Veralto Co. (NYSE:VLTO) SVP Sells $80,360.16 in Stock

Veralto Co. (NYSE:VLTO) SVP Surekha Trivedi sold 753 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $106.72, for a total value of $80,360.16. Following the sale, the senior vice president now directly owns 12,671 shares of the company’s stock, valued at $1,352,249.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Veralto Price Performance

Veralto stock opened at $104.84 on Monday. The company has a market cap of $25.91 billion and a price-to-earnings ratio of 31.67. The business’s 50 day simple moving average is $99.58 and its 200 day simple moving average is $92.27. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $107.86. The company has a current ratio of 1.96, a quick ratio of 1.56 and a debt-to-equity ratio of 1.56.

Veralto (NYSE:VLTO) last posted its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share (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 return on equity of 58.82% and a net margin of 15.60%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.80 earnings per share. Sell-side analysts forecast that Veralto Co. will post 3.45 EPS for the current year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were given a dividend of $0.09 per share. The ex-dividend date was Friday, June 28th. This represents a $0.36 annualized dividend and a dividend yield of 0.34%.

Institutional Investors Weigh In On Veralto

Several institutional investors have recently made changes to their positions in VLTO. Vanguard Group Inc. purchased a new stake in shares of Veralto during the fourth quarter worth $2,127,330,000. Capital International Investors purchased a new stake in shares of Veralto in the fourth quarter worth $538,324,000. Brown Advisory Inc. purchased a new stake in shares of Veralto in the fourth quarter worth $528,018,000. Impax Asset Management Group plc purchased a new stake in shares of Veralto in the fourth quarter worth $347,827,000. Finally, Norges Bank purchased a new stake in shares of Veralto in the fourth quarter worth $266,143,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

VLTO has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on Veralto from $100.00 to $109.00 and gave the company a “hold” rating in a report on Monday, July 29th. TD Cowen upped their target price on Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a report on Tuesday, July 30th. Citigroup upped their target price on Veralto from $89.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, April 8th. BMO Capital Markets upped their target price on Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, The Goldman Sachs Group upped their target price on Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Veralto has an average rating of “Moderate Buy” and a consensus target price of $103.33.

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.