Veralto (NYSE:VLTO) PT Raised to $101.00 at BMO Capital Markets

Veralto (NYSE:VLTO) had its price objective raised by BMO Capital Markets from $97.00 to $101.00 in a research report sent to investors on Thursday morning, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

VLTO has been the topic of several other reports. Royal Bank of Canada lifted their price objective on Veralto from $78.00 to $91.00 and gave the stock a sector perform rating in a report on Thursday, February 8th. Citigroup lifted their price objective on Veralto from $89.00 to $94.00 and gave the stock a neutral rating in a report on Monday, April 8th. BNP Paribas assumed coverage on Veralto in a report on Tuesday, March 12th. They set an outperform rating and a $103.00 price objective on the stock. Robert W. Baird lifted their price objective on Veralto from $90.00 to $98.00 and gave the stock a neutral rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Veralto in a report on Wednesday, January 10th. They set a hold rating and a $79.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $95.18.

Veralto Stock Up 0.4 %

Shares of NYSE:VLTO opened at $94.12 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.40 and a debt-to-equity ratio of 1.76. Veralto has a one year low of $65.51 and a one year high of $95.40. The business’s 50-day simple moving average is $88.53 and its 200 day simple moving average is $80.44.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. The company’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, equities research analysts forecast that Veralto will post 3.34 earnings per share for the current year.

Veralto Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.38%.

Insider Activity at Veralto

In related news, insider Mattias Bystrom sold 500 shares of the business’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 owns 30,310 shares in the company, valued at approximately $2,609,691. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VLTO. Neville Rodie & Shaw Inc. acquired a new position in Veralto during the 4th quarter worth $1,732,000. Anchor Investment Management LLC acquired a new position in Veralto during the 4th quarter worth $117,000. Park National Corp OH acquired a new position in Veralto during the 4th quarter worth $1,243,000. M&R Capital Management Inc. acquired a new position in Veralto during the 4th quarter worth $70,000. Finally, Massmutual Trust Co. FSB ADV acquired a new position in Veralto during the 4th quarter worth $285,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

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.