Royal Bank Of Canada Increases Veralto (NYSE:VLTO) Price Target to $100.00

Veralto (NYSE:VLTO) had its price objective raised by investment analysts at Royal Bank Of Canada from $99.00 to $100.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 12.80% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Barclays cut their price target on Veralto from $117.00 to $113.00 and set an “overweight” rating for the company in a report on Thursday. Weiss Ratings downgraded shares of Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, December 31st. Jefferies Financial Group assumed coverage on Veralto in a research note on Tuesday, March 31st. They set a “buy” rating and a $110.00 target price for the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Veralto in a research note on Wednesday, February 11th. Finally, UBS Group dropped their target price on shares of Veralto from $102.00 to $99.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Veralto currently has an average rating of “Moderate Buy” and an average target price of $106.33.

Veralto Price Performance

Shares of NYSE VLTO traded down $0.82 during mid-day trading on Thursday, reaching $88.65. The company’s stock had a trading volume of 849,381 shares, compared to its average volume of 1,954,503. The stock has a 50-day moving average of $90.67 and a two-hundred day moving average of $96.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.52 and a current ratio of 1.67. The stock has a market capitalization of $21.77 billion, a P/E ratio of 23.64, a P/E/G ratio of 2.47 and a beta of 0.98. Veralto has a 1-year low of $84.99 and a 1-year high of $110.11.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.05. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Veralto had a net margin of 17.08% and a return on equity of 35.77%. Veralto’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 EPS. 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 anticipate that Veralto will post 4.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in shares of Veralto by 16.1% in the 4th quarter. Brighton Jones LLC now owns 3,459 shares of the company’s stock valued at $352,000 after buying an additional 479 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Veralto by 5.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,947 shares of the company’s stock valued at $2,529,000 after acquiring an additional 1,306 shares in the last quarter. Empowered Funds LLC lifted its stake in Veralto by 20.4% in 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. lifted its stake in Veralto by 102.4% in 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 acquired a new position in Veralto during the 2nd quarter worth approximately $201,000. 91.28% of the stock is owned by institutional investors and hedge funds.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.