<div id="readability-page-1"><p>→ Pentagon contract could send this $2 AI stock soaring <span><span><span>(From Behind the Markets)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTQ2?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTQ2"/></span></p><div id="articlecontent"> <p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/veralto-co-logo-1200x675.jpg/query-dj0yMDIzMTAwMzEyNDgzOQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="675" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/veralto-co-logo-1200x675.jpg/query-dj0yMDIzMTAwMzEyNDgzOQ"/>Shares of Veralto Co. (NYSE:VLTO - Get Free Report) traded down 4.9% during mid-day trading on Wednesday . The stock traded as low as $88.74 and last traded at $89.11. 753,496 shares were traded during mid-day trading, a decline of 53% from the average session volume of 1,588,291 shares. The stock had previously closed at $93.72.</p><h2>Wall Street Analysts Forecast Growth</h2><p>VLTO has been the topic of a number of research analyst reports. BMO Capital Markets began coverage on Veralto in a research note on Tuesday, February 27th. They issued an &#34;outperform&#34; rating and a $97.00 price target on the stock. The Goldman Sachs Group initiated coverage on Veralto in a report on Friday, March 22nd. They set a &#34;buy&#34; rating and a $104.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Veralto in a research report on Wednesday, January 10th. They set a &#34;hold&#34; rating and a $79.00 price objective for the company. Royal Bank of Canada increased their price objective on Veralto from $78.00 to $91.00 and gave the company a &#34;sector perform&#34; rating in a report on Thursday, February 8th. Finally, Argus initiated coverage on shares of Veralto in a research report on Tuesday, January 9th. They set a &#34;buy&#34; rating and a $90.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $93.36.</p><p><b>View Our Latest Report on VLTO</b></p><h2>Veralto Price Performance</h2><div><div><p><span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTQ2?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTQ2"/></span></p><div><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/thumb_2062push_rocket.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="200" height="112" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/thumb_2062push_rocket.png"/></p></div><div><p><b>Ad </b> Behind the Markets</p><p>Pentagon contract could send this $2 AI stock soaring</p><p>Whenever the Department of Defense awards a major AI contract... Early investors could see dramatic returns virtually overnight. That's how my readers were able to cash in gains like 133% in just four months on C3.ai...</p><p>Get all the info here &gt;&gt;&gt;</p></div></div></div><p>The company has a current ratio of 1.64, a quick ratio of 1.40 and a debt-to-equity ratio of 1.89. The firm's 50 day moving average price is $88.06 and its two-hundred day moving average price is $80.05. </p><p>Veralto (NYSE:VLTO - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.23 billion. The company's quarterly revenue was up 1.7% on a year-over-year basis. On average, sell-side analysts anticipate that Veralto Co. will post 3.26 EPS for the current year. </p><h2>Veralto Announces Dividend</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a yield of 0.39%. </p><h2>Insider Activity</h2><p>In other Veralto news, insider Mattias Bystrom sold 500 shares of the business's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $86.10, for a total transaction of $43,050.00. Following the transaction, the insider now owns 30,310 shares in the company, valued at approximately $2,609,691. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is accessible through the SEC website. Insiders own 0.31% of the company's stock. </p><h2>Hedge Funds Weigh In On Veralto</h2><p>Several hedge funds and other institutional investors have recently bought and sold shares of the company. Simplicity Wealth LLC purchased a new stake in Veralto during the 1st quarter worth about $441,000. Avitas Wealth Management LLC boosted its stake in shares of Veralto by 35.5% during the 1st quarter. Avitas Wealth Management LLC now owns 9,506 shares of the company's stock worth $843,000 after purchasing an additional 2,493 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Veralto by 3.2% during the first quarter. Global Retirement Partners LLC now owns 3,966 shares of the company's stock worth $352,000 after buying an additional 123 shares in the last quarter. Community Financial Services Group LLC acquired a new position in shares of Veralto in the first quarter valued at approximately $994,000. Finally, Hall Laurie J Trustee lifted its stake in shares of Veralto by 41.2% during the first quarter. Hall Laurie J Trustee now owns 10,275 shares of the company's stock valued at $911,000 after buying an additional 2,996 shares during the period. 91.28% of the stock is owned by institutional investors and hedge funds. </p><h2>About Veralto</h2><p> (Get Free Report)</p><p>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 &amp; 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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Veralto</li><li>P/E Ratio Calculation: How to Assess Stocks</li><li>High-Yield Texas Instruments Could Hit New Highs Soon</li><li>Following Congress Stock Trades</li><li>Pagaya Technologies: An AI Fintech That Insiders Are Buying</li><li>Where to Find Earnings Call Transcripts</li><li>Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Pentagon contract could send this $2 AI stock soaring <span><span><span>(From Behind the Markets)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTQ2?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTQ2"/></span></p><h2>Should you invest $1,000 in Veralto right now?</h2><p>Before you consider Veralto, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Veralto wasn't on the list.</p><p>While Veralto currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here </p><div><div><div><p><img height="209" width="170" src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/premium-reports/small_20240422155430_reportpreview2023-12-7-stocks-to-own-before-the-20.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/premium-reports/small_20240422155430_reportpreview2023-12-7-stocks-to-own-before-the-20.png"/></p></div><div><div><p>7 Stocks to Own Before the 2024 Election</p><p>Looking to avoid the hassle of mudslinging, volatility, and uncertainty? 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VLTO

<p>Veralto (NYSE:VLTO) stock price declined by 4.9% during mid-day trading. Analysts have given the stock a "Moderate Buy" rating and a target price of $93.36. The company recently announced a quarterly dividend of $0.09 per share. Insider activity includes the sale of 500 shares by Mattias Bystrom. Hedge funds and institutional investors have also been buying and selling shares of Veralto.</p>

Veralto (NYSE:VLTO) Stock Price Down 4.9%