Veralto Co. (NYSE:VLTO) SVP Surekha Trivedi Sells 590 Shares

Veralto Co. (NYSE:VLTO - Get Free Report) SVP Surekha Trivedi sold 590 shares of Veralto stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $59,206.50. Following the transaction, the senior vice president now owns 8,470 shares of the company's stock, valued at $849,964.50. This represents a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Veralto Trading Up 0.7 %

Shares of NYSE VLTO traded up $0.67 during trading on Friday, hitting $99.83. 1,947,750 shares of the company traded hands, compared to its average volume of 1,485,699. The company has a 50-day moving average price of $101.12 and a 200-day moving average price of $105.67. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. Veralto Co. has a 1 year low of $85.70 and a 1 year high of $115.00. The firm has a market capitalization of $24.71 billion, a P/E ratio of 29.89, a P/E/G ratio of 4.24 and a beta of 1.06.

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 net margin of 16.04% and a return on equity of 49.29%. On average, equities analysts predict that Veralto Co. will post 3.66 EPS for the current year.

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Veralto Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.44%. This is a boost from Veralto's previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Tuesday, December 31st. Veralto's dividend payout ratio is 13.17%.

Institutional Trading of Veralto

Institutional investors have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Veralto in the 4th quarter worth $24,834,000. Bernard Wealth Management Corp. acquired a new position in Veralto in the 4th quarter worth $30,000. Putney Financial Group LLC acquired a new position in Veralto in the 4th quarter worth $60,000. Mackenzie Financial Corp lifted its holdings in Veralto by 19.9% in the 4th quarter. Mackenzie Financial Corp now owns 23,097 shares of the company's stock worth $2,352,000 after buying an additional 3,831 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in Veralto by 223.9% in the 4th quarter. Toronto Dominion Bank now owns 400,225 shares of the company's stock worth $40,762,000 after buying an additional 276,666 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on VLTO. Jefferies Financial Group began coverage on shares of Veralto in a research note on Thursday, December 12th. They issued a "buy" rating and a $125.00 target price for the company. Royal Bank of Canada lowered their target price 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. Stifel Nicolaus lowered their target price 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. Finally, Citigroup lowered their target price on shares of Veralto from $118.00 to $116.00 and set a "neutral" rating for the company in a research note on Monday, January 13th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.