Veralto (NYSE:VLTO) Price Target Increased to $109.00 by Analysts at Deutsche Bank Aktiengesellschaft

Veralto (NYSE:VLTO) had its price objective increased by Deutsche Bank Aktiengesellschaft from $100.00 to $109.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 3.49% from the company’s current price.

Other research analysts have also issued research reports about the stock. Citigroup upped their price objective on shares of Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. TD Cowen assumed coverage on Veralto in a research report on Monday, June 17th. They issued a “hold” rating and a $95.00 price objective for the company. Robert W. Baird upped their target price on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research note on Monday. Stifel Nicolaus lifted their price target on shares of Veralto from $110.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Royal Bank of Canada increased their price objective on shares of Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a research note on Monday. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.92.

Veralto Stock Performance

VLTO traded up $0.45 on Monday, hitting $105.32. The company had a trading volume of 851,568 shares, compared to its average volume of 1,577,214. The stock has a market cap of $26.00 billion and a price-to-earnings ratio of 31.68. 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’s fifty day moving average price is $98.99 and its 200 day moving average price is $91.19. Veralto has a 1-year low of $65.51 and a 1-year high of $107.86.

Veralto (NYSE:VLTO) last announced its earnings results on Thursday, July 25th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.80 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. Veralto had a net margin of 15.60% and a return on equity of 62.93%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 EPS. Equities analysts predict that Veralto will post 3.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Veralto

In related news, SVP Mattias Bystrom sold 302 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $100.38, for a total value of $30,314.76. Following the sale, the senior vice president now directly owns 34,045 shares in the company, valued at approximately $3,417,437.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Veralto

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

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.