Veralto Co. (NYSE:VLTO) SVP Melissa Aquino Sells 8,041 Shares

Veralto Co. (NYSE:VLTO) SVP Melissa Aquino sold 8,041 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $93.56, for a total value of $752,315.96. Following the completion of the transaction, the senior vice president now directly owns 20,761 shares of the company’s stock, valued at approximately $1,942,399.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Veralto Stock Down 1.3 %

Shares of VLTO stock opened at $93.64 on Wednesday. The business’s 50 day simple moving average is $88.86 and its 200 day simple moving average is $80.74. Veralto Co. has a one year low of $65.51 and a one year high of $95.56. The company has a current ratio of 1.83, a quick ratio of 1.56 and a debt-to-equity ratio of 1.76.

Veralto (NYSE:VLTO) last announced its earnings results on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. The company’s revenue was up 1.7% compared to the same quarter last year. As a group, equities analysts anticipate that Veralto Co. will post 3.34 earnings per share for the current fiscal year.

Veralto Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Wednesday, March 27th.

Hedge Funds Weigh In On Veralto

Several institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its stake in Veralto by 3.2% in the first quarter. Global Retirement Partners LLC now owns 3,966 shares of the company’s stock valued at $352,000 after buying an additional 123 shares during the period. Perkins Coie Trust Co lifted its stake in Veralto by 2.7% in the first quarter. Perkins Coie Trust Co now owns 6,977 shares of the company’s stock valued at $618,000 after buying an additional 185 shares during the period. Czech National Bank lifted its stake in Veralto by 0.5% in the first quarter. Czech National Bank now owns 38,585 shares of the company’s stock valued at $3,421,000 after buying an additional 192 shares during the period. Equitable Trust Co. lifted its stake in Veralto by 4.6% in the first quarter. Equitable Trust Co. now owns 4,880 shares of the company’s stock valued at $433,000 after buying an additional 213 shares during the period. Finally, Delta Asset Management LLC TN lifted its stake in Veralto by 216.0% in the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock valued at $26,000 after buying an additional 216 shares during the period. 91.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Veralto in a research note on Wednesday, January 10th. They issued a “hold” rating and a $79.00 price target for the company. Argus assumed coverage on Veralto in a research note on Tuesday, January 9th. They set a “buy” rating and a $90.00 target price for the company. BMO Capital Markets boosted their target price on Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Robert W. Baird boosted their target price on Veralto from $90.00 to $98.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Citigroup boosted their target price on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.18.

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.