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

Veralto (NYSE:VLTO) had its price objective raised by equities research analysts at Stifel Nicolaus from $92.00 to $97.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 9.23% from the company’s current price.

VLTO has been the subject of a number of other reports. The Goldman Sachs Group assumed coverage on shares of Veralto in a research report on Friday, March 22nd. They set a “buy” rating and a $104.00 price target for the company. Citigroup raised their target price on Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Argus assumed coverage on Veralto in a report on Tuesday, January 9th. They issued a “buy” rating and a $90.00 price target for the company. Royal Bank of Canada increased their price objective on shares of Veralto from $78.00 to $91.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Veralto in a report on Wednesday, January 10th. They set a “hold” rating and a $79.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.36.

Veralto Stock Down 1.9 %

VLTO stock opened at $88.80 on Wednesday. Veralto has a 52 week low of $65.51 and a 52 week high of $92.15. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.40 and a current ratio of 1.64. The business has a fifty day simple moving average of $87.54 and a 200-day simple moving average of $79.72.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.80 by $0.07. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, analysts predict that Veralto will post 3.26 earnings per share for the current year.

Insider Activity at Veralto

In other news, insider Mattias Bystrom sold 500 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $86.10, for a total transaction 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 $2,609,691. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in shares of Veralto during the fourth quarter valued at $2,127,330,000. Capital International Investors bought a new stake in shares of Veralto during the 4th quarter worth about $538,324,000. Brown Advisory Inc. acquired a new position in shares of Veralto during the fourth quarter valued at approximately $528,018,000. Price T Rowe Associates Inc. MD raised its holdings in Veralto by 2,510.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,326,836 shares of the company’s stock worth $355,926,000 after purchasing an additional 4,161,115 shares in the last quarter. Finally, Impax Asset Management Group plc acquired a new stake in Veralto in the fourth quarter worth approximately $347,827,000. 91.28% of the stock is 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.