Robert W. Baird Increases Veralto (NYSE:VLTO) Price Target to $98.00

Veralto (NYSE:VLTOGet Free Report) had its price target boosted by investment analysts at Robert W. Baird from $90.00 to $98.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 6.06% from the stock’s previous close.

Several other analysts also recently issued reports on the company. Royal Bank of Canada upped their price target on Veralto from $78.00 to $91.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. The Goldman Sachs Group started coverage on Veralto in a research note on Friday, March 22nd. They set a “buy” rating and a $104.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on Veralto in a research report on Wednesday, January 10th. They set a “hold” rating and a $79.00 price objective for the company. Argus started coverage on Veralto in a research report on Tuesday, January 9th. They set a “buy” rating and a $90.00 price objective for the company. Finally, BMO Capital Markets started coverage on Veralto in a research report on Tuesday, February 27th. They set an “outperform” rating and a $97.00 price objective for the company. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Veralto currently has an average rating of “Moderate Buy” and a consensus price target of $94.82.

Check Out Our Latest Analysis on Veralto

Veralto Stock Performance

Shares of NYSE VLTO opened at $92.40 on Thursday. The business’s 50-day moving average price is $88.23 and its two-hundred day moving average price is $80.13. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.40 and a current ratio of 1.64. Veralto has a one year low of $65.51 and a one year high of $95.40.

Veralto (NYSE:VLTOGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. The company’s revenue was up 1.7% on a year-over-year basis. Sell-side analysts anticipate that Veralto will post 3.26 earnings per share for the current year.

Insider Buying and Selling at Veralto

In other Veralto news, insider Mattias Bystrom sold 500 shares of the company’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 value of $43,050.00. Following the completion of the transaction, the insider now owns 30,310 shares of the company’s stock, valued at approximately $2,609,691. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Veralto

Hedge funds have recently modified their holdings of the stock. Sugarloaf Wealth Management LLC acquired a new position in shares of Veralto in the 4th quarter worth approximately $25,000. Blue Trust Inc. bought a new stake in Veralto during the 4th quarter worth approximately $26,000. First Command Advisory Services Inc. bought a new stake in Veralto during the 4th quarter worth approximately $25,000. Delta Asset Management LLC TN grew its position in Veralto by 216.0% during the 4th quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock worth $26,000 after acquiring an additional 216 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Veralto during the 4th quarter worth approximately $27,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Veralto Company Profile

(Get Free Report)

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.

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