Insider Selling: Veralto Co. (NYSE:VLTO) SVP Sells 463 Shares of Stock

Veralto Co. (NYSE:VLTO - Get Free Report) SVP Melissa Aquino sold 463 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $99.60, for a total value of $46,114.80. Following the completion of the transaction, the senior vice president now owns 20,761 shares of the company's stock, valued at $2,067,795.60. The trade was a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Veralto Trading Down 1.7 %

VLTO traded down $1.71 during midday trading on Monday, reaching $98.04. 974,491 shares of the company's stock traded hands, compared to its average volume of 1,436,270. Veralto Co. has a 52 week low of $83.34 and a 52 week high of $115.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.87. The firm has a fifty day moving average of $102.20 and a two-hundred day moving average of $106.16. The stock has a market capitalization of $24.25 billion, a price-to-earnings ratio of 29.35, a P/E/G ratio of 4.21 and a beta of 1.06.

Veralto (NYSE:VLTO - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating 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%. On average, equities analysts anticipate that Veralto Co. will post 3.63 earnings per share for the current fiscal year.

Veralto Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.11 per share. 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 dividend on an annualized basis and a dividend yield of 0.45%. Veralto's payout ratio is presently 13.17%.

Hedge Funds Weigh In On Veralto

Hedge funds and other institutional investors have recently modified their holdings of the stock. PEAK6 Investments LLC grew its holdings in shares of Veralto by 246.3% during the 3rd quarter. PEAK6 Investments LLC now owns 8,733 shares of the company's stock worth $977,000 after acquiring an additional 6,211 shares during the period. Nordea Investment Management AB boosted its position in shares of Veralto by 34.6% during the fourth quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company's stock valued at $400,928,000 after purchasing an additional 1,009,170 shares in the last quarter. Park Avenue Securities LLC grew its stake in Veralto by 18.4% in the fourth quarter. Park Avenue Securities LLC now owns 17,228 shares of the company's stock worth $1,755,000 after purchasing an additional 2,676 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Veralto by 10.2% in the third quarter. The Manufacturers Life Insurance Company now owns 163,227 shares of the company's stock worth $18,259,000 after purchasing an additional 15,048 shares in the last quarter. Finally, Czech National Bank lifted its position in Veralto by 6.5% during the fourth quarter. Czech National Bank now owns 53,622 shares of the company's stock valued at $5,461,000 after buying an additional 3,284 shares during the period. Hedge funds and other institutional investors own 91.28% of the company's stock.

Analyst Ratings Changes

VLTO has been the topic of several research reports. Stifel Nicolaus decreased their price target on shares of Veralto from $116.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada lowered their price target on shares of Veralto from $111.00 to $110.00 and set a "sector perform" rating for the company in a research note on Thursday, February 6th. Citigroup reduced 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. Finally, Jefferies Financial Group assumed coverage on Veralto in a research note on Thursday, December 12th. They issued a "buy" rating and a $125.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Veralto currently has an average rating of "Hold" and a consensus price target of $112.55.

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.