Veralto Co. (NYSE:VLTO) Receives Consensus Recommendation of “Hold” from Brokerages

Veralto Co. (NYSE:VLTOGet Free Report) has received a consensus rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $87.63.

VLTO has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Veralto in a report on Wednesday, January 10th. They issued a “hold” rating and a $79.00 price objective for the company. Wolfe Research began coverage on shares of Veralto in a research report on Wednesday, December 13th. They issued a “peer perform” rating on the stock. Stifel Nicolaus cut their target price on Veralto from $83.00 to $82.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. Vertical Research raised Veralto from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Monday, October 16th. Finally, Argus initiated coverage on Veralto in a report on Tuesday, January 9th. They set a “buy” rating and a $90.00 price objective on the stock.

Get Our Latest Stock Report on Veralto

Hedge Funds Weigh In On Veralto

Hedge funds have recently made changes to their positions in the business. Brown Advisory Inc. bought a new position in shares of Veralto in the fourth quarter worth about $528,018,000. Impax Asset Management Group plc bought a new stake in shares of Veralto in the fourth quarter worth about $347,827,000. Norges Bank bought a new position in Veralto during the fourth quarter valued at $266,143,000. Franklin Resources Inc. bought a new stake in Veralto during the fourth quarter worth approximately $178,006,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in Veralto by 34,761.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,919,825 shares of the company’s stock worth $157,925,000 after buying an additional 1,914,318 shares during the period.

Veralto Price Performance

Shares of VLTO stock opened at $83.50 on Tuesday. Veralto has a twelve month low of $65.51 and a twelve month high of $89.00. The company has a 50-day moving average price of $78.54. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.64 and a quick ratio of 1.40.

Veralto (NYSE:VLTOGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.25 billion. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the company posted $0.80 earnings per share. Equities analysts predict that Veralto will post 3.26 earnings per share for the current year.

Veralto Dividend Announcement

The firm also recently announced a — dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were issued a dividend of $0.09 per share. This represents a dividend yield of 0.43%. The ex-dividend date of this dividend was Thursday, December 28th.

About Veralto

(Get Free Report

Veralto Corporation provides technology solutions that monitor, enhance, and protect resources worldwide. Its technologies address challenges across regulated industries, including municipal utilities, food and beverage, pharmaceutical, and industrials. The company core offerings include water analytics, water treatment, marking and coding, and packaging and color.

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Analyst Recommendations for Veralto (NYSE:VLTO)

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