Veralto Co. (NYSE:VLTO) SVP Sells $84,750.15 in Stock

Veralto Co. (NYSE:VLTO) SVP Surekha Trivedi sold 753 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $112.55, for a total value of $84,750.15. Following the transaction, the senior vice president now directly owns 11,165 shares in the company, valued at $1,256,620.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, September 3rd, Surekha Trivedi sold 753 shares of Veralto stock. The shares were sold at an average price of $111.10, for a total transaction of $83,658.30.
• On Wednesday, August 21st, Surekha Trivedi sold 7,399 shares of Veralto stock. The shares were sold at an average price of $110.00, for a total transaction of $813,890.00.
• On Thursday, August 1st, Surekha Trivedi sold 753 shares of Veralto stock. The stock was sold at an average price of $106.72, for a total transaction of $80,360.16.

Veralto Stock Performance

Shares of NYSE:VLTO traded up $1.24 during mid-day trading on Wednesday, reaching $111.27. The company had a trading volume of 1,143,092 shares, compared to its average volume of 1,569,288. The firm has a market cap of $27.47 billion and a price-to-earnings ratio of 33.62. Veralto Co. has a one year low of $65.51 and a one year high of $112.77. The company has a current ratio of 1.96, a quick ratio of 1.70 and a debt-to-equity ratio of 1.56. The company’s 50-day moving average price is $108.59 and its 200-day moving average price is $99.98.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.80 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. Veralto had a net margin of 15.60% and a return on equity of 58.82%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.80 earnings per share. As a group, equities research analysts anticipate that Veralto Co. will post 3.45 EPS for the current fiscal year.

Veralto Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, September 27th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Friday, September 27th.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Robert W. Baird increased their target price on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, July 29th. TD Cowen raised their price objective on Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Stifel Nicolaus raised their price target on shares of Veralto from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. UBS Group initiated coverage on shares of Veralto in a research report on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Veralto presently has an average rating of “Moderate Buy” and an average price target of $105.85.

Hedge Funds Weigh In On Veralto

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Veralto by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 27,429,158 shares of the company’s stock worth $2,431,869,000 after buying an additional 1,568,103 shares during the period. Capital International Investors increased its holdings in Veralto by 8.5% in the first quarter. Capital International Investors now owns 7,097,130 shares of the company’s stock valued at $629,232,000 after buying an additional 553,021 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Veralto by 5.0% in the second quarter. Bank of New York Mellon Corp now owns 4,178,777 shares of the company’s stock valued at $398,948,000 after purchasing an additional 200,657 shares during the period. Swedbank AB raised its stake in Veralto by 4.9% in the 2nd quarter. Swedbank AB now owns 2,814,983 shares of the company’s stock valued at $268,746,000 after purchasing an additional 132,105 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Veralto by 33,575.5% during the 4th quarter. Northern Trust Corp now owns 2,520,275 shares of the company’s stock worth $207,318,000 after purchasing an additional 2,512,791 shares during the last quarter. 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.