Veralto (NYSE:VLTO) Sets New 1-Year Low – What’s Next?
by Doug Wharley · The Cerbat GemShares of Veralto Corporation (NYSE:VLTO – Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $84.80 and last traded at $84.7630, with a volume of 1281144 shares traded. The stock had previously closed at $85.27.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on VLTO shares. BMO Capital Markets restated an “outperform” rating on shares of Veralto in a research report on Wednesday, February 11th. Stifel Nicolaus dropped their price objective on Veralto from $118.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Royal Bank Of Canada upped their price objective on Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Jefferies Financial Group began coverage on Veralto in a research report on Tuesday, March 31st. They issued a “buy” rating and a $110.00 target price for the company. Finally, Barclays dropped their target price on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $105.88.
Check Out Our Latest Analysis on Veralto
Veralto Stock Down 0.6%
The company has a debt-to-equity ratio of 0.65, a current ratio of 1.48 and a quick ratio of 1.32. The stock has a market capitalization of $20.82 billion, a P/E ratio of 21.90, a P/E/G ratio of 2.42 and a beta of 0.77. The firm has a 50-day simple moving average of $89.22 and a 200 day simple moving average of $95.49.
Veralto (NYSE:VLTO – Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a return on equity of 34.63% and a net margin of 17.33%.The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. On average, equities research analysts forecast that Veralto Corporation will post 4.23 EPS for the current year.
Veralto Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th will be given a $0.13 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.52 annualized dividend and a yield of 0.6%. Veralto’s dividend payout ratio (DPR) is currently 13.44%.
Hedge Funds Weigh In On Veralto
A number of hedge funds have recently made changes to their positions in VLTO. Brighton Jones LLC raised its position in shares of Veralto by 16.1% during the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock worth $352,000 after acquiring an additional 479 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Veralto by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,947 shares of the company’s stock worth $2,529,000 after acquiring an additional 1,306 shares during the last quarter. Empowered Funds LLC raised its position in shares of Veralto by 20.4% during the first quarter. Empowered Funds LLC now owns 4,551 shares of the company’s stock worth $443,000 after acquiring an additional 770 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Veralto by 102.4% during the first quarter. Geneos Wealth Management Inc. now owns 832 shares of the company’s stock worth $81,000 after acquiring an additional 421 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new position in shares of Veralto during the second quarter worth about $201,000. 91.28% of the stock is currently owned by institutional investors.
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. This segment provides water solutions, including chemical reagents, services, and digital solutions.