Veralto Co. (NYSE:VLTO) SVP Sells $57,259.50 in Stock

Veralto Co. (NYSE:VLTO) SVP Surekha Trivedi sold 590 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $97.05, for a total value of $57,259.50. Following the completion of the transaction, the senior vice president now owns 10,011 shares in the company, valued at approximately $971,567.55. This trade represents a 5.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, February 25th, Surekha Trivedi sold 590 shares of Veralto stock. The shares were sold at an average price of $100.35, for a total transaction of $59,206.50.

Veralto Price Performance

NYSE VLTO opened at $88.71 on Friday. The firm has a market cap of $22.00 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. The stock’s 50-day moving average is $98.73 and its two-hundred day moving average is $103.52. Veralto Co. has a fifty-two week low of $86.04 and a fifty-two week high of $115.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share (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%. On average, analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.50%. Veralto’s payout ratio is presently 13.17%.

Hedge Funds Weigh In On Veralto

Several large investors have recently made changes to their positions in VLTO. Bernard Wealth Management Corp. bought a new position in Veralto in the 4th quarter worth approximately $25,000. OFI Invest Asset Management bought a new stake in shares of Veralto in the fourth quarter valued at approximately $26,000. BankPlus Trust Department acquired a new stake in shares of Veralto in the fourth quarter worth $29,000. Albion Financial Group UT increased its position in Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after acquiring an additional 336 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new position in Veralto during the 4th quarter valued at $42,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VLTO. Royal Bank of Canada cut their price objective on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Citigroup reduced their price objective on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Stifel Nicolaus decreased their price objective on shares of Veralto from $116.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Jefferies Financial Group started coverage on shares of Veralto in a research note on Thursday, December 12th. They set a “buy” rating and a $125.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $113.50.

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.