Raymond James has initiated coverage on Veralto Corp (VLTO) with a Market Perform rating, marking the firm's first assessment of the company's investment potential. This new rating comes as Veralto, which operates in the commercial services and supplies sector, continues to establish its presence following its IPO on September 27, 2023.
Based in Waltham, Massachusetts, Veralto Corp provides environmental and applied solutions through its two main segments: Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers water analytics and treatment solutions, while PQI supplies essential solutions for brand owners and consumer packaged goods companies. As of November 20, 2025, the company boasts a market capitalization of $24.5 billion, a P/E ratio of 26.79, and an impressive dividend yield of 44.0%.
Upcoming earnings reports are anticipated on July 27, 2026, and April 27, 2026, with estimated EPS of $1.06 and $1.04, respectively. Recent earnings performance has shown positive surprises, with Q3 2025 reporting an EPS of $0.99 versus an estimate of $0.97.
The announcement highlights the importance of analyst ratings and price targets, which reflect professional opinions based on extensive research and financial modeling. However, such assessments are subject to change as new information emerges, and investors are encouraged to consider a range of factors, including company fundamentals and industry trends, when making investment decisions.