Veralto Co. (NYSE:VLTO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Veralto Co. (NYSE:VLTOGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $96.00.

A number of research firms have recently weighed in on VLTO. Stifel Nicolaus upped their price target on shares of Veralto from $92.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. The Goldman Sachs Group began coverage on shares of Veralto in a research note on Friday, March 22nd. They set a “buy” rating and a $104.00 price target on the stock. BNP Paribas initiated coverage on shares of Veralto in a research note on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price target on the stock. Citigroup increased their price objective on shares of Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, BMO Capital Markets increased their price objective on shares of Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th.

Get Our Latest Report on Veralto

Insider Buying and Selling at Veralto

In other news, SVP Mattias Bystrom sold 302 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.38, for a total transaction of $30,314.76. Following the transaction, the senior vice president now directly owns 34,045 shares in the company, valued at approximately $3,417,437.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Melissa Aquino sold 8,041 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $93.56, for a total transaction of $752,315.96. Following the transaction, the senior vice president now directly owns 20,761 shares in the company, valued at approximately $1,942,399.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Mattias Bystrom sold 302 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $100.38, for a total transaction of $30,314.76. Following the completion of the transaction, the senior vice president now owns 34,045 shares in the company, valued at approximately $3,417,437.10. The disclosure for this sale can be found here. 0.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Sugarloaf Wealth Management LLC purchased a new position in Veralto in the fourth quarter valued at approximately $25,000. First Command Advisory Services Inc. purchased a new position in Veralto in the fourth quarter valued at approximately $25,000. Blue Trust Inc. purchased a new position in Veralto in the fourth quarter valued at approximately $26,000. Delta Asset Management LLC TN raised its holdings in Veralto by 216.0% in the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock valued at $26,000 after buying an additional 216 shares during the period. Finally, Dougherty Wealth Advisers LLC purchased a new position in Veralto in the fourth quarter valued at approximately $27,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Price Performance

Shares of VLTO opened at $98.87 on Monday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56. The company’s fifty day moving average is $97.26 and its two-hundred day moving average is $87.96. Veralto has a 1 year low of $65.51 and a 1 year high of $102.58.

Veralto (NYSE:VLTOGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Veralto’s quarterly revenue was up 1.7% on a year-over-year basis. On average, analysts forecast that Veralto will post 3.37 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be issued a $0.09 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.36 dividend on an annualized basis and a yield of 0.36%.

Veralto Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Veralto (NYSE:VLTO)

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