Veralto Co. (NYSE:VLTO) SVP Sells $2,968,308.63 in Stock

Veralto Co. (NYSE:VLTO - Get Free Report) SVP Melissa Aquino sold 31,689 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $93.67, for a total value of $2,968,308.63. Following the transaction, the senior vice president now owns 17,434 shares of the company's stock, valued at $1,633,042.78. This represents a 64.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Melissa Aquino also recently made the following trade(s):

• On Tuesday, February 11th, Melissa Aquino sold 463 shares of Veralto stock. The shares were sold at an average price of $99.60, for a total value of $46,114.80.

Veralto Stock Down 0.3 %

VLTO traded down $0.28 on Friday, hitting $97.00. The company had a trading volume of 606,323 shares, compared to its average volume of 1,484,041. The stock has a market capitalization of $24.04 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 4.24 and a beta of 0.99. The stock has a fifty day moving average price of $94.26 and a 200-day moving average price of $99.96. Veralto Co. has a 12-month low of $83.87 and a 12-month high of $115.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. Veralto had a net margin of 16.04% and a return on equity of 49.29%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business posted $0.84 EPS. Veralto's revenue was up 6.9% on a year-over-year basis. Analysts predict that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a dividend of $0.11 per share. The ex-dividend date was Monday, March 31st. This represents a $0.44 annualized dividend and a yield of 0.45%. Veralto's dividend payout ratio (DPR) is 12.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on Veralto from $102.00 to $104.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Northcoast Research began coverage on shares of Veralto in a report on Tuesday. They issued a "buy" rating and a $110.00 target price for the company. Robert W. Baird boosted their target price on Veralto from $105.00 to $106.00 and gave the company a "neutral" rating in a research report on Thursday, May 1st. Citigroup decreased their target price on Veralto from $116.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Royal Bank of Canada lifted their price objective on shares of Veralto from $103.00 to $104.00 and gave the company a "sector perform" rating in a report on Thursday, May 1st. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $110.09.

Institutional Investors Weigh In On Veralto

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in Veralto by 43.8% in the 3rd quarter. Barclays PLC now owns 729,081 shares of the company's stock worth $81,556,000 after purchasing an additional 222,076 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Veralto in the third quarter worth $202,000. Tidal Investments LLC lifted its stake in shares of Veralto by 12.5% during the third quarter. Tidal Investments LLC now owns 16,534 shares of the company's stock worth $1,849,000 after buying an additional 1,832 shares during the period. Retirement Systems of Alabama grew its holdings in shares of Veralto by 12.7% during the third quarter. Retirement Systems of Alabama now owns 54,633 shares of the company's stock valued at $6,111,000 after buying an additional 6,170 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Veralto by 207.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company's stock valued at $125,608,000 after acquiring an additional 757,389 shares during the period. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

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.