Veralto (NYSE:VLTO) Given New $102.00 Price Target at Citigroup

Veralto (NYSE:VLTO) had its price objective decreased by Citigroup from $104.00 to $102.00 in a report released on Thursday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

VLTO has been the topic of several other reports. UBS Group dropped their price target on Veralto from $102.00 to $99.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Royal Bank Of Canada lifted their price target on Veralto from $99.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Thursday. Weiss Ratings downgraded Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, December 31st. Robert W. Baird set a $103.00 price target on Veralto in a research report on Thursday. Finally, Barclays dropped their price target on Veralto from $117.00 to $113.00 and set an “overweight” rating on the stock in a research report on Thursday. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.11.

Veralto Stock Down 1.3%

Shares of VLTO stock opened at $88.34 on Thursday. The stock’s 50 day simple moving average is $90.55 and its 200 day simple moving average is $96.50. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.52 and a current ratio of 1.67. Veralto has a twelve month low of $84.99 and a twelve month high of $110.11. The company has a market capitalization of $21.69 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 2.52 and a beta of 0.98.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a return on equity of 35.03% and a net margin of 17.33%.The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. Veralto has set its FY 2026 guidance at 4.200-4.280 EPS and its Q2 2026 guidance at 0.960-1.000 EPS. As a group, research analysts predict that Veralto will post 4.23 EPS for the current year.

Veralto Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 31st. Veralto’s dividend payout ratio (DPR) is presently 13.87%.

Institutional Trading of Veralto

Several institutional investors have recently modified their holdings of VLTO. Azzad Asset Management Inc. ADV boosted its stake in Veralto by 0.7% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 15,098 shares of the company’s stock valued at $1,506,000 after buying an additional 99 shares in the last quarter. PFG Investments LLC boosted its stake in Veralto by 2.7% in the 3rd quarter. PFG Investments LLC now owns 3,792 shares of the company’s stock valued at $404,000 after buying an additional 100 shares in the last quarter. Strategic Blueprint LLC boosted its stake in Veralto by 4.3% in the 3rd quarter. Strategic Blueprint LLC now owns 2,543 shares of the company’s stock valued at $271,000 after buying an additional 105 shares in the last quarter. IFP Advisors Inc boosted its stake in Veralto by 14.0% in the 3rd quarter. IFP Advisors Inc now owns 855 shares of the company’s stock valued at $91,000 after buying an additional 105 shares in the last quarter. Finally, Creative Capital Management Investments LLC boosted its stake in Veralto by 45.9% in the 4th quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock valued at $34,000 after buying an additional 107 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.