Veralto (NYSE:VLTO) Sets New 1-Year High at $100.00

Veralto Co. (NYSE:VLTOGet Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $100.00 and last traded at $99.80, with a volume of 26047 shares. The stock had previously closed at $99.53.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets raised their price objective on shares of Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. BNP Paribas assumed coverage on Veralto in a report on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price objective for the company. The Goldman Sachs Group assumed coverage on Veralto in a report on Friday, March 22nd. They set a “buy” rating and a $104.00 price objective for the company. Stifel Nicolaus lifted their price objective on Veralto from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, Royal Bank of Canada lifted their price objective on Veralto from $78.00 to $91.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Veralto presently has an average rating of “Moderate Buy” and an average target price of $95.18.

View Our Latest Stock Report on Veralto

Veralto Trading Up 1.2 %

The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56. The company has a 50 day simple moving average of $91.68 and a 200 day simple moving average of $83.52.

Veralto (NYSE:VLTOGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 1.7% on a year-over-year basis. As a group, equities analysts expect that Veralto Co. will post 3.34 EPS for the current year.

Veralto Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Wednesday, March 27th.

Insider Buying and Selling at Veralto

In other Veralto news, SVP Melissa Aquino sold 8,041 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $93.56, for a total value of $752,315.96. Following the completion of the transaction, the senior vice president now directly owns 20,761 shares in the company, valued at $1,942,399.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Veralto

A number of hedge funds have recently added to or reduced their stakes in the company. Factory Mutual Insurance Co. bought a new stake in Veralto during the fourth quarter worth $9,260,000. State of Michigan Retirement System purchased a new position in shares of Veralto in the fourth quarter valued at $4,940,000. Vontobel Holding Ltd. purchased a new position in Veralto during the fourth quarter worth about $60,495,000. OLD National Bancorp IN purchased a new position in Veralto during the fourth quarter worth about $876,000. Finally, Asset Management One Co. Ltd. purchased a new position in Veralto during the fourth quarter worth about $7,944,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

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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