Veralto Co. (NYSE:VLTO) Receives $113.50 Consensus Target Price from Analysts

Shares of Veralto Co. (NYSE:VLTO) have been given an average recommendation of “Hold” by the ten brokerages that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $113.50.

A number of equities research analysts recently issued reports on VLTO shares. Citigroup dropped their price target on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada decreased their price objective on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Stifel Nicolaus decreased their price objective on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Jefferies Financial Group began coverage on Veralto in a report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price objective on the stock.

Insider Activity

In related news, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total transaction of $46,114.80. Following the completion of the sale, the senior vice president now owns 20,761 shares in the company, valued at approximately $2,067,795.60. This trade represents a 2.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Surekha Trivedi sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $59,206.50. Following the completion of the sale, the senior vice president now directly owns 8,470 shares in the company, valued at approximately $849,964.50. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,467 shares of company stock valued at $1,150,366. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Veralto

Several hedge funds have recently modified their holdings of VLTO. Wealth Enhancement Advisory Services LLC increased its holdings in Veralto by 2.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 72,261 shares of the company’s stock worth $7,360,000 after purchasing an additional 2,064 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Veralto in the 4th quarter valued at approximately $8,064,000. Siemens Fonds Invest GmbH increased its holdings in shares of Veralto by 68.0% in the 4th quarter. Siemens Fonds Invest GmbH now owns 9,834 shares of the company’s stock valued at $1,002,000 after acquiring an additional 3,979 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Veralto in the 4th quarter valued at approximately $24,834,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Veralto in the 4th quarter valued at approximately $30,000. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Price Performance

Shares of NYSE VLTO opened at $97.56 on Wednesday. The stock has a market capitalization of $24.15 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 4.24 and a beta of 1.11. Veralto has a 12 month low of $85.91 and a 12 month high of $115.00. The firm’s 50 day simple moving average is $99.98 and its 200-day simple moving average is $104.44. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. Analysts expect that Veralto will post 3.66 EPS for the current year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, March 31st. Veralto’s payout ratio is currently 13.17%.

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.