Veralto Co. (NYSE:VLTO) CEO Jennifer Honeycutt Sells 10,414 Shares of Stock

Veralto Co. (NYSE:VLTO) CEO Jennifer Honeycutt sold 10,414 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total value of $1,045,044.90. Following the sale, the chief executive officer now owns 104,496 shares in the company, valued at approximately $10,486,173.60. This represents a 9.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Veralto Stock Performance

NYSE:VLTO opened at $99.70 on Thursday. Veralto Co. has a 1 year low of $85.70 and a 1 year high of $115.00. The stock has a market capitalization of $24.66 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 4.24 and a beta of 1.06. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. The firm has a 50 day moving average of $101.25 and a 200-day moving average of $105.80.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. As a group, sell-side analysts anticipate that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a $0.11 dividend. The ex-dividend date was Tuesday, December 31st. This is a boost from Veralto’s previous quarterly dividend of $0.09. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. Veralto’s dividend payout ratio is 13.17%.

Analyst Ratings Changes

VLTO has been the topic of several analyst reports. Stifel Nicolaus lowered their price target on shares of Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada lowered their target price on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Citigroup cut their price target on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Finally, Jefferies Financial Group initiated coverage on Veralto in a research note on Thursday, December 12th. They issued a “buy” rating and a $125.00 price objective on the stock. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $112.55.

Hedge Funds Weigh In On Veralto

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in Veralto during the 3rd quarter worth approximately $25,000. Bernard Wealth Management Corp. bought a new stake in shares of Veralto during the 4th quarter worth approximately $25,000. OFI Invest Asset Management bought a new position in shares of Veralto in the 4th quarter valued at about $26,000. BankPlus Trust Department acquired a new position in Veralto during the fourth quarter worth approximately $29,000. Finally, Albion Financial Group UT boosted its position in Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after purchasing an additional 336 shares during the period. 91.28% of the stock is owned by institutional investors.

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.