Veralto (NYSE:VLTO) Given New $109.00 Price Target at Deutsche Bank Aktiengesellschaft

Veralto (NYSE:VLTO) had its target price boosted by Deutsche Bank Aktiengesellschaft from $100.00 to $109.00 in a research report sent to investors on Monday, Benzinga reports. The firm currently has a hold rating on the stock.

VLTO has been the topic of several other reports. Stifel Nicolaus boosted their target price on shares of Veralto from $110.00 to $117.00 and gave the company a buy rating in a research note on Monday. Citigroup boosted their target price 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. Royal Bank of Canada boosted their target price on shares of Veralto from $101.00 to $108.00 and gave the company a sector perform rating in a research note on Monday. TD Cowen assumed coverage on shares of Veralto in a research note on Monday, June 17th. They set a hold rating and a $95.00 target price on the stock. Finally, Robert W. Baird boosted their target price on shares of Veralto from $98.00 to $112.00 and gave the company a neutral rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $103.33.

Veralto Price Performance

NYSE VLTO opened at $106.70 on Monday. The stock has a market capitalization of $26.37 billion and a P/E ratio of 32.19. Veralto has a 1 year low of $65.51 and a 1 year high of $107.86. The business’s fifty day moving average is $99.52 and its two-hundred day moving average is $91.83. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.56 and a current ratio of 1.96.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.05. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Veralto had a return on equity of 58.82% and a net margin of 15.60%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 earnings per share. On average, research analysts forecast that Veralto will post 3.45 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, June 28th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Friday, June 28th.

Insider Buying and Selling

In related news, SVP Mattias Bystrom sold 302 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.38, for a total value of $30,314.76. Following the completion of the sale, the senior vice president now directly owns 34,045 shares in the company, valued at $3,417,437.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Mattias Bystrom sold 302 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.38, for a total value of $30,314.76. Following the completion of the sale, the senior vice president now directly owns 34,045 shares in the company, valued at $3,417,437.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Honeycutt 13,191 shares of the firm’s stock in a transaction on Tuesday, July 30th. The disclosure for this trade can be found here. 0.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Veralto

A number of hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC boosted its holdings in Veralto by 3.2% during the first quarter. Global Retirement Partners LLC now owns 3,966 shares of the company’s stock valued at $352,000 after acquiring an additional 123 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Veralto by 2.7% during the second quarter. Sequoia Financial Advisors LLC now owns 5,406 shares of the company’s stock valued at $516,000 after acquiring an additional 142 shares during the period. Perkins Coie Trust Co boosted its holdings in Veralto by 2.2% during the second quarter. Perkins Coie Trust Co now owns 7,128 shares of the company’s stock valued at $680,000 after acquiring an additional 151 shares during the period. Graypoint LLC boosted its holdings in Veralto by 3.8% during the second quarter. Graypoint LLC now owns 4,407 shares of the company’s stock valued at $421,000 after acquiring an additional 160 shares during the period. Finally, Valeo Financial Advisors LLC boosted its holdings in Veralto by 5.0% during the second quarter. Valeo Financial Advisors LLC now owns 3,533 shares of the company’s stock valued at $337,000 after acquiring an additional 168 shares during the period. 91.28% of the stock is currently owned by institutional investors.

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.