Veralto Co. (NYSE:VLTO) SVP Sells $752,315.96 in Stock

Veralto Co. (NYSE:VLTO) SVP Melissa Aquino sold 8,041 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $93.56, for a total value of $752,315.96. Following the transaction, the senior vice president now owns 20,761 shares in the company, valued at $1,942,399.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Veralto Stock Up 0.7 %

Shares of NYSE VLTO opened at $94.38 on Thursday. Veralto Co. has a one year low of $65.51 and a one year high of $95.56. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.56 and a current ratio of 1.83. The business has a 50-day moving average price of $89.04 and a two-hundred day moving average price of $80.84.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. The business’s revenue was up 1.7% on a year-over-year basis. As a group, equities analysts expect that Veralto Co. will post 3.34 earnings per share for the current year.

Veralto Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently issued reports on VLTO. BMO Capital Markets raised their price objective on Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft began coverage on Veralto in a research note on Wednesday, January 10th. They set a “hold” rating and a $79.00 price objective on the stock. Argus initiated coverage on Veralto in a research note on Tuesday, January 9th. They set a “buy” rating and a $90.00 price objective on the stock. Citigroup increased their target price on Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Finally, The Goldman Sachs Group initiated coverage on Veralto in a research report on Friday, March 22nd. They issued a “buy” rating and a $104.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.18.

Institutional Investors Weigh In On Veralto

Several institutional investors have recently made changes to their positions in VLTO. Sugarloaf Wealth Management LLC acquired a new stake in shares of Veralto during the 4th quarter valued at about $25,000. First Command Advisory Services Inc. acquired a new stake in shares of Veralto during the 4th quarter valued at about $25,000. Blue Trust Inc. acquired a new stake in shares of Veralto during the 4th quarter valued at about $26,000. Delta Asset Management LLC TN lifted its holdings in shares of Veralto by 216.0% during the 4th 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 last quarter. Finally, Dougherty Wealth Advisers LLC acquired a new stake in shares of Veralto during the 4th quarter valued at about $27,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.

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.