BMO Capital Markets Increases Veralto (NYSE:VLTO) Price Target to $101.00

Veralto (NYSE:VLTO - Free Report) had its target price boosted by BMO Capital Markets from $97.00 to $101.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

Other analysts also recently issued reports about the company. Royal Bank of Canada raised their price target on Veralto from $78.00 to $91.00 and gave the stock a sector perform rating in a research report on Thursday, February 8th. Argus assumed coverage on Veralto in a research report on Tuesday, January 9th. They set a buy rating and a $90.00 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on Veralto in a research report on Wednesday, January 10th. They set a hold rating and a $79.00 target price for the company. Citigroup lifted their target price on Veralto from $89.00 to $94.00 and gave the stock a neutral rating in a research report on Monday, April 8th. Finally, The Goldman Sachs Group assumed coverage on Veralto in a research report on Friday, March 22nd. They set a buy rating and a $104.00 target price for the company. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Veralto currently has a consensus rating of Moderate Buy and an average price target of $95.18.

Veralto Trading Up 1.5 %

Shares of NYSE VLTO traded up $1.39 during midday trading on Thursday, reaching $93.79. 1,785,282 shares of the stock traded hands, compared to its average volume of 1,625,037. 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 has a one year low of $65.51 and a one year high of $95.40. The company's 50 day moving average is $88.23 and its 200 day moving average is $80.13.

Veralto (NYSE:VLTO - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.08. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. The company's quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts anticipate that Veralto will post 3.26 EPS for the current year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.36 annualized dividend and a yield of 0.38%.

Insider Buying and Selling at Veralto

In other Veralto news, insider Mattias Bystrom sold 500 shares of Veralto stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $86.10, for a total value of $43,050.00. Following the transaction, the insider now owns 30,310 shares in the company, valued at $2,609,691. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by insiders.

Institutional Investors Weigh In On Veralto

A number of large investors have recently modified their holdings of the business. Sugarloaf Wealth Management LLC acquired a new stake in shares of Veralto during the fourth quarter worth about $25,000. First Command Advisory Services Inc. acquired a new stake in shares of Veralto during the fourth quarter worth about $25,000. Blue Trust Inc. acquired a new stake in shares of Veralto during the fourth quarter worth about $26,000. Delta Asset Management LLC TN lifted its holdings in shares of 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. Finally, Dougherty Wealth Advisers LLC acquired a new stake in shares of Veralto during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 91.28% of the company's stock.

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.