Veralto Co. (NYSE:VLTO - Get Free Report) SVP Surekha Trivedi sold 590 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $97.05, for a total transaction of $57,259.50. Following the sale, the senior vice president now directly owns 10,011 shares of the company's stock, valued at $971,567.55. This represents a 5.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Surekha Trivedi also recently made the following trade(s):
- On Tuesday, February 25th, Surekha Trivedi sold 590 shares of Veralto stock. The stock was sold at an average price of $100.35, for a total value of $59,206.50.
Veralto Stock Up 1.1 %
Veralto stock opened at $98.72 on Thursday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. The company's 50-day moving average is $99.18 and its 200-day moving average is $103.73. The firm has a market capitalization of $24.49 billion, a PE ratio of 29.56, a P/E/G ratio of 4.24 and a beta of 0.97. Veralto Co. has a fifty-two week low of $85.91 and a fifty-two week high of $115.00.
Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. Sell-side analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current year.
Veralto Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.45%. Veralto's dividend payout ratio (DPR) is 13.17%.
Hedge Funds Weigh In On Veralto
Several large investors have recently modified their holdings of VLTO. Townsquare Capital LLC grew its position in shares of Veralto by 113.4% in the third quarter. Townsquare Capital LLC now owns 4,754 shares of the company's stock valued at $532,000 after purchasing an additional 2,526 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in Veralto by 8.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 5,947 shares of the company's stock valued at $665,000 after purchasing an additional 465 shares during the period. Public Sector Pension Investment Board grew its holdings in Veralto by 119.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 10,834 shares of the company's stock valued at $1,212,000 after buying an additional 5,900 shares in the last quarter. PEAK6 Investments LLC grew its holdings in Veralto by 246.3% in the 3rd quarter. PEAK6 Investments LLC now owns 8,733 shares of the company's stock valued at $977,000 after buying an additional 6,211 shares in the last quarter. Finally, Erste Asset Management GmbH bought a new position in Veralto during the 3rd quarter worth $46,000. 91.28% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on Veralto in a report on Thursday, December 12th. They set a "buy" rating and a $125.00 price objective for the company. Royal Bank of Canada cut their price objective on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 6th. Citigroup decreased their target price on shares of Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a research report on Monday, January 13th. Finally, Stifel Nicolaus reduced their price objective on shares of Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Veralto currently has an average rating of "Hold" and a consensus price target of $113.50.
Get Our Latest Stock Report on VLTO
About Veralto
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
