Veralto Co. (NYSE:VLTO) Receives Consensus Rating of "Hold" from Analysts

Veralto Co. (NYSE:VLTO - Get Free Report) has been assigned a consensus recommendation of "Hold" from the ten analysts that are covering the stock, Marketbeat reports. Six 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 objective among brokers that have covered the stock in the last year is $111.10.

Several analysts have commented on VLTO shares. Stifel Nicolaus lowered their price target on Veralto from $110.00 to $102.00 and set a "buy" rating for the company in a report on Wednesday. Citigroup lowered their price objective on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday. Finally, Royal Bank of Canada lowered their price target on Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research report on Thursday, February 6th.

Insider Transactions at Veralto

In other news, SVP Surekha Trivedi sold 590 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $59,206.50. Following the completion of the sale, the senior vice president now directly owns 8,470 shares of the company's stock, valued at $849,964.50. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the sale, the senior vice president now directly owns 20,761 shares of the company's stock, valued at $2,067,795.60. This trade represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,471 shares of company stock valued at $2,234,030 over the last three months. Company insiders own 0.31% of the company's stock.

Institutional Trading of Veralto

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Veralto by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 29,347,185 shares of the company's stock valued at $2,989,011,000 after buying an additional 146,234 shares in the last quarter. Amundi raised its holdings in shares of Veralto by 2.3% during the 4th quarter. Amundi now owns 7,169,702 shares of the company's stock valued at $731,084,000 after purchasing an additional 158,342 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Veralto by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 6,601,676 shares of the company's stock valued at $670,781,000 after purchasing an additional 733,056 shares during the last quarter. Pictet Asset Management Holding SA increased its position in Veralto by 1.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,764,889 shares of the company's stock worth $485,304,000 after buying an additional 54,795 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Veralto by 9.7% during the 4th quarter. Invesco Ltd. now owns 4,541,367 shares of the company's stock worth $462,538,000 after acquiring an additional 401,228 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Price Performance

Shares of NYSE:VLTO traded up $0.08 during trading on Friday, hitting $89.41. 190,514 shares of the stock were exchanged, compared to its average volume of 1,493,633. The company has a fifty day moving average price of $96.27 and a two-hundred day moving average price of $102.11. The company has a market cap of $22.18 billion, a PE ratio of 26.80, a P/E/G ratio of 4.24 and a beta of 0.97. Veralto has a 12-month low of $83.86 and a 12-month high of $115.00. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27.

Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. On average, analysts forecast that Veralto will post 3.66 EPS for the current year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.49%. The ex-dividend date is Monday, March 31st. Veralto's dividend payout ratio (DPR) is presently 13.17%.

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.