Veralto (NYSE:VLTO) Price Target Lowered to $102.00 at Stifel Nicolaus

Veralto (NYSE:VLTO) had its price objective reduced by equities researchers at Stifel Nicolaus from $110.00 to $102.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 13.85% from the company’s current price.

A number of other analysts have also recently issued reports on VLTO. Royal Bank of Canada decreased their target price on Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Citigroup decreased their price objective on shares of Veralto from $116.00 to $100.00 and set a “neutral” rating for the company in a report on Monday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Veralto currently has a consensus rating of “Hold” and a consensus target price of $111.10.

Veralto Stock Performance

NYSE:VLTO opened at $89.59 on Wednesday. Veralto has a twelve month low of $83.87 and a twelve month high of $115.00. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average price of $96.07 and a two-hundred day moving average price of $101.95. The company has a market capitalization of $22.22 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. As a group, research analysts expect that Veralto will post 3.66 earnings per share for the current fiscal year.

Insider Transactions at Veralto

In other Veralto news, SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $59,206.50. Following the completion of the sale, the senior vice president now owns 8,470 shares of the company’s stock, valued at $849,964.50. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jennifer Honeycutt sold 10,414 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $1,045,044.90. Following the completion of the transaction, the chief executive officer now owns 104,496 shares in the company, valued at $10,486,173.60. This trade represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,471 shares of company stock valued at $2,234,030. Company insiders own 0.36% of the company’s stock.

Institutional Trading of Veralto

Several large investors have recently made changes to their positions in VLTO. Barclays PLC increased its stake in shares of Veralto by 43.8% in the third quarter. Barclays PLC now owns 729,081 shares of the company’s stock worth $81,556,000 after purchasing an additional 222,076 shares during the period. Virtu Financial LLC grew its holdings in shares of Veralto by 301.9% during the third quarter. Virtu Financial LLC now owns 15,823 shares of the company’s stock worth $1,770,000 after purchasing an additional 11,886 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Veralto during the third quarter worth approximately $202,000. Wilmington Savings Fund Society FSB raised its position in shares of Veralto by 48.9% during the third quarter. Wilmington Savings Fund Society FSB now owns 28,583 shares of the company’s stock worth $3,197,000 after acquiring an additional 9,382 shares during the last quarter. Finally, Cim Investment Management Inc. bought a new position in shares of Veralto in the 3rd quarter valued at about $469,000. 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.