Citigroup Issues Pessimistic Forecast for Veralto (NYSE:VLTO) Stock Price

Veralto (NYSE:VLTO) had its price target reduced by Citigroup from $111.00 to $104.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 14.74% from the company’s previous close.

VLTO has been the subject of a number of other reports. Weiss Ratings lowered Veralto from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, December 31st. Barclays restated an “overweight” rating and issued a $117.00 price objective on shares of Veralto in a report on Thursday. BMO Capital Markets lowered their target price on Veralto from $123.00 to $114.00 and set an “outperform” rating on the stock in a report on Tuesday, November 25th. Royal Bank Of Canada dropped their price target on shares of Veralto from $111.00 to $102.00 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, Robert W. Baird set a $108.00 price target on shares of Veralto in a report on Thursday. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Veralto currently has an average rating of “Hold” and a consensus target price of $108.89.

Veralto Stock Performance

Shares of VLTO opened at $90.64 on Thursday. The firm has a market capitalization of $22.51 billion, a PE ratio of 24.17, a P/E/G ratio of 2.59 and a beta of 0.89. The company has a quick ratio of 1.40, a current ratio of 1.67 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $100.20 and a 200 day moving average price of $102.73. Veralto has a 52-week low of $83.86 and a 52-week high of $110.11.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Veralto had a net margin of 17.08% and a return on equity of 35.77%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the business posted $0.95 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.100-4.200 EPS and its Q1 2026 guidance at 0.970-1.010 EPS. On average, sell-side analysts anticipate that Veralto will post 3.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Veralto news, SVP Mattias Bystrom sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $101.73, for a total value of $101,730.00. Following the completion of the transaction, the senior vice president directly owned 31,430 shares in the company, valued at $3,197,373.90. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Veralto

A number of institutional investors have recently bought and sold shares of the business. Compass Wealth Management LLC acquired a new stake in shares of Veralto in the 3rd quarter valued at $6,708,000. Capital Advisors Inc. OK increased its position in shares of Veralto by 6.3% during the 3rd quarter. Capital Advisors Inc. OK now owns 380,910 shares of the company’s stock worth $40,609,000 after purchasing an additional 22,464 shares in the last quarter. Spire Wealth Management lifted its holdings in Veralto by 1,579.5% during the 3rd quarter. Spire Wealth Management now owns 12,311 shares of the company’s stock valued at $1,312,000 after purchasing an additional 11,578 shares during the last quarter. Defender Capital LLC. lifted its holdings in Veralto by 9.2% during the 2nd quarter. Defender Capital LLC. now owns 172,870 shares of the company’s stock valued at $17,451,000 after purchasing an additional 14,586 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Veralto by 8.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,159,417 shares of the company’s stock valued at $123,605,000 after buying an additional 94,607 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

About Veralto

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. This segment provides water solutions, including chemical reagents, services, and digital solutions.