Veralto’s (VLTO) Outperform Rating Reiterated at Wolfe Research

by · The Cerbat Gem

Veralto (NYSE:VLTO – Get Free Report)‘s stock had its “outperform” rating reissued by research analysts at Wolfe Research in a note issued to investors on Tuesday, Benzinga reports. They currently have a $125.00 price objective on the stock. Wolfe Research’s price target suggests a potential upside of 29.84% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Veralto in a report on Wednesday, June 24th. 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 research note on Thursday, July 30th. Barclays upped their price target on shares of Veralto from $113.00 to $117.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Citigroup boosted their target price on shares of Veralto from $102.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, Robert W. Baird set a $111.00 price target on Veralto in a report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.50.

View Our Latest Report on VLTO

Veralto Trading Up 2.3%

NYSE:VLTO opened at $96.27 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.61 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $23.47 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 2.67 and a beta of 0.60. The firm’s 50 day moving average is $95.73 and its 200 day moving average is $90.89. Veralto has a 12 month low of $80.03 and a 12 month high of $109.53.

Veralto (NYSE:VLTO – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.11 earnings per share 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 during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the company earned $0.93 earnings per share. Veralto’s revenue was up 7.5% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. Sell-side analysts expect that Veralto will post 4.41 earnings per share for the current year.

Insider Buying and Selling at Veralto

In related news, SVP Surekha Trivedi sold 986 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $97.05, for a total transaction of $95,691.30. Following the completion of the transaction, the senior vice president directly owned 8,565 shares in the company, valued at $831,233.25. The trade was a 10.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jennifer Honeycutt sold 7,097 shares of the company’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 completion of the transaction, the chief executive officer owned 124,085 shares in the company, valued at $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 have sold 15,180 shares of company stock valued at $1,490,394 in the last three months. 0.43% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of VLTO. California State Teachers Retirement System lifted its position in Veralto by 8,155.1% during the second quarter. California State Teachers Retirement System now owns 33,644,305 shares of the company’s stock valued at $2,983,577,000 after purchasing an additional 33,236,748 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Veralto in the 2nd quarter worth $235,200,000. Norges Bank purchased a new stake in shares of Veralto during the 4th quarter valued at $261,340,000. First Trust Advisors LP raised its position in shares of Veralto by 31.5% during the 1st quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock valued at $543,817,000 after buying an additional 1,472,304 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Veralto by 115.2% during the 1st quarter. SG Americas Securities LLC now owns 1,681,786 shares of the company’s stock valued at $148,704,000 after buying an additional 900,135 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Company Profile

(Get Free Report)

Veralto Corporation (NYSE: VLTO) is a global provider of technology, equipment, software and services focused on water quality and product quality. The company serves municipal, industrial, commercial and consumer markets, helping customers monitor and manage water systems while improving the production, packaging and identification of products.

Veralto operates through two primary segments. Its Water Quality businesses provide water analytics, testing and monitoring systems, treatment technologies, flow measurement equipment and related software and services.

Featured Stories