Veralto Co. (NYSE:VLTO) SVP Sells $57,259.50 in Stock

Veralto Co. (NYSE:VLTO) SVP Surekha Trivedi sold 590 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $97.05, for a total transaction of $57,259.50. Following the sale, the senior vice president now owns 10,011 shares in the company, valued at approximately $971,567.55. This trade represents a 5.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, February 25th, Surekha Trivedi sold 590 shares of Veralto stock. The stock was sold at an average price of $100.35, for a total value of $59,206.50.

Veralto Stock Up 1.1 %

NYSE VLTO traded up $1.10 during trading hours on Wednesday, hitting $98.72. The company had a trading volume of 790,839 shares, compared to its average volume of 1,501,229. The firm’s 50 day moving average is $99.26 and its 200 day moving average is $103.77. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. Veralto Co. has a fifty-two week low of $85.91 and a fifty-two week high of $115.00. The company has a market capitalization of $24.44 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 4.24 and a beta of 1.11.

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

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Monday, March 31st. Veralto’s payout ratio is 13.17%.

Analyst Ratings Changes

VLTO has been the topic of a number of research analyst reports. Jefferies Financial Group assumed coverage on Veralto in a research note on Thursday, December 12th. They issued a “buy” rating and a $125.00 price target on the stock. Stifel Nicolaus lowered their target price on shares of Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Citigroup cut their price target on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Finally, Royal Bank of Canada lowered their price target on Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $113.50.

Institutional Investors Weigh In On Veralto

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VLTO. PEAK6 Investments LLC grew its stake in shares of Veralto by 246.3% during the third quarter. PEAK6 Investments LLC now owns 8,733 shares of the company’s stock valued at $977,000 after acquiring an additional 6,211 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Veralto by 34.6% during the fourth quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company’s stock worth $400,928,000 after buying an additional 1,009,170 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Veralto by 18.4% in the fourth quarter. Park Avenue Securities LLC now owns 17,228 shares of the company’s stock worth $1,755,000 after buying an additional 2,676 shares during the last quarter. Czech National Bank raised its holdings in Veralto by 6.5% in the fourth quarter. Czech National Bank now owns 53,622 shares of the company’s stock valued at $5,461,000 after acquiring an additional 3,284 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Veralto by 15.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 14,115 shares of the company’s stock valued at $1,438,000 after acquiring an additional 1,889 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

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.