Veralto Co. (NYSE:VLTO) Receives $113.18 Consensus PT from Analysts

Shares of Veralto Co. (NYSE:VLTO) have received a consensus rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $113.18.

Several analysts recently issued reports on VLTO shares. Royal Bank of Canada boosted their price target on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Citigroup cut their price objective on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Stifel Nicolaus reduced their target price on Veralto from $117.00 to $116.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Jefferies Financial Group started coverage on shares of Veralto in a research note on Thursday, December 12th. They set a “buy” rating and a $125.00 price objective on the stock.

Institutional Investors Weigh In On Veralto

Institutional investors have recently modified their holdings of the company. Savant Capital LLC boosted its holdings in shares of Veralto by 0.5% during the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company’s stock worth $2,055,000 after buying an additional 98 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in Veralto by 2.6% in the third quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company’s stock worth $431,000 after purchasing an additional 99 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in Veralto by 1.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,338 shares of the company’s stock valued at $821,000 after purchasing an additional 100 shares in the last quarter. Allworth Financial LP boosted its position in shares of Veralto by 19.4% during the 4th quarter. Allworth Financial LP now owns 622 shares of the company’s stock worth $64,000 after purchasing an additional 101 shares in the last quarter. Finally, Strategic Blueprint LLC increased its position in Veralto by 4.5% in the 3rd quarter. Strategic Blueprint LLC now owns 2,394 shares of the company’s stock valued at $268,000 after buying an additional 102 shares in the last quarter. 91.28% of the stock is owned by institutional investors.

Veralto Stock Performance

Shares of VLTO stock opened at $103.88 on Tuesday. The company has a market capitalization of $25.69 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 4.31 and a beta of 1.06. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13. Veralto has a 52 week low of $75.05 and a 52 week high of $115.00. The company has a 50-day simple moving average of $103.92 and a 200 day simple moving average of $106.22.

Veralto Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be issued a $0.11 dividend. The ex-dividend date is Tuesday, December 31st. This is a boost from Veralto’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 0.42%. Veralto’s dividend payout ratio is presently 13.58%.

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.