Veralto (NYSE:VLTO) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Veralto (NYSE:VLTO) to a strong-buy rating in a research report report published on Monday,Zacks reports.

A number of other research analysts have also recently commented on VLTO. Royal Bank Of Canada upped their price target on Veralto from $100.00 to $109.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Barclays lifted their target price on Veralto from $113.00 to $117.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Wolfe Research reissued an “outperform” rating and set a $125.00 price target on shares of Veralto in a research report on Tuesday, September 15th. Wall Street Zen raised shares of Veralto from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. Finally, Robert W. Baird set a $111.00 target price on shares of Veralto in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.70.

Veralto Trading Up 1.6%

VLTO opened at $100.59 on Monday. The stock has a market capitalization of $24.52 billion, a PE ratio of 25.40, a P/E/G ratio of 2.81 and a beta of 0.62. Veralto has a one year low of $80.03 and a one year high of $105.75. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.61 and a current ratio of 1.78. The business’s 50 day moving average price is $96.89 and its 200 day moving average price is $91.56.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.01 by $0.10. Veralto had a return on equity of 34.76% and a net margin of 17.35%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the company posted $0.93 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. As a group, equities research analysts expect that Veralto will post 4.41 EPS for the current year.

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.52 annualized dividend and a yield of 0.5%. Veralto’s dividend payout ratio is 13.13%.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 986 shares of Veralto stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $97.05, for a total value of $95,691.30. Following the completion of the transaction, the senior vice president owned 8,565 shares in the company, valued at approximately $831,233.25. This trade represents a 10.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jennifer Honeycutt sold 7,097 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total value of $720,487.44. Following the transaction, the chief executive officer directly owned 124,085 shares of the company’s stock, valued at approximately $12,597,109.20. This represents a 5.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,180 shares of company stock worth $1,490,394 in the last ninety days. 0.43% of the stock is owned by corporate insiders.

Institutional Trading of Veralto

Several hedge funds have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC grew its stake in shares of Veralto by 5.0% during the second quarter. Valeo Financial Advisors LLC now owns 2,751 shares of the company’s stock worth $244,000 after purchasing an additional 131 shares in the last quarter. Nolet Wealth Management LLC raised its stake in Veralto by 1.0% in the second quarter. Nolet Wealth Management LLC now owns 15,277 shares of the company’s stock valued at $1,355,000 after buying an additional 146 shares in the last quarter. Syon Capital LLC lifted its holdings in Veralto by 4.4% during the 2nd quarter. Syon Capital LLC now owns 4,617 shares of the company’s stock worth $409,000 after buying an additional 194 shares during the last quarter. S&CO Inc. lifted its holdings in Veralto by 9.0% during the 1st quarter. S&CO Inc. now owns 2,433 shares of the company’s stock worth $215,000 after buying an additional 200 shares during the last quarter. Finally, Strs Ohio boosted its position in shares of Veralto by 0.9% during the 1st quarter. Strs Ohio now owns 24,326 shares of the company’s stock worth $2,151,000 after acquiring an additional 215 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

About Veralto

Veralto Corporation (NYSE: VLTO) is a global provider of products, services and technology focused on water analytics and product quality and innovation. The company was formed in 2023 through the separation of certain operating companies from Danaher Corporation and is headquartered in Waltham, Massachusetts.

Veralto’s Water Analytics segment provides equipment, software and services used to monitor, analyze and manage water and wastewater. Its brands include Hach, Trojan Technologies, ChemTreat and OTT HydroMet, which serve municipal, industrial and environmental applications such as water quality testing, disinfection, treatment and hydrology.

The company’s Product Quality and Innovation segment helps manufacturers and consumer-goods companies manage production quality, packaging, coding, marking and product identification.