Veralto (NYSE:VLTO) Price Target Cut to $104.00 by Analysts at Citigroup

Veralto (NYSE:VLTO) had its price objective lowered by Citigroup from $111.00 to $104.00 in a research note released on Thursday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

VLTO has been the subject of several other reports. Robert W. Baird set a $108.00 target price on shares of Veralto in a report on Thursday. Barclays reiterated an “overweight” rating and issued a $117.00 price target on shares of Veralto in a research report on Thursday. Royal Bank Of Canada reduced their price objective on shares of Veralto from $111.00 to $102.00 and set a “sector perform” rating for the company in a research note on Thursday. UBS Group lifted their target price on shares of Veralto from $110.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Finally, BMO Capital Markets dropped their target price on shares of Veralto from $123.00 to $114.00 and set an “outperform” rating for the company in a report on Tuesday, November 25th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Veralto currently has a consensus rating of “Hold” and a consensus price target of $110.00.

Veralto Trading Down 0.9%

Shares of VLTO stock opened at $90.61 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.67 and a quick ratio of 1.40. The company has a market cap of $22.50 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 2.62 and a beta of 0.89. Veralto has a 1 year low of $83.86 and a 1 year high of $110.11. The firm has a fifty day moving average price of $100.41 and a 200-day moving average price of $102.81.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, February 3rd. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.41 billion. Veralto had a return on equity of 35.77% and a net margin of 17.08%.Veralto’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 earnings per share. Veralto has set its FY 2026 guidance at 4.100-4.200 EPS and its Q1 2026 guidance at 0.970-1.010 EPS. As a group, equities analysts predict that Veralto will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, December 31st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from Veralto’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 0.6%. Veralto’s dividend payout ratio is 13.87%.

Insider Transactions at Veralto

In other Veralto news, SVP Mattias Bystrom sold 1,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $101.73, for a total value of $101,730.00. Following the sale, the senior vice president owned 31,430 shares in the company, valued at $3,197,373.90. The trade was a 3.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Veralto

Hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new position in Veralto during the 2nd quarter valued at approximately $264,150,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Veralto by 6,015.1% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,347,647 shares of the company’s stock valued at $136,045,000 after purchasing an additional 1,325,609 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Veralto by 86.1% in the third quarter. AQR Capital Management LLC now owns 2,157,211 shares of the company’s stock valued at $226,615,000 after purchasing an additional 997,778 shares in the last quarter. Vanguard Group Inc. increased its position in Veralto by 2.8% in the third quarter. Vanguard Group Inc. now owns 31,058,387 shares of the company’s stock worth $3,311,135,000 after purchasing an additional 852,276 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Veralto by 10,317.8% during the fourth quarter. SG Americas Securities LLC now owns 781,651 shares of the company’s stock valued at $77,993,000 after purchasing an additional 774,148 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

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