Veralto (NYSE:VLTO – Free Report) had its target price raised by Royal Bank of Canada from $78.00 to $91.00 in a report issued on Thursday morning, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the stock.
A number of other equities research analysts have also recently commented on VLTO. Vertical Research upgraded shares of Veralto from a hold rating to a buy rating and set a $82.00 target price on the stock in a research note on Monday, October 16th. Stifel Nicolaus reduced their price objective on shares of Veralto from $83.00 to $82.00 and set a buy rating on the stock in a research report on Tuesday, January 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Veralto in a research report on Wednesday, January 10th. They set a hold rating and a $79.00 price objective on the stock. Wolfe Research initiated coverage on shares of Veralto in a research report on Wednesday, December 13th. They set a peer perform rating on the stock. Finally, Argus initiated coverage on shares of Veralto in a research report on Tuesday, January 9th. They set a buy rating and a $90.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Veralto presently has a consensus rating of Hold and a consensus target price of $87.63.
Veralto Trading Up 1.7 %
Veralto (NYSE:VLTO – Get Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.07. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company earned $0.80 EPS. Veralto’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, analysts predict that Veralto will post 3.2 EPS for the current fiscal year.
Veralto Dividend Announcement
The firm also recently announced a — dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were issued a $0.09 dividend. This represents a dividend yield of 0.43%. The ex-dividend date was Thursday, December 28th.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of VLTO. Fishman Jay A Ltd. MI boosted its stake in Veralto by 6.0% during the fourth quarter. Fishman Jay A Ltd. MI now owns 4,174 shares of the company’s stock worth $343,000 after buying an additional 238 shares during the period. Sugarloaf Wealth Management LLC bought a new stake in shares of Veralto during the fourth quarter worth $25,000. Blue Trust Inc. bought a new stake in shares of Veralto during the fourth quarter worth $26,000. First Command Advisory Services Inc. bought a new stake in shares of Veralto during the fourth quarter worth $25,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Veralto during the fourth quarter worth $27,000.
Veralto Corporation provides technology solutions that monitor, enhance, and protect resources worldwide. Its technologies address challenges across regulated industries, including municipal utilities, food and beverage, pharmaceutical, and industrials. The company core offerings include water analytics, water treatment, marking and coding, and packaging and color.
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