Veralto Co. (NYSE:VLTO) Receives Average Rating of "Moderate Buy" from Analysts

Veralto Co. (NYSE:VLTO - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $95.18.

VLTO has been the topic of a number of analyst reports. The Goldman Sachs Group initiated coverage on shares of Veralto in a research report on Friday, March 22nd. They issued a "buy" rating and a $104.00 price objective on the stock. BNP Paribas initiated coverage on shares of Veralto in a research report on Tuesday, March 12th. They set an "outperform" rating and a $103.00 target price on the stock. BMO Capital Markets boosted their target price on shares of Veralto from $97.00 to $101.00 and gave the stock an "outperform" rating in a research report on Thursday, April 25th. Robert W. Baird lifted their price objective on shares of Veralto from $90.00 to $98.00 and gave the company a "neutral" rating in a research note on Thursday, April 25th. Finally, Royal Bank of Canada lifted their price objective on shares of Veralto from $78.00 to $91.00 and gave the company a "sector perform" rating in a research note on Thursday, February 8th.

Insider Buying and Selling

In related news, SVP Melissa Aquino sold 8,041 shares of the business's stock in a transaction on Friday, April 26th. The shares were sold at an average price of $93.56, for a total value of $752,315.96. Following the completion of the sale, the senior vice president now owns 20,761 shares of the company's stock, valued at approximately $1,942,399.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 VLTO. Sugarloaf Wealth Management LLC purchased a new stake in shares of Veralto in the fourth quarter valued at about $25,000. Blue Trust Inc. purchased a new stake in shares of Veralto in the fourth quarter valued at about $26,000. First Command Advisory Services Inc. purchased a new stake in shares of Veralto in the fourth quarter valued at about $25,000. LRI Investments LLC purchased a new stake in shares of Veralto in the first quarter valued at about $30,000. Finally, Delta Asset Management LLC TN grew its holdings in shares of 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 purchasing an additional 216 shares during the period. Hedge funds and other institutional investors own 91.28% of the company's stock.

Veralto Trading Down 0.9 %

Shares of Veralto stock traded down $0.90 on Thursday, reaching $99.86. The stock had a trading volume of 1,174,098 shares, compared to its average volume of 1,551,344. The company has a 50 day moving average price of $91.91 and a 200 day moving average price of $83.64. The company has a quick ratio of 1.56, a current ratio of 1.83 and a debt-to-equity ratio of 1.76. Veralto has a 1 year low of $65.51 and a 1 year high of $101.05.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.08. The firm had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.23 billion. The firm's quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts predict that Veralto will post 3.34 EPS for the current fiscal year.

Veralto Dividend Announcement

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

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.