Veralto Co. (NYSE:VLTO) SVP Surekha Trivedi Sells 752 Shares

Veralto Co. (NYSE:VLTO) SVP Surekha Trivedi sold 752 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $102.91, for a total transaction of $77,388.32. Following the completion of the transaction, the senior vice president now owns 10,413 shares in the company, valued at $1,071,601.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, October 1st, Surekha Trivedi sold 753 shares of Veralto stock. The stock was sold at an average price of $112.55, for a total value of $84,750.15.
• 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 value of $83,658.30.
• On Wednesday, August 21st, Surekha Trivedi sold 7,399 shares of Veralto stock. The stock was sold at an average price of $110.00, for a total transaction of $813,890.00.

Veralto Stock Performance

Shares of NYSE:VLTO opened at $102.43 on Tuesday. The firm has a fifty day simple moving average of $109.84 and a two-hundred day simple moving average of $103.51. Veralto Co. has a 52 week low of $67.36 and a 52 week high of $115.00. The company has a quick ratio of 1.87, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $25.33 billion and a P/E ratio of 31.61.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.04. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Veralto had a return on equity of 52.85% and a net margin of 15.69%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. On average, analysts expect that Veralto Co. will post 3.48 earnings per share for the current fiscal year.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, September 27th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 0.35%. Veralto’s payout ratio is presently 11.11%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VLTO. UBS Group started coverage on shares of Veralto in a report on Tuesday, August 13th. They issued a “neutral” rating and a $118.00 target price for the company. Royal Bank of Canada increased their target price on Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. The Goldman Sachs Group boosted their price target on Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Robert W. Baird increased their price objective on shares of Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, July 29th. 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 five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Veralto has an average rating of “Hold” and an average target price of $108.27.

Institutional Investors Weigh In On Veralto

Hedge funds and other institutional investors have recently made changes to their positions in the company. Swedbank AB bought a new position in shares of Veralto during the first quarter valued at approximately $237,864,000. Vanguard Group Inc. grew its position in Veralto by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 27,429,158 shares of the company’s stock valued at $2,431,869,000 after acquiring an additional 1,568,103 shares during the last quarter. Principal Financial Group Inc. increased its stake in Veralto by 207.2% in the third quarter. Principal Financial Group Inc. now owns 1,122,898 shares of the company’s stock worth $125,608,000 after purchasing an additional 757,389 shares during the period. Capital International Investors boosted its stake in shares of Veralto by 8.5% during the first quarter. Capital International Investors now owns 7,097,130 shares of the company’s stock valued at $629,232,000 after purchasing an additional 553,021 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of Veralto by 753.8% in the first quarter. Nordea Investment Management AB now owns 527,040 shares of the company’s stock worth $47,154,000 after purchasing an additional 465,312 shares during the last quarter. 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.