Insider Selling: Veralto Co. (NYSE:VLTO) SVP Sells 590 Shares of Stock

Veralto Co. (NYSE:VLTO) SVP Surekha Trivedi sold 590 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 10,011 shares of the company’s stock, valued at $971,567.55. This represents a 5.57 % decrease in their position. The sale 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, February 25th, Surekha Trivedi sold 590 shares of Veralto stock. The shares were sold at an average price of $100.35, for a total value of $59,206.50.

Veralto Stock Down 5.5 %

Shares of VLTO opened at $88.71 on Friday. The business’s 50 day simple moving average is $98.73 and its 200-day simple moving average is $103.52. Veralto Co. has a one year low of $86.04 and a one year high of $115.00. The company has a market capitalization of $22.00 billion, a P/E ratio of 26.56, a PEG ratio of 4.24 and a beta of 0.97. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. As a group, sell-side analysts predict that Veralto Co. will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

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

Wall Street Analyst Weigh In

VLTO has been the topic of several analyst reports. Stifel Nicolaus lowered their price target on shares of Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada dropped 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 report on Thursday, February 6th. Jefferies Financial Group assumed coverage on Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, Citigroup dropped their target price on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $113.50.

Hedge Funds Weigh In On Veralto

Institutional investors have recently modified their holdings of the stock. PEAK6 Investments LLC raised its position in Veralto by 246.3% in the 3rd quarter. PEAK6 Investments LLC now owns 8,733 shares of the company’s stock worth $977,000 after purchasing an additional 6,211 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Veralto by 34.6% in the 4th quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company’s stock valued at $400,928,000 after buying an additional 1,009,170 shares during the period. Park Avenue Securities LLC raised its position in shares of Veralto by 18.4% during the fourth quarter. Park Avenue Securities LLC now owns 17,228 shares of the company’s stock worth $1,755,000 after acquiring an additional 2,676 shares during the last quarter. Czech National Bank lifted its stake in shares of Veralto by 6.5% during the fourth quarter. Czech National Bank now owns 53,622 shares of the company’s stock valued at $5,461,000 after acquiring an additional 3,284 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Veralto by 15.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 14,115 shares of the company’s stock valued at $1,438,000 after acquiring an additional 1,889 shares during the last quarter. 91.28% of the stock is 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.