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

Veralto (NYSE:VLTO) had its target price increased by stock analysts at BMO Capital Markets from $97.00 to $101.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 7.31% from the company’s previous close.

Other analysts also recently issued reports about the stock. Citigroup raised their target price on shares of Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Argus assumed coverage on shares of Veralto in a research note on Tuesday, January 9th. They issued a “buy” rating and a $90.00 target price for the company. 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 objective for the company. The Goldman Sachs Group began coverage on Veralto in a report on Friday, March 22nd. They set a “buy” rating and a $104.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Veralto in a research note on Wednesday, January 10th. They issued a “hold” rating and a $79.00 price target on the stock. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Veralto currently has an average rating of “Moderate Buy” and a consensus price target of $95.18.

Veralto Price Performance

Shares of NYSE:VLTO opened at $94.12 on Thursday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.64 and a quick ratio of 1.40. Veralto has a 1-year low of $65.51 and a 1-year high of $95.40. The business has a 50-day moving average price of $88.53 and a two-hundred day moving average price of $80.36.

Veralto (NYSE:VLTO) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. The company’s revenue was up 1.7% compared to the same quarter last year. On average, equities research analysts expect that Veralto will post 3.26 earnings per share for the current year.

Insider Transactions at Veralto

In other news, insider Mattias Bystrom sold 500 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $86.10, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Veralto

A number of institutional investors have recently made changes to their positions in VLTO. Sugarloaf Wealth Management LLC bought a new stake in Veralto in the fourth quarter worth approximately $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 Veralto in the 4th quarter valued at about $25,000. Delta Asset Management LLC TN increased its position 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 valued at $26,000 after acquiring an additional 216 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Veralto during the 4th quarter worth $27,000. 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.