Veralto (VLTO) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $101.30 to $104.54
• 50-Day Range: $101.23 to $113.60
• 52-Week Range: $73.91 to $115.00
• Volume: 4.76 million shs
• Average Volume: 1.53 million shs
• Market Capitalization: $25.78 billion
• P/E Ratio: 32.18
• Dividend Yield: 0.35%
• Price Target: $109.50
• Consensus Rating: Moderate Buy

Veralto Stock Analysis - MarketRank™

Veralto scored higher than 45% of companies evaluated by MarketBeat, and ranked 196th out of 333 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Veralto has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Veralto has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 6.61%

Earnings Growth

Earnings for Veralto are expected to grow by 6.61% in the coming year, from $3.48 to $3.71 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Veralto is 32.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.43.

Price to Earnings Ratio vs. Sector

The P/E ratio of Veralto is 32.18, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 28.29.

Price to Earnings Growth Ratio

Veralto has a PEG Ratio of 4.30. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Veralto has a P/B Ratio of 18.48. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.54% of the float of Veralto has been sold short.

Short Interest Ratio / Days to Cover

Veralto has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Veralto has recently decreased by 0.54%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Veralto has a dividend yield of 0.36%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Veralto does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Veralto is 11.11%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Veralto will have a dividend payout ratio of 9.70% next year. This indicates that Veralto will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.54% of the float of Veralto has been sold short.

Short Interest Ratio / Days to Cover

Veralto has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Veralto has recently decreased by 0.54%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.80

News Sentiment

Veralto has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Veralto this week, compared to 8 articles on an average week.

Search Interest

Only 7 people have searched for VLTO on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

MarketBeat Follows

10 people have added Veralto to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Veralto insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,615,017.00 in company stock.

Percentage Held by Insiders

Only 0.31% of the stock of Veralto is held by insiders.

Percentage Held by Institutions

91.28% of the stock of Veralto is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

VLTO Stock Analysis - Frequently Asked Questions

How have VLTO shares performed this year?

Veralto's stock was trading at $82.26 at the beginning of the year. Since then, VLTO shares have increased by 26.7% and is now trading at $104.25.
View the best growth stocks for 2024 here.

How were Veralto's earnings last quarter?

Veralto Co. (NYSE:VLTO) issued its quarterly earnings data on Wednesday, October, 23rd. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.85 by $0.04. The business's quarterly revenue was up 4.7% on a year-over-year basis.

Who are Veralto's major shareholders?

Top institutional shareholders of Veralto include State Street Corp (3.88%), Geode Capital Management LLC (2.37%), Impax Asset Management Group plc (1.64%) and FMR LLC (1.35%). Insiders that own company stock include Jennifer Honeycutt, Mattias Bystrom, Melissa Aquino and Surekha Trivedi.
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.

What other stocks do shareholders of Veralto own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Veralto investors own include NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), Home Depot (HD), Alphabet (GOOG), Chevron (CVX), Coca-Cola (KO) and Intel (INTC).

Company Calendar

• Ex-Dividend for 10/31 Dividend: 9/27/2024
• Last Earnings: 10/23/2024
• Dividend Payable: 10/31/2024
• Today: 12/21/2024
• Ex-Dividend for 1/31 Dividend: 12/31/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Instruments to measure electricity
• Sub-Industry: Measuring And Control Equipment
• Current Symbol: NYSE:VLTO
• CUSIP: N/A
• CIK: 1967680
• Web: www.veralto.com
• Phone: 781-755-3655
• Fax: N/A
• Employees: 16,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $109.50
• High Stock Price Target: $125.00
• Low Stock Price Target: $90.00
• Potential Upside/Downside: +5.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.24
• Trailing P/E Ratio: 32.18
• Forward P/E Ratio: 29.96
• P/E Growth: 4.3
• Net Income: $839 million
• Net Margins: 15.69%
• Pretax Margin: 20.77%
• Return on Equity: 52.85%
• Return on Assets: 14.60%

Debt

• Debt-to-Equity Ratio: 1.35
• Current Ratio: 2.13
• Quick Ratio: 1.87

Sales & Book Value

• Annual Sales: $5.14 billion
• Price / Sales: 5.02
• Cash Flow: $3.55 per share
• Price / Cash Flow: 29.37
• Book Value: $5.64 per share
• Price / Book: 18.48

Miscellaneous

• Outstanding Shares: 247,308,000
• Free Float: 246,541,000
• Market Cap: $25.78 billion
• Optionable: Optionable
• Beta: 0.91