Surekha Trivedi Sells 752 Shares of Veralto Co. (NYSE:VLTO) Stock

Veralto Co. (NYSE:VLTO - Get Free Report) SVP Surekha Trivedi sold 752 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $102.91, for a total transaction of $77,388.32. Following the sale, the senior vice president now directly owns 10,413 shares in the company, valued at approximately $1,071,601.83. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Surekha Trivedi also recently made the following trade(s):

• On Tuesday, October 1st, Surekha Trivedi sold 753 shares of Veralto stock. The shares were sold at an average price of $112.55, for a total transaction of $84,750.15.
• On Tuesday, September 3rd, Surekha Trivedi sold 753 shares of Veralto stock. The shares were 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.

Veralto Stock Up 0.8 %

VLTO traded up $0.84 during trading hours on Monday, hitting $102.43. 960,865 shares of the company's stock were exchanged, compared to its average volume of 1,545,678. The stock has a market cap of $25.33 billion and a price-to-earnings ratio of 31.48. Veralto Co. has a 1-year low of $67.36 and a 1-year high of $115.00. The stock's 50-day moving average is $110.01 and its two-hundred day moving average is $103.41. The company has a quick ratio of 1.87, a current ratio of 2.13 and a debt-to-equity ratio of 1.35.

Veralto (NYSE:VLTO - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.04. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.30 billion. Veralto had a return on equity of 52.85% and a net margin of 15.69%. Veralto's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. Sell-side analysts predict that Veralto Co. will post 3.48 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, September 27th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend was Friday, September 27th. Veralto's dividend payout ratio (DPR) is 11.11%.

Institutional Investors Weigh In On Veralto

A number of institutional investors and hedge funds have recently made changes to their positions in VLTO. Daiwa Securities Group Inc. raised its position in Veralto by 78.3% during the first quarter. Daiwa Securities Group Inc. now owns 80,657 shares of the company's stock worth $7,151,000 after acquiring an additional 35,433 shares in the last quarter. Cetera Investment Advisers lifted its stake in Veralto by 247.8% in the 1st quarter. Cetera Investment Advisers now owns 48,428 shares of the company's stock valued at $4,294,000 after purchasing an additional 34,505 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Veralto by 19.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 169,101 shares of the company's stock worth $14,952,000 after purchasing an additional 27,891 shares during the period. Seven Eight Capital LP acquired a new position in Veralto during the first quarter worth approximately $1,011,000. Finally, Mediolanum International Funds Ltd bought a new stake in Veralto in the first quarter valued at approximately $2,372,000. Institutional investors own 91.28% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on VLTO shares. The Goldman Sachs Group lifted their price objective on Veralto from $104.00 to $116.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. Robert W. Baird increased their price target on Veralto from $98.00 to $112.00 and gave the stock a "neutral" rating in a report on Monday, July 29th. Stifel Nicolaus lifted their price objective on Veralto from $117.00 to $119.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. BMO Capital Markets raised their target price on shares of Veralto from $117.00 to $119.00 and gave the stock an "outperform" rating in a report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Veralto from $100.00 to $109.00 and gave the stock a "hold" rating in a research report on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $108.27.

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.

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