Veralto (NYSE:VLTO) Price Target Lowered to $100.00 at Citigroup

Veralto (NYSE:VLTO) had its price objective trimmed by Citigroup from $116.00 to $100.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities research analysts have also commented on VLTO. Royal Bank of Canada lowered their price target on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Stifel Nicolaus lowered their price target on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Veralto currently has an average rating of “Hold” and an average target price of $111.90.

Veralto Trading Up 1.1 %

Shares of VLTO opened at $90.64 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92. Veralto has a fifty-two week low of $83.87 and a fifty-two week high of $115.00. The firm has a 50 day moving average price of $96.63 and a 200-day moving average price of $102.28. The firm has a market cap of $22.48 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 4.24 and a beta of 0.97.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. As a group, equities research analysts forecast that Veralto will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be paid a $0.11 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.44 annualized dividend and a yield of 0.49%. Veralto’s payout ratio is 13.17%.

Insider Buying and Selling at Veralto

In other news, CEO Jennifer Honeycutt sold 10,414 shares of Veralto stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $1,045,044.90. Following the completion of the transaction, the chief executive officer now directly owns 104,496 shares in the company, valued at approximately $10,486,173.60. This trade represents a 9.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Surekha Trivedi sold 590 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total value of $57,259.50. Following the transaction, the senior vice president now directly owns 10,011 shares of the company’s stock, valued at approximately $971,567.55. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,471 shares of company stock valued at $2,234,030. 0.31% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Veralto

Hedge funds have recently bought and sold shares of the company. Yousif Capital Management LLC lifted its stake in shares of Veralto by 26.9% in the first quarter. Yousif Capital Management LLC now owns 37,754 shares of the company’s stock worth $3,679,000 after buying an additional 7,992 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Veralto by 12.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,938 shares of the company’s stock worth $287,000 after purchasing an additional 333 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Veralto by 11.5% during the first quarter. Park Avenue Securities LLC now owns 19,213 shares of the company’s stock valued at $1,872,000 after purchasing an additional 1,985 shares in the last quarter. Vest Financial LLC purchased a new stake in shares of Veralto during the first quarter valued at $1,639,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in Veralto by 37.7% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,079 shares of the company’s stock worth $397,000 after buying an additional 1,117 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.

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.