Veralto Corp (NYSE: VLTO) has seen a rise in its stock price by 0.37 in relation to its previous close of 103.49. However, the company has experienced a 2.61% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-12-19 that WALTHAM, Mass., Dec. 19, 2024 /PRNewswire/ — Veralto (NYSE: VLTO), a global leader in essential water and product quality solutions dedicated to Safeguarding the World’s Most Vital Resources™, announced today that its board of directors has approved a 22% increase to its quarterly cash dividend, and accordingly approved a quarterly cash dividend of $0.11 per share of its common stock, payable on January 31, 2025 to holders of record as of the close of business on December 31, 2024.
Is It Worth Investing in Veralto Corp (NYSE: VLTO) Right Now?
Veralto Corp (NYSE: VLTO) has a price-to-earnings ratio that is above its average at 32.04x. The stock has a 36-month beta value of 1.50. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 3 as “overweight,” 8 as “hold,” and 0 as “sell.”
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The public float for VLTO is 237.15M, and at present, short sellers hold a 1.39% of that float. On December 27, 2024, the average trading volume of VLTO was 1.39M shares.
VLTO’s Market Performance
VLTO’s stock has seen a 2.61% increase for the week, with a -4.25% drop in the past month and a -6.66% fall in the past quarter. The volatility ratio for the week is 1.98%, and the volatility levels for the past 30 days are at 1.78% for Veralto Corp The simple moving average for the past 20 days is -1.20% for VLTO’s stock, with a 2.02% simple moving average for the past 200 days.
Analysts’ Opinion of VLTO
Many brokerage firms have already submitted their reports for VLTO stocks, with Jefferies repeating the rating for VLTO by listing it as a “Buy.” The predicted price for VLTO in the upcoming period, according to Jefferies is $125 based on the research report published on December 12, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see VLTO reach a price target of $118. The rating they have provided for VLTO stocks is “Neutral” according to the report published on August 13th, 2024.
TD Cowen gave a rating of “Hold” to VLTO, setting the target price at $95 in the report published on June 17th of the current year.
VLTO Trading at -1.65% from the 50-Day Moving Average
After a stumble in the market that brought VLTO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.68% of loss for the given period.
Volatility was left at 1.78%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares sank -3.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.98% lower at present.
During the last 5 trading sessions, VLTO rose by +2.61%, which changed the moving average for the period of 200-days by +17.46% in comparison to the 20-day moving average, which settled at $105.13. In addition, Veralto Corp saw 26.27% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VLTO starting from Skeete Bernard M, who sale 200 shares at the price of $108.78 back on Nov 26 ’24. After this action, Skeete Bernard M now owns 3,483 shares of Veralto Corp, valued at $21,756 using the latest closing price.
Trivedi Surekha, the SVP, Strategy & Sustainability of Veralto Corp, sale 752 shares at $102.91 during a trade that took place back on Nov 01 ’24, which means that Trivedi Surekha is holding 10,413 shares at $77,388 based on the most recent closing price.
Stock Fundamentals for VLTO
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.59 for the gross margin
The net margin for Veralto Corp stands at 0.16. The total capital return value is set at 0.24. Equity return is now at value 53.88, with 14.11 for asset returns.
Based on Veralto Corp (VLTO), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.32. The debt to equity ratio resting at 1.35. The interest coverage ratio of the stock is 10.78.
Currently, EBITDA for the company is 1.21 billion with net debt to EBITDA at 1.09. When we switch over and look at the enterprise to sales, we see a ratio of 5.27. The receivables turnover for the company is 6.12for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.13.
Conclusion
To sum up, Veralto Corp (VLTO) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
