Veralto (NYSE:VLTO) Price Target Lowered to $110.00 at Stifel Nicolaus

Veralto (NYSE:VLTO) had its price objective decreased by equities research analysts at Stifel Nicolaus from $116.00 to $110.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 12.60% from the company’s previous close.

Several other research firms have also commented on VLTO. Jefferies Financial Group initiated coverage on shares of Veralto in a report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price target on the stock. Citigroup cut their price target on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Finally, Royal Bank of Canada increased their price objective on shares of Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Veralto has an average rating of “Hold” and an average target price of $112.64.

Veralto Trading Up 2.0 %

Shares of Veralto stock traded up $1.89 during mid-day trading on Thursday, hitting $97.70. 683,766 shares of the stock were exchanged, compared to its average volume of 1,366,705. The stock has a market capitalization of $24.16 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 4.35 and a beta of 1.06. Veralto has a twelve month low of $79.43 and a twelve month high of $115.00. The company has a current ratio of 2.13, a quick ratio of 1.87 and a debt-to-equity ratio of 1.35. The company has a 50-day simple moving average of $103.29 and a 200 day simple moving average of $106.31.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.05. Veralto had a net margin of 15.69% and a return on equity of 52.85%. Research analysts forecast that Veralto will post 3.48 EPS for the current year.

Institutional Trading of Veralto

Several institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new stake in Veralto in the third quarter worth about $25,000. BankPlus Trust Department acquired a new stake in Veralto during the 4th quarter worth about $29,000. Raleigh Capital Management Inc. raised its holdings in Veralto by 692.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock worth $35,000 after buying an additional 270 shares during the period. Albion Financial Group UT increased its holdings in shares of Veralto by 2,100.0% in the 4th quarter. Albion Financial Group UT now owns 352 shares of the company’s stock valued at $36,000 after purchasing an additional 336 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Veralto in the 4th quarter valued at about $42,000. Institutional investors own 91.28% of the company’s stock.

About Veralto

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.