NYSE:VLTO

Veralto (VLTO) Stock Price, News & Analysis

$93.84
-0.54 (-0.57%)
(As of 05/2/2024 ET)
Today's Range
$93.11
$95.00
50-Day Range
$86.31
$94.91
52-Week Range
$65.51
$95.56
Volume
1.27 million shs
Average Volume
1.61 million shs
Market Capitalization
$23.16 billion
P/E Ratio
26.14
Dividend Yield
0.38%
Price Target
$95.18

Veralto MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
1.4% Upside
$95.18 Price Target
Short Interest
Healthy
0.72% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.84mentions of Veralto in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$795,366 Sold Last Quarter
Proj. Earnings Growth
6.29%
From $3.34 to $3.55 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.85 out of 5 stars

Business Services Sector

123rd out of 314 stocks

Instruments To Measure Electricity Industry

6th out of 9 stocks

VLTO stock logo

About Veralto Stock (NYSE:VLTO)

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. The PQI segment offers inline printing solutions for products and packaging with marking and coding systems; marking and coding for packaged goods and related consumables; design software and imaging systems for the creation of new packaging designs; color management solutions for printed packages and consumer and industrial products; color standard services for the design industry; and a software solution that provides digital asset management, marketing resource management, and product information management. This segment sells its products and services through the Videojet, Linx, Esko, X-Rite, and Pantone brands to regulated industries, including municipal utilities, food and beverage, pharmaceutical, and industrials. The company was formerly known as DH EAS Holding Corp. and changed its name to Veralto Corporation in February 2023. Veralto Corporation was incorporated in 2022 and is headquartered in Waltham, Massachusetts.

VLTO Stock Price History

VLTO Stock News Headlines

Veralto Co. (NYSE:VLTO) SVP Sells $752,315.96 in Stock
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Could Steve Job's 'Final Prophecy' Make You Rich? Just before he died, Steve Jobs issued a "Final Prophecy" that's now coming true... and making some people rich. In one recent 90-day stretch, 50 companies related to Jobs' "Final Prophecy" soared by 100% or more. What was Steve Jobs' last big prediction, and how can you get in on it? Professor Joel Litman explains everything... including the surprising group of stocks moving higher, and his No. 1 favorite stock in this space.
Urgent Nvidia Warning
Could Steve Job's 'Final Prophecy' Make You Rich? Just before he died, Steve Jobs issued a "Final Prophecy" that's now coming true... and making some people rich. In one recent 90-day stretch, 50 companies related to Jobs' "Final Prophecy" soared by 100% or more. What was Steve Jobs' last big prediction, and how can you get in on it? Professor Joel Litman explains everything... including the surprising group of stocks moving higher, and his No. 1 favorite stock in this space.
Goldman Sachs Keeps Their Buy Rating on Veralto Corporation (VLTO)
Veralto (NYSE:VLTO) Sets New 52-Week High After Strong Earnings
Decoding Veralto Corp (VLTO): A Strategic SWOT Insight
Veralto: Q1 Earnings Snapshot
Veralto Reports First Quarter 2024 Results
Forecasting The Future: 7 Analyst Projections For Veralto
Veralto declares $0.09 dividend
Veralto Announces Quarterly Dividend
See More Headlines
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Company Calendar

Ex-Dividend for 4/30 Dividend
3/27/2024
Last Earnings
4/23/2024
Dividend Payable
4/30/2024
Today
5/02/2024
Next Earnings (Estimated)
7/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Instruments to measure electricity
Sub-Industry
N/A
Fax
N/A
Employees
16,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$95.18
High Stock Price Target
$108.00
Low Stock Price Target
$79.00
Potential Upside/Downside
+0.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$839 million
Pretax Margin
27.82%

Debt

Sales & Book Value

Annual Sales
$5.02 billion
Cash Flow
$3.59 per share
Book Value
$6.03 per share

Miscellaneous

Free Float
246,082,000
Market Cap
$23.37 billion
Optionable
Optionable
Beta
N/A
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Key Executives

  • Ms. Jennifer L. Honeycutt (Age 54)
    President, CEO & Director
    Comp: $2.91M
  • Mr. Sameer Ralhan (Age 50)
    Senior VP & CFO
    Comp: $2.67M
  • Ms. Sylvia Ann Stein J.D. (Age 57)
    Senior VP & Chief Legal Officer
    Comp: $1.54M
  • Mr. Mattias Byström (Age 50)
    Senior Vice President of Product Quality & Innovation
    Comp: $1.52M
  • Ms. Melissa AquinoMs. Melissa Aquino (Age 52)
    Senior Vice President of Water Quality
    Comp: $2.1M
  • Mr. Bernard M. Skeete (Age 50)
    VP & Chief Accounting Officer
  • Mr. Paxton McVoy
    Senior VP & Chief Information Officer
  • Mr. Vaneet Malhotra
    Senior Vice President of Corporate Development
  • Ms. Lesley Beneteau (Age 51)
    Senior Vice President of Human Resources
  • Ms. Surekha Trivedi (Age 48)
    Senior Vice President of Strategy & Sustainability

Should I Buy Veralto Stock? VLTO Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Veralto Co.:

  • Veralto Co. has shown consistent growth in its stock price, trading at $87.25 recently, with a 52-week high of $90.69.
  • The company has received positive analyst ratings, with a consensus rating of "Moderate Buy" and an average target price of $91.36.
  • Institutional investors like Regency Capital Management Inc. DE have been increasing their positions in Veralto, indicating confidence in the company's future performance.
  • Recent analyst upgrades, such as Royal Bank of Canada lifting their target price on Veralto, suggest a positive outlook for the company.
  • Veralto Co. has a strong current ratio of 1.64 and a quick ratio of 1.40, indicating good liquidity and ability to meet short-term obligations.

Cons

Investors should be bearish about investing in Veralto Co. for these reasons:

  • Despite positive analyst ratings, there are still some hold ratings on the stock, indicating some uncertainty in the market.
  • The stock price has fluctuated recently, which may introduce volatility and risk for investors.
  • While institutional investors have increased their positions, high ownership concentration by institutions can sometimes lead to market inefficiencies.
  • Market conditions can change rapidly, impacting the stock price of Veralto Co., making it important for investors to stay informed and monitor the market closely.
  • Debt-to-equity ratio of 1.89 may indicate higher financial leverage, which could pose risks during economic downturns or challenging market conditions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Veralto pros and cons to contact@marketbeat.com.

VLTO Stock Analysis - Frequently Asked Questions

Should I buy or sell Veralto stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Veralto in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" VLTO shares.
View VLTO analyst ratings
or view top-rated stocks.

What is Veralto's stock price target for 2024?

12 analysts have issued 12 month price targets for Veralto's shares. Their VLTO share price targets range from $79.00 to $108.00. On average, they anticipate the company's share price to reach $95.18 in the next year. This suggests a possible upside of 1.4% from the stock's current price.
View analysts price targets for VLTO
or view top-rated stocks among Wall Street analysts.

How have VLTO shares performed in 2024?

Veralto's stock was trading at $82.26 at the beginning of 2024. Since then, VLTO shares have increased by 14.1% and is now trading at $93.84.
View the best growth stocks for 2024 here
.

Are investors shorting Veralto?

Veralto saw a increase in short interest in April. As of April 15th, there was short interest totaling 1,710,000 shares, an increase of 24.8% from the March 31st total of 1,370,000 shares. Based on an average daily volume of 1,670,000 shares, the short-interest ratio is presently 1.0 days. Approximately 0.7% of the shares of the stock are sold short.
View Veralto's Short Interest
.

When is Veralto's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our VLTO earnings forecast
.

How were Veralto's earnings last quarter?

Veralto Co. (NYSE:VLTO) posted its quarterly earnings data on Tuesday, April, 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The firm earned $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. The business's quarterly revenue was up 1.7% on a year-over-year basis.

How often does Veralto pay dividends? What is the dividend yield for Veralto?

Veralto declared a quarterly dividend on Friday, March 8th. Investors of record on Thursday, March 28th will be paid a dividend of $0.09 per share on Tuesday, April 30th. This represents a $0.36 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for VLTO
.

Is Veralto a good dividend stock?

Veralto (NYSE:VLTO) pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.38%. The dividend payout ratio is 10.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VLTO will have a dividend payout ratio of 10.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VLTO.

What guidance has Veralto issued on next quarter's earnings?

Veralto updated its second quarter 2024 earnings guidance on Tuesday, April, 23rd. The company provided EPS guidance of 0.750-0.800 for the period, compared to the consensus EPS estimate of 0.800. The company issued revenue guidance of -.

Who are Veralto's major shareholders?

Veralto's stock is owned by a variety of retail and institutional investors. Top institutional investors include Bank of New York Mellon Corp (1.61%), Robeco Schweiz AG (0.65%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.22%), Nordea Investment Management AB (0.21%) and Raymond James & Associates (0.17%). Insiders that own company stock include Mattias Bystrom and Melissa Aquino.
View institutional ownership trends
.

How do I buy shares of Veralto?

Shares of VLTO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:VLTO) was last updated on 5/3/2024 by MarketBeat.com Staff

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