Veralto Co. (NYSE:VLTO - Get Free Report) SVP Surekha Trivedi sold 753 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $112.55, for a total value of $84,750.15. Following the completion of the transaction, the senior vice president now directly owns 11,165 shares of the company's stock, valued at approximately $1,256,620.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Surekha Trivedi also recently made the following trade(s):
- On Tuesday, September 3rd, Surekha Trivedi sold 753 shares of Veralto stock. The stock was sold at an average price of $111.10, for a total value of $83,658.30.
- On Wednesday, August 21st, Surekha Trivedi sold 7,399 shares of Veralto stock. The shares were sold at an average price of $110.00, for a total transaction of $813,890.00.
- On Thursday, August 1st, Surekha Trivedi sold 753 shares of Veralto stock. The stock was sold at an average price of $106.72, for a total transaction of $80,360.16.
Veralto Stock Up 1.1 %
NYSE VLTO opened at $111.27 on Thursday. The company has a quick ratio of 1.70, a current ratio of 1.96 and a debt-to-equity ratio of 1.56. Veralto Co. has a 52 week low of $65.51 and a 52 week high of $112.77. The firm has a market capitalization of $27.47 billion and a price-to-earnings ratio of 33.62. The company has a fifty day moving average of $108.83 and a two-hundred day moving average of $100.06.
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Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.05. Veralto had a net margin of 15.60% and a return on equity of 58.82%. The firm had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the company earned $0.80 EPS. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts predict that Veralto Co. will post 3.45 earnings per share for the current year.
Veralto Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, September 27th. This represents a $0.36 annualized dividend and a dividend yield of 0.32%.
Institutional Investors Weigh In On Veralto
Several large investors have recently added to or reduced their stakes in VLTO. Vanguard Group Inc. raised its holdings in shares of Veralto by 6.1% in the first quarter. Vanguard Group Inc. now owns 27,429,158 shares of the company's stock valued at $2,431,869,000 after acquiring an additional 1,568,103 shares in the last quarter. Capital International Investors grew its stake in Veralto by 8.5% in the first quarter. Capital International Investors now owns 7,097,130 shares of the company's stock valued at $629,232,000 after purchasing an additional 553,021 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Veralto by 5.0% in the second quarter. Bank of New York Mellon Corp now owns 4,178,777 shares of the company's stock valued at $398,948,000 after purchasing an additional 200,657 shares during the last quarter. Swedbank AB raised its holdings in Veralto by 4.9% in the second quarter. Swedbank AB now owns 2,814,983 shares of the company's stock worth $268,746,000 after purchasing an additional 132,105 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Veralto by 33,575.5% during the fourth quarter. Northern Trust Corp now owns 2,520,275 shares of the company's stock valued at $207,318,000 after buying an additional 2,512,791 shares during the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have commented on VLTO shares. Robert W. Baird boosted their price target on shares of Veralto from $98.00 to $112.00 and gave the stock a "neutral" rating in a research note on Monday, July 29th. The Goldman Sachs Group boosted their target price on Veralto from $104.00 to $116.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. TD Cowen raised their price target on Veralto from $95.00 to $100.00 and gave the company a "hold" rating in a report on Tuesday, July 30th. Royal Bank of Canada lifted their price objective on Veralto from $101.00 to $108.00 and gave the stock a "sector perform" rating in a research note on Monday, July 29th. Finally, UBS Group began coverage on Veralto in a research report on Tuesday, August 13th. They set a "neutral" rating and a $118.00 target price for the company. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $105.85.
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Veralto Company Profile
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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.
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