BMO Capital Markets Issues Pessimistic Forecast for Veralto (NYSE:VLTO) Stock Price

Veralto (NYSE:VLTO) had its price objective reduced by research analysts at BMO Capital Markets from $123.00 to $114.00 in a research report issued on Tuesday, Marketbeat Ratings reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 12.54% from the stock’s current price.

Several other research firms also recently weighed in on VLTO. UBS Group boosted their target price on Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Wolfe Research upgraded Veralto from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Raymond James Financial assumed coverage on shares of Veralto in a research report on Tuesday, August 26th. They set a “market perform” rating on the stock. Barclays lifted their target price on shares of Veralto from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Royal Bank Of Canada increased their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.11.

Veralto Trading Down 2.6%

Shares of Veralto stock opened at $101.30 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of $102.17 and a 200-day simple moving average of $102.89. The stock has a market cap of $25.15 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 3.25 and a beta of 0.89. Veralto has a 12-month low of $83.86 and a 12-month high of $110.11.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the company earned $0.89 earnings per share. Veralto’s quarterly revenue was up 6.8% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS. Q4 2025 guidance at 0.950-0.980 EPS. On average, equities analysts forecast that Veralto will post 3.66 EPS for the current fiscal year.

Insider Buying and Selling

In other Veralto news, CEO Jennifer Honeycutt sold 10,646 shares of Veralto stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the sale, the chief executive officer owned 106,219 shares of the company’s stock, valued at approximately $11,286,830.94. The trade was a 9.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of VLTO. CIBC Bancorp USA Inc. purchased a new stake in shares of Veralto during the 3rd quarter worth $3,649,000. Oarsman Capital Inc. acquired a new stake in shares of Veralto in the third quarter valued at about $200,000. Caerus Investment Advisors LLC purchased a new stake in Veralto during the third quarter worth about $435,000. Captrust Financial Advisors boosted its holdings in Veralto by 18.6% during the third quarter. Captrust Financial Advisors now owns 47,039 shares of the company’s stock worth $5,015,000 after buying an additional 7,386 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its position in Veralto by 7.6% during the third quarter. Coldstream Capital Management Inc. now owns 6,357 shares of the company’s stock worth $678,000 after buying an additional 447 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.

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.