Veralto (NYSE:VLTO) SVP Sells $3,966,536.03 in Stock

Veralto Corporation (NYSE:VLTO) SVP Surekha Trivedi sold 36,427 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $108.89, for a total transaction of $3,966,536.03. Following the completion of the sale, the senior vice president directly owned 8,565 shares of the company’s stock, valued at $932,642.85. This represents a 80.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 17th, Surekha Trivedi sold 986 shares of Veralto stock. The shares were sold at an average price of $97.05, for a total transaction of $95,691.30.

Veralto Stock Down 0.3%

Veralto stock opened at $116.66 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.61 and a debt-to-equity ratio of 0.83. Veralto Corporation has a 1-year low of $80.03 and a 1-year high of $119.03. The firm’s fifty day simple moving average is $99.63 and its 200-day simple moving average is $93.41. The company has a market capitalization of $28.36 billion, a P/E ratio of 28.88, a P/E/G ratio of 3.24 and a beta of 0.51.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.09. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Veralto had a net margin of 17.27% and a return on equity of 35.08%. Veralto’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. Sell-side analysts forecast that Veralto Corporation will post 4.51 earnings per share for the current fiscal year.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.4%. Veralto’s payout ratio is currently 12.87%.

Key Stories Impacting Veralto

Here are the key news stories impacting Veralto this week:

• Positive Sentiment: Barclays reiterated its Buy-equivalent Overweight rating and raised its price target to $129 from $117, indicating potential upside in the firm’s view. Barclays rating
• Positive Sentiment: Veralto’s latest reported quarter beat analyst expectations for earnings and revenue: EPS was $1.18 versus $1.09 expected, while revenue reached $1.51 billion and grew 7.5% year over year. Quarterly results
• Neutral Sentiment: Citigroup and RBC also raised their price targets, to $120 and $121, respectively, but kept neutral or sector-perform ratings—more cautious than Barclays. Citigroup rating RBC rating
• Negative Sentiment: Multiple executives reported selling shares: SVP Mattias Byström sold 9,069 shares, CAO Bernard Skeete sold 1,514, and SVP Surekha Trivedi sold 36,427, reducing her holdings by about 81%. Trivedi’s sale was made under a pre-arranged trading plan; insider sales can nevertheless weigh on sentiment. Byström filing Skeete filing Trivedi filing

Analysts Set New Price Targets

A number of research analysts have recently commented on VLTO shares. Citigroup increased their price objective on Veralto from $107.00 to $120.00 and gave the company a “neutral” rating in a report on Monday. Wall Street Zen lowered Veralto from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. UBS Group upped their target price on Veralto from $104.00 to $106.00 and gave the stock a “neutral” rating in a research report on Monday, October 5th. Robert W. Baird set a $111.00 target price on Veralto in a research report on Thursday, July 30th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $135.00 price target on shares of Veralto in a report on Friday, October 30th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Veralto currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.70.

Institutional Investors Weigh In On Veralto

A number of hedge funds have recently bought and sold shares of VLTO. MGO One Seven LLC increased its position in Veralto by 3.2% in the 3rd quarter. MGO One Seven LLC now owns 3,477 shares of the company’s stock valued at $328,000 after acquiring an additional 107 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Veralto by 5.0% during the second quarter. Valeo Financial Advisors LLC now owns 2,751 shares of the company’s stock worth $244,000 after purchasing an additional 131 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Veralto by 1.2% during the third quarter. Quadrant Capital Group LLC now owns 12,100 shares of the company’s stock valued at $1,198,000 after purchasing an additional 141 shares during the last quarter. Nolet Wealth Management LLC grew its stake in shares of Veralto by 1.0% during the second quarter. Nolet Wealth Management LLC now owns 15,277 shares of the company’s stock valued at $1,355,000 after purchasing an additional 146 shares during the last quarter. Finally, North Dakota State Investment Board increased its holdings in shares of Veralto by 2.0% in the third quarter. North Dakota State Investment Board now owns 7,517 shares of the company’s stock valued at $709,000 after purchasing an additional 150 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors.

Veralto Company Profile

Veralto Corporation (NYSE: VLTO) is a global provider of technology, products and services that help customers manage water quality and improve the quality, safety and efficiency of packaged goods. The company serves municipal, industrial, commercial and consumer-facing markets through a portfolio of operating businesses.

Veralto’s Water Quality segment provides instruments, software and services used to test, monitor and treat water and wastewater. Its brands include Hach, Trojan Technologies and ChemTreat, which support applications such as laboratory and field testing, disinfection, water treatment and industrial water management.

The company’s Product Quality & Innovation segment supplies technologies used in product identification, packaging design, color management and quality inspection.