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

Veralto (NYSE:VLTO) posted its quarterly earnings results on Tuesday. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04, Zacks reports. Veralto had a return on equity of 40.80% and a net margin of 16.75%.The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm earned $0.89 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Veralto updated its FY 2025 guidance to 3.820-3.850 EPS and its Q4 2025 guidance to 0.950-0.980 EPS.

Veralto Stock Down 3.1%

Shares of VLTO opened at $99.38 on Thursday. The stock has a market capitalization of $24.66 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 3.38 and a beta of 0.90. 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 simple moving average is $105.33 and its 200-day simple moving average is $102.00. Veralto has a 1 year low of $83.86 and a 1 year high of $110.11.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 30th. Veralto’s dividend payout ratio is 12.29%.

Analysts Set New Price Targets

A number of research analysts recently commented on VLTO shares. Royal Bank Of Canada boosted their price target on Veralto from $104.00 to $108.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Robert W. Baird upped their price objective on Veralto from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Wolfe Research raised Veralto from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Finally, Stifel Nicolaus set a $120.00 price objective on Veralto and gave the stock a “buy” rating in a report on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.43.

Insiders Place Their Bets

In related news, CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $106.26, for a total transaction of $1,131,243.96. Following the sale, the chief executive officer owned 106,219 shares in the company, valued at approximately $11,286,830.94. This represents a 9.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

Institutional Trading of Veralto

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new stake in Veralto during the 2nd quarter valued at $44,000. WFA of San Diego LLC purchased a new stake in Veralto during the 2nd quarter valued at $76,000. Geneos Wealth Management Inc. raised its holdings in Veralto by 102.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 832 shares of the company’s stock valued at $81,000 after buying an additional 421 shares during the period. Sivia Capital Partners LLC purchased a new stake in Veralto during the 2nd quarter valued at $201,000. Finally, Howland Capital Management LLC purchased a new stake in Veralto during the 2nd quarter valued at $202,000. Hedge funds and other institutional investors 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.