Veralto Co. (NYSE:VLTO) SVP Sells $85,266.40 in Stock

Veralto Co. (NYSE:VLTO - Get Free Report) SVP Surekha Trivedi sold 848 shares of Veralto stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $100.55, for a total transaction of $85,266.40. Following the completion of the transaction, the senior vice president now directly owns 8,433 shares in the company, valued at approximately $847,938.15. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, April 1st, Surekha Trivedi sold 590 shares of Veralto stock. The stock was sold at an average price of $97.05, for a total transaction of $57,259.50.

Veralto Stock Up 0.6%

VLTO stock traded up $0.62 during trading hours on Friday, hitting $100.29. The company's stock had a trading volume of 487,005 shares, compared to its average volume of 1,447,027. The stock has a 50 day moving average price of $95.32 and a two-hundred day moving average price of $99.40. Veralto Co. has a 12 month low of $83.87 and a 12 month high of $115.00. The company has a market capitalization of $24.86 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.28 billion. During the same period in the prior year, the company posted $0.84 earnings per share. Veralto's revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities research analysts expect that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 30th will be given a $0.11 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. Veralto's dividend payout ratio is currently 12.57%.

Wall Street Analyst Weigh In

Several research firms have weighed in on VLTO. Robert W. Baird lifted their price objective on shares of Veralto from $105.00 to $106.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Citigroup lowered their price objective on shares of Veralto from $116.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Northcoast Research began coverage on shares of Veralto in a research report on Tuesday, May 6th. They set a "buy" rating and a $110.00 price objective on the stock. Stifel Nicolaus lifted their price objective on shares of Veralto from $102.00 to $104.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Royal Bank of Canada lifted their price objective on shares of Veralto from $103.00 to $104.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $110.09.

Institutional Trading of Veralto

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bernard Wealth Management Corp. acquired a new stake in shares of Veralto in the fourth quarter worth about $25,000. OFI Invest Asset Management acquired a new position in Veralto during the 4th quarter worth $26,000. BankPlus Trust Department acquired a new position in Veralto during the 4th quarter worth $29,000. Truvestments Capital LLC lifted its position in Veralto by 148.5% during the 1st quarter. Truvestments Capital LLC now owns 328 shares of the company's stock worth $32,000 after acquiring an additional 196 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in Veralto during the 4th quarter worth $43,000. Institutional investors and hedge funds own 91.28% of the company's stock.

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.