Veralto Co. (NYSE:VLTO) SVP Surekha Trivedi Sells 753 Shares

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

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

• On Tuesday, September 3rd, Surekha Trivedi sold 753 shares of Veralto stock. The stock was 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 stock was 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 Trading Up 0.0 %

NYSE:VLTO opened at $111.31 on Friday. The company has a 50-day moving average price of $109.06 and a 200-day moving average price of $100.14. Veralto Co. has a 12 month low of $65.51 and a 12 month 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 stock has a market cap of $27.48 billion and a price-to-earnings ratio of 33.62.

Veralto (NYSE:VLTO) last posted its 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 during the quarter, compared to analysts’ expectations of $1.28 billion. Veralto had a net margin of 15.60% and a return on equity of 58.82%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.80 EPS. Equities analysts predict that Veralto Co. will post 3.45 EPS for the current year.

Veralto Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently commented on VLTO. TD Cowen increased their price target on shares of Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a report on Tuesday, July 30th. Stifel Nicolaus upped their price objective on shares of Veralto from $110.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, July 29th. The Goldman Sachs Group upped their price objective on shares of Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a research note on Monday, July 29th. BMO Capital Markets upped their price objective on shares of Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a research note on Monday. Finally, UBS Group began coverage on shares of Veralto in a research report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target for the company. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Veralto currently has a consensus rating of “Hold” and an average price target of $105.67.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund increased its stake in shares of Veralto by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,861 shares of the company’s stock worth $1,801,000 after acquiring an additional 100 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Veralto by 2.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,406 shares of the company’s stock valued at $516,000 after purchasing an additional 142 shares in the last quarter. Perkins Coie Trust Co increased its stake in Veralto by 2.2% during the 2nd quarter. Perkins Coie Trust Co now owns 7,128 shares of the company’s stock valued at $680,000 after purchasing an additional 151 shares in the last quarter. Graypoint LLC increased its stake in Veralto by 3.8% during the 2nd quarter. Graypoint LLC now owns 4,407 shares of the company’s stock valued at $421,000 after purchasing an additional 160 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in Veralto by 5.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,533 shares of the company’s stock valued at $337,000 after purchasing an additional 168 shares in the last quarter. 91.28% of the stock is currently owned by 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.