Veralto Co. (NYSE:VLTO) SVP Sells $59,206.50 in Stock

Veralto Co. (NYSE:VLTO) SVP Surekha Trivedi sold 590 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $59,206.50. Following the transaction, the senior vice president now owns 8,470 shares in the company, valued at $849,964.50. This represents a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Veralto Trading Down 0.5 %

Shares of VLTO opened at $99.26 on Friday. The business’s 50-day moving average price is $101.21 and its 200 day moving average price is $105.75. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $24.55 billion, a P/E ratio of 29.72, a P/E/G ratio of 4.24 and a beta of 1.06. Veralto Co. has a 1-year low of $85.70 and a 1-year high of $115.00.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. Analysts expect that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.11 per share. This is an increase from Veralto’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Tuesday, December 31st. Veralto’s payout ratio is 13.17%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VLTO shares. Stifel Nicolaus decreased their price target on Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada decreased their target price on Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Citigroup lowered their target price on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Finally, Jefferies Financial Group assumed coverage on shares of Veralto in a report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price target for the company. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Veralto has an average rating of “Hold” and a consensus price target of $112.55.

Institutional Trading of Veralto

Hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its position in Veralto by 10.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,858 shares of the company’s stock valued at $1,326,000 after buying an additional 1,103 shares during the period. Private Advisor Group LLC grew its stake in Veralto by 0.9% during the 3rd quarter. Private Advisor Group LLC now owns 15,282 shares of the company’s stock valued at $1,709,000 after acquiring an additional 141 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Veralto by 23,720.1% in the 3rd quarter. International Assets Investment Management LLC now owns 106,714 shares of the company’s stock valued at $11,937,000 after purchasing an additional 106,266 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Veralto by 8.3% in the third quarter. Assenagon Asset Management S.A. now owns 12,226 shares of the company’s stock worth $1,368,000 after purchasing an additional 936 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Veralto by 12.1% during the third quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the company’s stock worth $1,555,000 after purchasing an additional 1,500 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

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.