter valued at about $28,000. Bernard Wealth Management Corp. acquired a new stake in Veralto in the 4th quarter valued at about $30,000. Truvestments Capital LLC lifted its holdings in Veralto by 148.5% in the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company's stock valued at $32,000 after acquiring an additional 196 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Veralto in the 2nd quarter valued at about $44,000. Institutional investors and hedge funds own 91.28% of the company's stock.

Veralto Stock Performance

Shares of Veralto stock traded down $0.09 during trading on Wednesday, hitting $109.02. 1,253,217 shares of the stock were exchanged, compared to its average volume of 883,536. The stock's fifty day moving average is $105.52 and its 200 day moving average is $99.95. The stock has a market cap of $27.05 billion, a PE ratio of 30.45, a P/E/G 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 has a 12 month low of $83.86 and a 12 month high of $115.00.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The company's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. As a group, sell-side analysts anticipate that Veralto will post 3.66 EPS for the current 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.