Veralto (NYSE:VLTO) Price Target Raised to $97.00 at Stifel Nicolaus

Veralto (NYSE:VLTO) had its target price upped by Stifel Nicolaus from $92.00 to $97.00 in a research note released on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts also recently weighed in on VLTO. Deutsche Bank Aktiengesellschaft began coverage on Veralto in a research report on Wednesday, January 10th. They set a hold rating and a $79.00 price target on the stock. The Goldman Sachs Group began coverage on Veralto in a research note on Friday, March 22nd. They issued a buy rating and a $104.00 price target on the stock. Royal Bank of Canada lifted their price objective on shares of Veralto from $78.00 to $91.00 and gave the stock a sector perform rating in a research report on Thursday, February 8th. BMO Capital Markets assumed coverage on shares of Veralto in a research report on Tuesday, February 27th. They issued an outperform rating and a $97.00 price objective on the stock. Finally, Citigroup lifted 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. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Veralto has a consensus rating of Moderate Buy and an average price target of $93.36.

Veralto Stock Performance

NYSE VLTO opened at $88.89 on Wednesday. Veralto has a 12 month low of $65.51 and a 12 month high of $92.15. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.64 and a quick ratio of 1.40. The stock has a 50 day moving average of $87.68 and a 200-day moving average of $79.78.

Veralto (NYSE:VLTO) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.07. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.25 billion. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 EPS. As a group, equities analysts expect that Veralto will post 3.26 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.40%.

Insider Transactions at Veralto

In other Veralto news, insider Mattias Bystrom sold 500 shares of Veralto stock in a transaction 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 directly owns 30,310 shares of the company’s stock, valued at approximately $2,609,691. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Veralto

A number of large investors have recently bought and sold shares of VLTO. Sugarloaf Wealth Management LLC acquired a new stake in shares of Veralto in the 4th quarter valued at $25,000. First Command Advisory Services Inc. bought a new position in Veralto in the fourth quarter valued at about $25,000. Studio Investment Management LLC acquired a new position in Veralto during the fourth quarter worth about $25,000. Blue Trust Inc. bought a new position in shares of Veralto in the fourth quarter worth about $26,000. Finally, Delta Asset Management LLC TN boosted its stake in shares of Veralto by 216.0% in the 4th quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock valued at $26,000 after purchasing an additional 216 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Veralto Company Profile

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.