Veralto Co. (NYSE:VLTO - Get Free Report) SVP Melissa Aquino sold 463 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total value of $46,114.80. Following the sale, the senior vice president now directly owns 20,761 shares in the company, valued at $2,067,795.60. The trade was a 2.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Veralto Stock Performance
Shares of Veralto stock opened at $99.77 on Friday. The company has a quick ratio of 1.87, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. Veralto Co. has a twelve month low of $82.90 and a twelve month high of $115.00. The stock has a market cap of $24.67 billion, a price-to-earnings ratio of 29.87, a P/E/G ratio of 4.21 and a beta of 1.06. The company's fifty day moving average is $102.48 and its 200 day moving average is $106.26.
Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. Sell-side analysts forecast that Veralto Co. will post 3.63 EPS for the current year.
Veralto Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were paid a $0.11 dividend. This is a positive change from Veralto's previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.44 annualized dividend and a yield of 0.44%. Veralto's dividend payout ratio (DPR) is 13.17%.
Wall Street Analyst Weigh In
Several brokerages recently commented on VLTO. Royal Bank of Canada dropped their price objective on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus dropped their price objective on Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group began coverage on Veralto in a research note on Thursday, December 12th. They set a "buy" rating and a $125.00 price objective on the stock. Finally, Citigroup dropped their price objective on Veralto from $118.00 to $116.00 and set a "neutral" rating on the stock in a research note on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $112.55.
Read Our Latest Stock Report on VLTO
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of VLTO. Nordea Investment Management AB boosted its holdings in Veralto by 34.6% in the 4th quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock worth $400,928,000 after buying an additional 1,009,170 shares during the period. 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 period. Park Avenue Securities LLC grew its holdings in Veralto by 18.4% in the 4th 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 grew its holdings in Veralto by 6.5% in the 4th quarter. Czech National Bank now owns 53,622 shares of the company's stock worth $5,461,000 after acquiring an additional 3,284 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Veralto by 15.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 14,115 shares of the company's stock valued at $1,438,000 after purchasing an additional 1,889 shares in the last quarter. 91.28% of the stock is owned by institutional investors.
Veralto Company Profile
(
Get Free Report)
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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