Veralto (NYSE:VLTO) Coverage Initiated at Barclays

Key Points

• Barclays has initiated coverage on Veralto (NYSE:VLTO) with an "overweight" rating and a price target of $120.00, indicating a potential upside of nearly 12% from its previous close.
• Veralto reported a 6.4% increase in revenuestrong> year-over-year, with quarterly earnings surpassing analysts' expectations at $0.93 per share.
• Currently, 91.28% of Veralto's stock is owned by institutional investors, reflecting a strong interest in the company from major financial institutions.

Equities research analysts at Barclays initiated coverage on shares of Veralto (NYSE:VLTO - Get Free Report) in a report released on Friday,Benzinga reports. The firm set an "overweight" rating and a $120.00 price target on the stock. Barclays's price target would suggest a potential upside of 11.96% from the stock's previous close.

VLTO has been the subject of several other reports. 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 research note on Wednesday, July 30th. Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Raymond James Financial initiated coverage on Veralto in a research report on Tuesday, August 26th. They issued a "market perform" rating for the company. Stifel Nicolaus set a $120.00 price objective on Veralto and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Robert W. Baird lifted their price target on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Veralto presently has a consensus rating of "Moderate Buy" and an average price target of $114.25.

Veralto Stock Performance

NYSE:VLTO opened at $107.18 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00. The company has a market cap of $26.60 billion, a P/E ratio of 29.94, a P/E/G ratio of 3.54 and a beta of 0.91. Veralto has a fifty-two week low of $83.86 and a fifty-two week high of $115.00. The firm's 50 day moving average is $105.87 and its two-hundred day moving average is $100.15.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. Veralto had a net margin of 16.65% and a return on equity of 41.45%. Veralto's revenue was up 6.4% on a year-over-year basis. During the same quarter last 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. Analysts expect that Veralto will post 3.66 EPS for the current year.

Insiders Place Their Bets

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

Institutional Trading of Veralto

A number of large investors have recently bought and sold shares of the stock. Brighton Jones LLC raised its position in shares of Veralto by 16.1% during the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company's stock worth $352,000 after acquiring an additional 479 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of Veralto by 18.6% in the fourth quarter. Two Sigma Advisers LP now owns 24,266 shares of the company's stock valued at $2,471,000 after buying an additional 3,799 shares during the last quarter. Vident Advisory LLC lifted its holdings in Veralto by 174.1% during the 4th quarter. Vident Advisory LLC now owns 9,644 shares of the company's stock worth $982,000 after purchasing an additional 6,125 shares during the last quarter. Woodline Partners LP acquired a new stake in Veralto during the 4th quarter worth approximately $700,000. Finally, Toronto Dominion Bank raised its holdings in Veralto by 223.9% in the 4th quarter. Toronto Dominion Bank now owns 400,225 shares of the company's stock valued at $40,762,000 after acquiring an additional 276,666 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

About Veralto

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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