How Is Veralto's Stock Performance Compared to Other Environmental Services Stocks?
/Veralto%20Corp%20logo%20and%20site-by%20T_Schneider%20via%20Shutterstock.jpg)
Valued at a market cap of $26.4 billion, Veralto Corporation (VLTO) provides essential technology solutions that support water quality, product identification, and environmental monitoring. The Waltham, Massachusetts-based company’s solutions help ensure safe water, accurate product labeling, sustainable packaging, and reliable quality control.
Companies valued at $10 billion or more are typically classified as “large-cap stocks,” and Veralto fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the pollution & treatment controls industry. By combining scientific expertise, innovation, and a strong commitment to sustainability, the company helps customers meet rising regulatory standards and achieve long-term operational resilience.
This water treatment company is currently trading 7.4% below its 52-week high of $115, reached on Oct. 24, 2024. Shares of VLTO have surged 9% over the past three months, outperforming the VanEck Environmental Services ETF’s (EVX) 1.6% return during the same time frame.
However, in the longer term, VLTO has fallen 3.1% over the past 52 weeks, underperforming EVX's 7.2% uptick over the same time period. Moreover, on a YTD basis, shares of Veralto are up 4.6%, compared to EVX’s 12.6% surge.
To confirm its bullish trend, VLTO has been trading above its 200-day moving average since late June, and has remained above its 50-day moving average since late April.
On Jul. 28, Veralto delivered better-than-expected Q2 results, and its shares surged 1.9% in the following trading session. The company’s total sales improved 6.4% year-over-year to $1.4 billion, with core sales rising by 4.8%. The top-line figure surpassed the consensus estimates by 2.2%. Furthermore, its adjusted EPS of $0.93 advanced by an even more impressive 9.4% from the year-ago quarter, topping analyst estimates of $0.89.
VLTO has significantly underperformed its rival, CECO Environmental Corp. (CECO), which surged 77.5% over the past 52 weeks and 67.7% on a YTD basis.
Given Veralto’s recent outperformance, analysts remain moderately optimistic about its prospects. The stock has a consensus rating of "Moderate Buy” from the 17 analysts covering it, and the mean price target of $116.40 suggests a 9.3% premium to its current price levels.
On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.