Veralto Co. (NYSE:VLTO) SVP Sells $84,750.15 in Stock

Veralto Co. (NYSE:VLTO) SVP Surekha Trivedi sold 753 shares of Veralto stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $112.55, for a total value of $84,750.15. Following the completion of the transaction, the senior vice president now owns 11,165 shares in the company, valued at $1,256,620.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Surekha Trivedi also recently made the following trade(s):

• On Tuesday, September 3rd, Surekha Trivedi sold 753 shares of Veralto stock. The shares were sold at an average price of $111.10, for a total value of $83,658.30.
• On Wednesday, August 21st, Surekha Trivedi sold 7,399 shares of Veralto stock. The stock was sold at an average price of $110.00, for a total value of $813,890.00.
• On Thursday, August 1st, Surekha Trivedi sold 753 shares of Veralto stock. The stock was sold at an average price of $106.72, for a total transaction of $80,360.16.

Veralto Price Performance

Shares of VLTO stock opened at $112.02 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.96 and a quick ratio of 1.70. The stock’s fifty day simple moving average is $109.21 and its 200 day simple moving average is $100.31. Veralto Co. has a one year low of $65.51 and a one year high of $112.77. The firm has a market cap of $27.68 billion and a price-to-earnings ratio of 33.62.

Veralto (NYSE:VLTO) last posted its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.05. Veralto had a net margin of 15.60% and a return on equity of 58.82%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts expect that Veralto Co. will post 3.45 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, September 27th.

Institutional Investors Weigh In On Veralto

A number of large investors have recently bought and sold shares of the business. Goodman Advisory Group LLC bought a new position in Veralto in the 2nd quarter valued at $26,000. LRI Investments LLC acquired a new stake in shares of Veralto in the first quarter valued at $30,000. Fairscale Capital LLC bought a new position in shares of Veralto in the second quarter valued at about $30,000. Newbridge Financial Services Group Inc. acquired a new position in Veralto during the 4th quarter worth about $32,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in Veralto by 11,100.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock worth $32,000 after acquiring an additional 333 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on VLTO shares. Stifel Nicolaus increased their price target on shares of Veralto from $110.00 to $117.00 and gave the company a “buy” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their target price on Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. The Goldman Sachs Group upped their price target on Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a report on Monday, July 29th. UBS Group assumed coverage on Veralto in a report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price objective on the stock. Finally, BMO Capital Markets upped their target price on Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $105.67.

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.