Veralto (NYSE:VLTO) Earns Market Perform Rating from Analysts at Raymond James Financial

Raymond James Financial began coverage on shares of Veralto (NYSE:VLTO) in a report published on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a market perform rating on the stock.

VLTO has been the topic of a number of other reports. Robert W. Baird lifted their price target on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Northcoast Research initiated coverage on Veralto in a report on Tuesday, May 6th. They issued a “buy” rating and a $110.00 target price for the company. Wolfe Research upgraded Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Stifel Nicolaus set a $120.00 target price on Veralto and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada upped their target price on Veralto from $104.00 to $108.00 and gave the company a “sector perform” rating in a report on Wednesday, July 30th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $113.43.

Veralto Stock Performance

Shares of NYSE:VLTO opened at $106.49 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. The business’s 50 day moving average price is $104.34 and its 200-day moving average price is $99.37. The firm has a market capitalization of $26.43 billion, a PE ratio of 29.75, a P/E/G ratio of 3.54 and a beta of 0.91. Veralto has a 1 year low of $83.86 and a 1 year high of $115.00.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. Veralto had a return on equity of 41.45% and a net margin of 16.65%.The business’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $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 research analysts expect that Veralto will post 3.66 earnings per share for the current fiscal year.

Insider Activity at Veralto

In other news, SVP Surekha Trivedi sold 848 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $100.55, for a total value of $85,266.40. Following the transaction, the senior vice president owned 8,433 shares of the company’s stock, valued at $847,938.15. This represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Veralto

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Veralto by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 30,206,111 shares of the company’s stock valued at $3,049,307,000 after purchasing an additional 468,641 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Veralto by 8.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock valued at $1,027,264,000 after purchasing an additional 811,843 shares during the last quarter. State Street Corp lifted its stake in shares of Veralto by 1.9% in the 2nd quarter. State Street Corp now owns 10,257,956 shares of the company’s stock valued at $1,036,653,000 after purchasing an additional 192,139 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Veralto by 28.0% in the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock valued at $607,656,000 after purchasing an additional 1,363,502 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Veralto by 6.9% in the 1st quarter. Invesco Ltd. now owns 4,856,071 shares of the company’s stock valued at $473,224,000 after purchasing an additional 314,704 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

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.