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

Veralto Co. (NYSE:VLTO) SVP Surekha Trivedi sold 590 shares of the stock in a transaction 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 completion of the sale, the senior vice president now owns 8,470 shares of the company’s stock, valued at approximately $849,964.50. This represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Veralto Price Performance

NYSE:VLTO opened at $99.70 on Thursday. Veralto Co. has a 52 week low of $85.70 and a 52 week high of $115.00. The firm has a market cap of $24.66 billion, a price-to-earnings ratio of 29.85, a P/E/G ratio of 4.24 and a beta of 1.06. The firm’s 50-day simple moving average is $101.25 and its 200 day simple moving average is $105.80. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 1.92.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. As a group, sell-side analysts predict that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.44%. This is a positive change from Veralto’s previous quarterly dividend of $0.09. The ex-dividend date was Tuesday, December 31st. Veralto’s dividend payout ratio (DPR) is currently 13.17%.

Hedge Funds Weigh In On Veralto

A number of hedge funds have recently bought and sold shares of VLTO. Allspring Global Investments Holdings LLC increased its holdings in Veralto by 10.3% in the 3rd 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 increased its holdings in Veralto by 0.9% in the 3rd quarter. Private Advisor Group LLC now owns 15,282 shares of the company’s stock valued at $1,709,000 after buying an additional 141 shares during the period. International Assets Investment Management LLC increased its holdings in 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 buying an additional 106,266 shares during the period. Assenagon Asset Management S.A. increased its holdings in Veralto by 8.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 12,226 shares of the company’s stock valued at $1,368,000 after buying an additional 936 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in Veralto by 12.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the company’s stock valued at $1,555,000 after buying an additional 1,500 shares during the period. 91.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.