Insider Selling: Veralto Co. (NYSE:VLTO) SVP Sells 590 Shares of Stock

Veralto Co. (NYSE:VLTO - Get Free Report) SVP Surekha Trivedi sold 590 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $97.05, for a total value of $57,259.50. Following the completion of the sale, the senior vice president now owns 10,011 shares of the company's stock, valued at $971,567.55. This trade represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $100.35, for a total value of $59,206.50.

Veralto Trading Down 1.9 %

Veralto stock traded down $1.68 during midday trading on Monday, reaching $87.14. 2,395,182 shares of the stock traded hands, compared to its average volume of 1,502,086. The firm has a market cap of $21.62 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 4.24 and a beta of 0.97. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. The company has a 50-day simple moving average of $98.41 and a two-hundred day simple moving average of $103.29. Veralto Co. has a 12-month low of $84.37 and a 12-month high of $115.00.

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 analysts' consensus estimates of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. Research analysts expect that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Monday, March 31st. Veralto's payout ratio is currently 13.17%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bernard Wealth Management Corp. acquired a new position in shares of Veralto during the fourth quarter worth about $25,000. OFI Invest Asset Management purchased a new position in Veralto in the fourth quarter worth approximately $26,000. BankPlus Trust Department acquired a new position in Veralto during the 4th quarter worth approximately $29,000. Albion Financial Group UT increased its position in shares of Veralto by 2,100.0% in the 4th quarter. Albion Financial Group UT now owns 352 shares of the company's stock valued at $36,000 after purchasing an additional 336 shares during the last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Veralto in the 4th quarter valued at $42,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VLTO has been the topic of several analyst reports. Royal Bank of Canada reduced their price target on Veralto from $111.00 to $110.00 and set a "sector perform" rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group began coverage on shares of Veralto in a report on Thursday, December 12th. They issued a "buy" rating and a $125.00 target price on the stock. Citigroup cut their price target on shares of Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a report on Monday, January 13th. Finally, Stifel Nicolaus lowered their price objective on Veralto from $116.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $113.50.

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.