Veralto Corporation (NYSE:VLTO) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

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 received an average recommendation of "Moderate Buy" from the nine research firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $113.4286.

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

Insider Activity at Veralto

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 106,219 shares of the company's stock, valued at $11,286,830.94. This trade represents a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is owned by insiders.

Institutional Investors Weigh In On Veralto

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

Veralto Price Performance

Shares of VLTO opened at $105.06 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The company's fifty day moving average price is $105.24 and its 200-day moving average price is $99.78. Veralto has a 1-year low of $83.86 and a 1-year high of $115.00. The firm has a market capitalization of $26.07 billion, a PE ratio of 29.35, a price-to-earnings-growth ratio of 3.55 and a beta of 0.91.

Veralto (NYSE:VLTO - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. 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 research analysts predict 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.

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