Veralto (NYSE:VLTO) Receives "Buy (B-)" Rating from Weiss Ratings

Key Points

• Veralto received a "Buy (B-)" rating from Weiss Ratings, indicating positive analyst sentiment towards its stock performance.
• The company's stock price target has seen increases from various analysts, with a current average target of $113.43.
• Veralto reported a quarterly earnings per share (EPS) of $0.93, surpassing estimates and showing a year-over-year revenue growth of 6.4%.

Veralto (NYSE:VLTO - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by equities researchers at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

VLTO has been the subject of a number of other research reports. Royal Bank Of Canada upped their price target on Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 price target on shares of Veralto and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Robert W. Baird lifted their target price on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Barclays reduced their price target on Veralto from $120.00 to $119.00 and set an "overweight" rating for the company in a research report on Monday, October 6th. Finally, Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $113.43.

Veralto Trading Down 0.2%

Shares of VLTO stock traded down $0.18 on Friday, reaching $104.69. 375,702 shares of the stock were exchanged, compared to its average volume of 1,345,135. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. Veralto has a one year low of $83.86 and a one year high of $110.11. The stock has a market cap of $25.98 billion, a PE ratio of 29.24, a P/E/G ratio of 3.42 and a beta of 0.90. The stock has a 50 day moving average price of $105.72 and a 200 day moving average price of $101.43.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the company earned $0.85 earnings per share. The company's revenue was up 6.4% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. Equities research analysts forecast that Veralto will post 3.66 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the firm's stock in a transaction on 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 owned 106,219 shares of the company's stock, valued at $11,286,830.94. This trade represents a 9.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.36% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VLTO. Harbor Asset Planning Inc. bought a new stake in shares of Veralto during the second quarter valued at approximately $26,000. Loomis Sayles & Co. L P bought a new position in shares of Veralto during the 2nd quarter worth $28,000. Truvestments Capital LLC increased its holdings in Veralto by 148.5% in the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company's stock worth $32,000 after acquiring an additional 196 shares during the last quarter. True Wealth Design LLC raised its stake in Veralto by 852.9% in the 3rd quarter. True Wealth Design LLC now owns 324 shares of the company's stock valued at $35,000 after acquiring an additional 290 shares during the period. Finally, Headlands Technologies LLC bought a new position in Veralto during the second quarter worth about $44,000. 91.28% of the stock is owned by institutional investors and hedge funds.

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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