Veralto Co. (NYSE:VLTO) Receives Average Recommendation of “Hold” from Analysts

Veralto Co. (NYSE:VLTO) has received a consensus rating of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $108.27.

VLTO has been the topic of a number of recent research reports. TD Cowen lifted their target price on Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. The Goldman Sachs Group lifted their price target on Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. BMO Capital Markets raised their target price on shares of Veralto from $117.00 to $119.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. UBS Group initiated coverage on shares of Veralto in a report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a research note on Monday, July 29th.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 752 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $102.91, for a total transaction of $77,388.32. Following the completion of the sale, the senior vice president now directly owns 10,413 shares of the company’s stock, valued at $1,071,601.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Veralto news, SVP Surekha Trivedi sold 752 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $102.91, for a total value of $77,388.32. Following the completion of the sale, the senior vice president now directly owns 10,413 shares of the company’s stock, valued at $1,071,601.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jennifer Honeycutt sold 13,191 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $111.98, for a total transaction of $1,477,128.18. Following the transaction, the chief executive officer now owns 138,546 shares in the company, valued at approximately $15,514,381.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,038 shares of company stock valued at $3,989,693. 0.31% of the stock is owned by insiders.

Institutional Trading of Veralto

Institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC bought a new position in shares of Veralto in the first quarter valued at approximately $309,000. Headlands Technologies LLC raised its holdings in Veralto by 146.8% in the 1st quarter. Headlands Technologies LLC now owns 1,049 shares of the company’s stock worth $93,000 after acquiring an additional 624 shares during the period. QRG Capital Management Inc. lifted its position in Veralto by 187.6% during the 1st quarter. QRG Capital Management Inc. now owns 18,645 shares of the company’s stock worth $1,653,000 after acquiring an additional 12,161 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Veralto in the first quarter valued at about $754,000. Finally, SageView Advisory Group LLC bought a new position in shares of Veralto in the first quarter worth about $46,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Price Performance

Shares of NYSE VLTO opened at $104.82 on Thursday. Veralto has a twelve month low of $70.06 and a twelve month high of $115.00. The company has a current ratio of 2.13, a quick ratio of 1.87 and a debt-to-equity ratio of 1.35. The firm has a 50-day moving average of $108.95 and a two-hundred day moving average of $104.00. The company has a market capitalization of $25.92 billion and a price-to-earnings ratio of 32.35.

Veralto (NYSE:VLTO) last released its earnings results on Wednesday, October 23rd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.85 by $0.04. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. Veralto had a net margin of 15.69% and a return on equity of 52.85%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 earnings per share. As a group, analysts expect that Veralto will post 3.48 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Friday, September 27th. Veralto’s dividend payout ratio (DPR) is currently 11.11%.

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.