Veralto (NYSE:VLTO) Price Target Lowered to $110.00 at Stifel Nicolaus

Veralto (NYSE:VLTO) had its target price lowered by stock analysts at Stifel Nicolaus from $116.00 to $110.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 12.60% from the company’s previous close.

A number of other research firms have also recently commented on VLTO. Royal Bank of Canada raised their price target on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Citigroup dropped their price objective on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Finally, Jefferies Financial Group began coverage on shares of Veralto in a research report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $112.64.

Veralto Price Performance

NYSE:VLTO traded up $1.89 during trading hours on Thursday, hitting $97.70. 683,766 shares of the company’s stock traded hands, compared to its average volume of 1,366,705. The company has a quick ratio of 1.87, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. The business’s fifty day simple moving average is $103.29 and its two-hundred day simple moving average is $106.31. Veralto has a 52 week low of $79.43 and a 52 week high of $115.00. The firm has a market cap of $24.16 billion, a P/E ratio of 30.19, a P/E/G ratio of 4.35 and a beta of 1.06.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 52.85% and a net margin of 15.69%. On average, research analysts anticipate that Veralto will post 3.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in VLTO. Savant Capital LLC boosted its position in shares of Veralto by 0.5% during the fourth quarter. Savant Capital LLC now owns 20,177 shares of the company’s stock worth $2,055,000 after buying an additional 98 shares during the period. Brown Brothers Harriman & Co. increased its holdings in shares of Veralto by 2.6% in the third quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company’s stock valued at $431,000 after buying an additional 99 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of 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 buying an additional 100 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Veralto by 19.4% in the fourth quarter. Allworth Financial LP now owns 622 shares of the company’s stock valued at $64,000 after buying an additional 101 shares in the last quarter. Finally, Strategic Blueprint LLC increased its holdings in shares of Veralto by 4.5% in the third 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. 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.