Veralto (NYSE:VLTO) Price Target Raised to $107.00

by · The Markets Daily

Veralto (NYSE:VLTO – Free Report) had its price target boosted by Citigroup from $102.00 to $107.00 in a research report released on Thursday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird set a $111.00 price target on shares of Veralto in a research note on Thursday. Royal Bank Of Canada raised their price objective on shares of Veralto from $100.00 to $109.00 and gave the company a “sector perform” rating in a research note on Thursday. UBS Group lifted their target price on shares of Veralto from $98.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday. Barclays upped their target price on shares of Veralto from $113.00 to $117.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Wolfe Research reiterated an “outperform” rating and set a $109.00 price target on shares of Veralto in a report on Thursday, July 9th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $110.90.

View Our Latest Stock Report on VLTO

Veralto Stock Down 0.4%

Shares of NYSE:VLTO opened at $94.34 on Thursday. The company has a current ratio of 1.78, a quick ratio of 1.32 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $88.62 and a two-hundred day simple moving average of $90.90. Veralto has a 12-month low of $80.03 and a 12-month high of $110.11. The stock has a market capitalization of $23.00 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 2.55 and a beta of 0.63.

Veralto (NYSE:VLTO – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. Veralto had a return on equity of 34.76% and a net margin of 17.35%.The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. 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. On average, research analysts anticipate that Veralto will post 4.41 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were given a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.52 dividend on an annualized basis and a yield of 0.6%. Veralto’s payout ratio is 13.13%.

Insider Transactions at Veralto

In other Veralto news, CEO Jennifer Honeycutt sold 7,097 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $101.52, for a total transaction of $720,487.44. Following the transaction, the chief executive officer owned 124,085 shares in the company, valued at approximately $12,597,109.20. This represents a 5.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VLTO. Laurel Wealth Advisors LLC bought a new stake in Veralto in the 4th quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Veralto by 82.2% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock valued at $29,000 after acquiring an additional 129 shares during the period. Creative Capital Management Investments LLC boosted its holdings in shares of Veralto by 45.9% in the fourth quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock worth $34,000 after buying an additional 107 shares during the last quarter. DV Equities LLC purchased a new position in shares of Veralto during the 4th quarter worth $35,000. Finally, Elyxium Wealth LLC bought a new stake in Veralto during the fourth quarter valued at about $37,000. 91.28% of the stock is owned by hedge funds and other institutional investors.

Veralto Company Profile

(Get Free Report)

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.

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