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

Veralto Co. (NYSE:VLTO) has been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $104.46.

VLTO has been the subject of several research reports. Royal Bank of Canada increased their price target on shares of Veralto from $101.00 to $108.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. UBS Group started coverage on Veralto in a report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a report on Monday, July 29th. TD Cowen upped their price target on shares of Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Finally, Stifel Nicolaus boosted their price target on Veralto from $110.00 to $117.00 and gave the company a “buy” rating in a report on Monday, July 29th.

Veralto Stock Performance

Shares of VLTO stock opened at $112.43 on Friday. The firm has a market capitalization of $27.75 billion and a price-to-earnings ratio of 33.54. The stock has a fifty day moving average of $102.99 and a 200 day moving average of $96.28. Veralto has a 52 week low of $65.51 and a 52 week high of $112.77. The company has a quick ratio of 1.70, a current ratio of 1.96 and a debt-to-equity ratio of 1.56.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.80 by $0.05. Veralto had a net margin of 15.60% and a return on equity of 58.82%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business earned $0.80 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, research analysts expect that Veralto will post 3.45 earnings per share for the current year.

Insider Transactions at Veralto

In related news, SVP Surekha Trivedi sold 7,399 shares of Veralto stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $110.00, for a total transaction of $813,890.00. Following the completion of the sale, the senior vice president now owns 12,671 shares in the company, valued at approximately $1,393,810. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Veralto news, SVP Surekha Trivedi sold 7,399 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $110.00, for a total transaction of $813,890.00. Following the transaction, the senior vice president now owns 12,671 shares of the company’s stock, valued at approximately $1,393,810. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mattias Bystrom sold 3,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $105.89, for a total value of $317,670.00. Following the sale, the senior vice president now owns 31,045 shares of the company’s stock, valued at approximately $3,287,355.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,152 shares of company stock worth $1,211,920. Insiders own 0.31% of the company’s stock.

Institutional Trading of Veralto

Several hedge funds and other institutional investors have recently made changes to their positions in VLTO. Delta Asset Management LLC TN boosted its holdings in Veralto by 216.0% in the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock worth $26,000 after acquiring an additional 216 shares in the last quarter. Goodman Advisory Group LLC purchased a new position in shares of Veralto in the 2nd quarter valued at approximately $26,000. Johnson Financial Group Inc. acquired a new stake in Veralto in the 4th quarter worth approximately $27,000. Hexagon Capital Partners LLC purchased a new stake in Veralto during the 4th quarter worth approximately $29,000. Finally, Cassady Schiller Wealth Management LLC acquired a new position in Veralto during the 4th quarter valued at approximately $30,000. Hedge funds and other 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.