Veralto Co. (NYSE:VLTO) SVP Sells $317,670.00 in Stock

Veralto Co. (NYSE:VLTO) SVP Mattias Bystrom sold 3,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $105.89, for a total value of $317,670.00. Following the sale, the senior vice president now owns 31,045 shares of the company’s stock, valued at approximately $3,287,355.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mattias Bystrom also recently made the following trade(s):

• On Thursday, May 23rd, Mattias Bystrom sold 302 shares of Veralto stock. The stock was sold at an average price of $100.38, for a total transaction of $30,314.76.

Veralto Stock Performance

Shares of VLTO traded down $0.50 during midday trading on Wednesday, hitting $106.56. 1,486,063 shares of the stock traded hands, compared to its average volume of 1,586,649. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $107.86. The firm has a market capitalization of $26.33 billion and a PE ratio of 31.75. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.56 and a current ratio of 1.83. The business’s 50 day moving average price is $99.27 and its two-hundred day moving average price is $91.62.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.05. Veralto had a net margin of 15.60% and a return on equity of 62.93%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities research analysts predict that Veralto Co. will post 3.43 EPS for the current fiscal year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.36 annualized dividend and a yield of 0.34%.

Institutional Investors Weigh In On Veralto

Several large investors have recently made changes to their positions in VLTO. Global Retirement Partners LLC raised its stake in shares of Veralto by 3.2% in the first quarter. Global Retirement Partners LLC now owns 3,966 shares of the company’s stock valued at $352,000 after purchasing an additional 123 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Veralto by 2.7% in the second quarter. Sequoia Financial Advisors LLC now owns 5,406 shares of the company’s stock valued at $516,000 after acquiring an additional 142 shares during the last quarter. Perkins Coie Trust Co boosted its holdings in Veralto by 2.2% in the second quarter. Perkins Coie Trust Co now owns 7,128 shares of the company’s stock valued at $680,000 after acquiring an additional 151 shares during the last quarter. Graypoint LLC lifted its stake in Veralto by 3.8% in the second quarter. Graypoint LLC now owns 4,407 shares of the company’s stock valued at $421,000 after buying an additional 160 shares during the period. Finally, Valeo Financial Advisors LLC lifted its stake in Veralto by 5.0% in the second quarter. Valeo Financial Advisors LLC now owns 3,533 shares of the company’s stock valued at $337,000 after buying an additional 168 shares during the period. Institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VLTO. TD Cowen lifted their target price on shares of Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research report on Tuesday. Citigroup upped their target price on shares of Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. The Goldman Sachs Group upped their target price on shares of Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a report on Monday. Finally, Robert W. Baird upped their target price on shares of Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a report on Monday. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.33.

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.