Veralto (NYSE:VLTO) Releases Earnings Results, Beats Estimates By $0.04 EPS

Key Points

• Veralto reported earnings of $0.93 EPS for the quarter, exceeding the consensus estimate by $0.04.
• The company announced a quarterly dividend of $0.11 per share, with a yield of 0.43% and a payout ratio of 12.57%.
• Analysts have a consensus rating of "Hold" on Veralto shares, with an average target price of $111.18.

Veralto (NYSE:VLTO - Get Free Report) released its quarterly earnings data on Monday. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.04, Zacks reports. Veralto had a return on equity of 41.45% and a net margin of 16.65%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The business's revenue for the quarter was up 6.4% on a year-over-year basis. Veralto updated its FY 2025 guidance to 3.720-3.800 EPS and its Q3 2025 guidance to 0.910-0.950 EPS.

Veralto Stock Down 0.8%

Veralto stock traded down $0.89 during midday trading on Friday, hitting $103.94. The stock had a trading volume of 203,985 shares, compared to its average volume of 1,398,705. The stock has a market cap of $25.79 billion, a P/E ratio of 29.02, a P/E/G ratio of 4.12 and a beta of 0.91. The business has a fifty day moving average price of $101.07 and a 200 day moving average price of $98.59. Veralto has a 12 month low of $83.86 and a 12 month high of $115.00. The company has a current ratio of 2.32, a quick ratio of 1.92 and a debt-to-equity ratio of 1.00.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 30th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, June 30th. Veralto's payout ratio is currently 12.29%.

Insider Activity

In other Veralto news, SVP Mattias Bystrom sold 2,500 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $99.96, for a total value of $249,900.00. Following the completion of the sale, the senior vice president directly owned 32,430 shares in the company, valued at $3,241,702.80. This represents a 7.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Lesley Beneteau sold 458 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $100.84, for a total value of $46,184.72. Following the sale, the senior vice president owned 13,571 shares of the company's stock, valued at $1,368,499.64. This trade represents a 3.26% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,806 shares of company stock valued at $381,351. 0.36% of the stock is currently owned by insiders.

Institutional Trading of Veralto

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Veralto by 5.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,947 shares of the company's stock worth $2,529,000 after acquiring an additional 1,306 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Veralto by 20.4% in the first quarter. Empowered Funds LLC now owns 4,551 shares of the company's stock valued at $443,000 after buying an additional 770 shares during the period. Brighton Jones LLC lifted its stake in shares of Veralto by 16.1% in the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company's stock valued at $352,000 after buying an additional 479 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in Veralto by 102.4% during the first quarter. Geneos Wealth Management Inc. now owns 832 shares of the company's stock worth $81,000 after purchasing an additional 421 shares during the period. 91.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Royal Bank Of Canada raised their price target on Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Robert W. Baird raised their price target on Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a report on Wednesday. Citigroup reduced their price objective on Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Northcoast Research started coverage on Veralto in a report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price objective for the company. Finally, Wolfe Research raised Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $114.00.

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.