Veralto (NYSE:VLTO) Stock Rating Upgraded by Weiss Ratings

Key Points

• Veralto's stock rating was upgraded by Weiss Ratings from "hold" to "buy," signaling increased confidence among analysts.
• Several firms have raised their target prices for Veralto, with the average target price now at $113.43, indicating strong investor interest.
• Veralto posted a quarterly earnings per share of $0.93, surpassing estimates and demonstrating revenue growth of 6.4% year-over-year.

Veralto (NYSE:VLTO - Get Free Report) was upgraded by equities research analysts at Weiss Ratings from a "hold (c+)" rating to a "buy (b-)" rating in a report issued on Wednesday,Weiss Ratings reports.

Several other research analysts also recently weighed in on the stock. Royal Bank Of Canada upped their target price 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. Raymond James Financial began coverage on shares of Veralto in a research note on Tuesday, August 26th. They set a "market perform" rating on the stock. Robert W. Baird increased their price objective on shares of Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Barclays dropped their target price on shares of Veralto from $120.00 to $119.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Stifel Nicolaus set a $120.00 target price on shares of Veralto and gave the stock a "buy" rating in a report on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $113.43.

Veralto Trading Down 0.6%

Shares of Veralto stock traded down $0.61 during trading hours on Wednesday, hitting $104.23. The company's stock had a trading volume of 530,495 shares, compared to its average volume of 1,353,876. Veralto has a 1-year low of $83.86 and a 1-year high of $115.00. The business has a fifty day moving average of $106.71 and a 200 day moving average of $100.85. The company has a market capitalization of $25.87 billion, a PE ratio of 29.10, a P/E/G ratio of 3.52 and a beta of 0.90. The company has a quick ratio of 2.06, a current ratio of 2.32 and a debt-to-equity ratio of 1.00.

Veralto (NYSE:VLTO - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.04. The business had revenue of $1.37 billion during 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%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period 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, equities analysts forecast that Veralto will post 3.66 EPS for the current year.

Insider Activity

In other news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction that occurred on 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 transaction, the chief executive officer owned 106,219 shares of the company's stock, valued at $11,286,830.94. The trade was a 9.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.36% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Veralto

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Veralto by 1.6% in the second quarter. Vanguard Group Inc. now owns 30,206,111 shares of the company's stock worth $3,049,307,000 after buying an additional 468,641 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Veralto by 8.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company's stock worth $1,027,264,000 after buying an additional 811,843 shares during the period. State Street Corp boosted its holdings in shares of Veralto by 1.9% in the second quarter. State Street Corp now owns 10,257,956 shares of the company's stock worth $1,036,653,000 after buying an additional 192,139 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Veralto by 28.0% in the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company's stock worth $607,656,000 after buying an additional 1,363,502 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Veralto by 6.9% in the first quarter. Invesco Ltd. now owns 4,856,071 shares of the company's stock worth $473,224,000 after buying an additional 314,704 shares during the period. Institutional investors and hedge funds own 91.28% of the company's stock.

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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