Veralto Co. (NYSE:VLTO - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $92.66 and last traded at $92.48, with a volume of 192155 shares. The stock had previously closed at $91.23.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on VLTO shares. Royal Bank of Canada lifted their price target on Veralto from $78.00 to $91.00 and gave the company a "sector perform" rating in a research report on Thursday, February 8th. BMO Capital Markets assumed coverage on shares of Veralto in a research note on Tuesday, February 27th. They set an "outperform" rating and a $97.00 price target for the company. Argus began coverage on Veralto in a research note on Tuesday, January 9th. They issued a "buy" rating and a $90.00 target price on the stock. Citigroup upped their target price on shares of Veralto from $89.00 to $94.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Finally, BNP Paribas started coverage on shares of Veralto in a research report on Tuesday, March 12th. They set an "outperform" rating and a $103.00 price target on the stock. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $93.36.
Check Out Our Latest Research Report on VLTO
Veralto Trading Up 2.7 %
The business has a 50 day moving average price of $87.83 and a two-hundred day moving average price of $79.93. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 1.89.
Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.25 billion. The company's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share. On average, analysts forecast that Veralto Co. will post 3.26 EPS for the current fiscal year.
Veralto Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Wednesday, March 27th.
Insider Transactions at Veralto
In related news, insider Mattias Bystrom sold 500 shares of the business's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $86.10, for a total transaction of $43,050.00. Following the completion of the transaction, the insider now owns 30,310 shares of the company's stock, valued at $2,609,691. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.31% of the company's stock.
Institutional Trading of Veralto
Several large investors have recently made changes to their positions in VLTO. Perkins Coie Trust Co boosted its holdings in Veralto by 2.7% in the first quarter. Perkins Coie Trust Co now owns 6,977 shares of the company's stock valued at $618,000 after acquiring an additional 185 shares during the last quarter. Czech National Bank grew its position in shares of Veralto by 0.5% in the first quarter. Czech National Bank now owns 38,585 shares of the company's stock valued at $3,421,000 after purchasing an additional 192 shares during the last quarter. Delta Asset Management LLC TN lifted its stake in Veralto by 216.0% during the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company's stock worth $26,000 after purchasing an additional 216 shares during the period. Fishman Jay A Ltd. MI raised its stake in shares of Veralto by 6.0% in the fourth quarter. Fishman Jay A Ltd. MI now owns 4,174 shares of the company's stock valued at $343,000 after acquiring an additional 238 shares during the last quarter. Finally, City Holding Co. raised its position in Veralto by 2.0% in the 1st quarter. City Holding Co. now owns 15,231 shares of the company's stock worth $1,350,000 after purchasing an additional 293 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.
About Veralto
(
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.
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