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

Veralto Co. (NYSE:VLTO) SVP Surekha Trivedi sold 752 shares of Veralto stock in a transaction on Friday, November 1st. The shares were sold at an average price of $102.91, for a total value of $77,388.32. Following the completion of the transaction, the senior vice president now owns 10,413 shares of the company’s stock, valued at approximately $1,071,601.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, October 1st, Surekha Trivedi sold 753 shares of Veralto stock. The shares were 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 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.

Veralto Trading Up 0.8 %

VLTO stock opened at $102.43 on Tuesday. The company has a market capitalization of $25.33 billion and a PE ratio of 31.61. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.87 and a current ratio of 2.13. Veralto Co. has a one year low of $67.36 and a one year high of $115.00. The company’s 50 day moving average price is $109.84 and its two-hundred day moving average price is $103.51.

Veralto (NYSE:VLTO) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.04. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. Veralto had a net margin of 15.69% and a return on equity of 52.85%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. As a group, analysts predict that Veralto Co. will post 3.48 earnings per share for the current fiscal year.

Veralto Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VLTO. Ashton Thomas Securities LLC bought a new position in shares of Veralto during the third quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new stake in Veralto in the second quarter worth $26,000. LRI Investments LLC bought a new stake in Veralto in the first quarter valued at $30,000. Fairscale Capital LLC purchased a new position in Veralto during the 2nd quarter valued at $30,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in Veralto by 11,100.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 336 shares of the company’s stock worth $32,000 after purchasing an additional 333 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on VLTO shares. Royal Bank of Canada upped their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Robert W. Baird raised their price target on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Stifel Nicolaus boosted their price objective on Veralto from $117.00 to $119.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. The Goldman Sachs Group raised their target price 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. Finally, UBS Group started coverage on shares of Veralto in a research report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Veralto presently has a consensus rating of “Hold” and an average target price of $108.27.

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.