Veralto (NYSE:VLTO) CEO Sells $1,131,243.96 in Stock

Key Points

• Veralto CEO Jennifer Honeycutt sold 10,646 shares of the company at an average price of $106.26, totaling approximately $1.13 million, resulting in a 9.11% decrease in her ownership.
• Following this transaction, Veralto's stock dropped by 0.9% to $105.25, while the firm's market cap stands at $26.12 billion with a P/E ratio of 29.40.
• Veralto reported a quarterly earnings per share (EPS) of $0.93, exceeding analysts' expectations, with a projected FY 2025 EPS guidance of 3.720-3.800.

Veralto Corporation (NYSE:VLTO - Get Free Report) CEO Jennifer Honeycutt sold 10,646 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96. Following the transaction, the chief executive officer owned 106,219 shares of the company's stock, valued at approximately $11,286,830.94. This trade represents a 9.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Jennifer Honeycutt also recently made the following trade(s):

• On Friday, August 29th, Jennifer Honeycutt sold 10,646 shares of Veralto stock. The stock was sold at an average price of $106.26, for a total value of $1,131,243.96.

Veralto Stock Down 0.9%

NYSE:VLTO traded down $0.94 on Tuesday, hitting $105.25. 887,681 shares of the company's stock were exchanged, compared to its average volume of 1,348,167. The firm has a 50-day moving average price of $104.68 and a 200-day moving average price of $99.47. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.32 and a quick ratio of 2.06. Veralto Corporation has a 52 week low of $83.86 and a 52 week high of $115.00. The company has a market cap of $26.12 billion, a P/E ratio of 29.40, a price-to-earnings-growth ratio of 3.53 and a beta of 0.91.

Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. Veralto had a net margin of 16.65% and a return on equity of 41.45%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. The company's quarterly revenue was up 6.4% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.720-3.800 EPS. Q3 2025 guidance at 0.910-0.950 EPS. As a group, analysts expect that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Veralto

A number of institutional investors have recently modified their holdings of the business. Brighton Jones LLC increased its position in shares of Veralto by 16.1% in the fourth quarter. Brighton Jones LLC now owns 3,459 shares of the company's stock worth $352,000 after purchasing an additional 479 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Veralto by 6.4% in the fourth quarter. Integrated Wealth Concepts LLC now owns 2,893 shares of the company's stock worth $295,000 after purchasing an additional 173 shares during the period. AQR Capital Management LLC increased its position in shares of Veralto by 21.1% in the fourth quarter. AQR Capital Management LLC now owns 195,218 shares of the company's stock worth $19,883,000 after purchasing an additional 33,986 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of Veralto by 38.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,841 shares of the company's stock worth $1,308,000 after buying an additional 3,553 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Veralto by 2.1% during the 4th quarter. Ameriprise Financial Inc. now owns 172,976 shares of the company's stock worth $17,617,000 after buying an additional 3,495 shares during the last quarter. Institutional investors own 91.28% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Stifel Nicolaus set a $120.00 price objective on shares of Veralto and gave the company a "buy" rating in a research report on Wednesday, July 30th. Robert W. Baird lifted their price objective on shares of Veralto from $106.00 to $112.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Northcoast Research initiated coverage on shares of Veralto in a research report on Tuesday, May 6th. They issued a "buy" rating and a $110.00 price objective on the stock. Wolfe Research raised shares of Veralto from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada boosted their price objective on Veralto from $104.00 to $108.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 30th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Veralto currently has a consensus rating of "Moderate Buy" and a consensus price target of $113.43.

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.

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