Veralto Co. (NYSE:VLTO - Get Free Report) SVP Melissa Aquino sold 8,041 shares of the business's stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $93.56, for a total transaction of $752,315.96. Following the sale, the senior vice president now owns 20,761 shares of the company's stock, valued at $1,942,399.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Veralto Price Performance
Veralto stock traded up $0.79 during mid-day trading on Monday, reaching $94.91. 1,868,987 shares of the company's stock traded hands, compared to its average volume of 1,623,430. The stock has a 50 day moving average of $88.53 and a two-hundred day moving average of $80.44. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56. Veralto Co. has a 12-month low of $65.51 and a 12-month high of $95.56.
Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.08. The business had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.23 billion. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, equities research analysts predict that Veralto Co. will post 3.34 EPS for the current year.
Veralto Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Thursday, March 28th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Wednesday, March 27th.
Analyst Upgrades and Downgrades
VLTO has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Veralto in a research report on Wednesday, January 10th. They set a "hold" rating and a $79.00 target price for the company. Robert W. Baird lifted their price target on shares of Veralto from $90.00 to $98.00 and gave the company a "neutral" rating in a report on Thursday. Citigroup lifted their price target on shares of Veralto from $89.00 to $94.00 and gave the company a "neutral" rating in a report on Monday, April 8th. Stifel Nicolaus lifted their price target on shares of Veralto from $92.00 to $97.00 and gave the company a "buy" rating in a report on Wednesday, April 17th. Finally, Royal Bank of Canada lifted their price target on shares of Veralto from $78.00 to $91.00 and gave the company a "sector perform" rating in a report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $95.18.
View Our Latest Stock Analysis on Veralto
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Meritage Portfolio Management increased its position in Veralto by 598.3% during the first quarter. Meritage Portfolio Management now owns 158,390 shares of the company's stock valued at $14,043,000 after acquiring an additional 135,707 shares during the last quarter. YHB Investment Advisors Inc. increased its position in Veralto by 19.8% during the first quarter. YHB Investment Advisors Inc. now owns 18,433 shares of the company's stock valued at $1,634,000 after acquiring an additional 3,051 shares during the last quarter. SYSTM Wealth Solutions LLC increased its position in Veralto by 11.5% during the first quarter. SYSTM Wealth Solutions LLC now owns 2,450 shares of the company's stock valued at $217,000 after acquiring an additional 253 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new position in Veralto during the first quarter valued at $353,000. Finally, Verdence Capital Advisors LLC grew its holdings in shares of Veralto by 20.1% in the first quarter. Verdence Capital Advisors LLC now owns 14,253 shares of the company's stock worth $1,264,000 after purchasing an additional 2,382 shares during the last quarter. Institutional investors own 91.28% of the company's stock.
Veralto Company Profile
(
Get Free Report)
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.
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