Veralto Co. (NYSE:VLTO) Receives $113.50 Average Target Price from Analysts

Shares of Veralto Co. (NYSE:VLTO) have been assigned an average recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $111.90.

VLTO has been the topic of several recent analyst reports. Royal Bank of Canada reduced their price objective on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Citigroup lowered their price objective on shares of Veralto from $116.00 to $100.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Stifel Nicolaus lowered their price target on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, February 6th.

Veralto Stock Performance

Veralto stock opened at $90.06 on Friday. Veralto has a fifty-two week low of $83.87 and a fifty-two week high of $115.00. The company has a market capitalization of $22.34 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 4.24 and a beta of 0.97. The stock has a fifty day moving average of $96.46 and a two-hundred day moving average of $102.19. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. On average, analysts anticipate that Veralto will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.49%. Veralto’s dividend payout ratio (DPR) is 13.17%.

Insiders Place Their Bets

In other Veralto news, CEO Jennifer Honeycutt sold 10,414 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following the transaction, the chief executive officer now owns 104,496 shares of the company’s stock, valued at $10,486,173.60. This trade represents a 9.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Surekha Trivedi sold 590 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,471 shares of company stock valued at $2,234,030 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bernard Wealth Management Corp. bought a new position in Veralto in the fourth quarter worth about $25,000. OFI Invest Asset Management bought a new stake in shares of Veralto in the 4th quarter worth approximately $26,000. BankPlus Trust Department acquired a new position in Veralto during the 4th quarter valued at approximately $29,000. Albion Financial Group UT grew its stake in Veralto by 2,100.0% during the 4th quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after buying an additional 336 shares during the last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in Veralto in the fourth quarter worth $42,000. 91.28% of the stock is currently owned by institutional investors.

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.