Veralto Co. (NYSE:VLTO) CEO Sells $1,045,044.90 in Stock

Veralto Co. (NYSE:VLTO) CEO Jennifer Honeycutt sold 10,414 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $100.35, for a total value of $1,045,044.90. Following the transaction, the chief executive officer now owns 104,496 shares in the company, valued at $10,486,173.60. This trade represents a 9.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Veralto Stock Up 0.7 %

Veralto stock opened at $99.83 on Friday. 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. The stock’s fifty day simple moving average is $101.12 and its 200-day simple moving average is $105.70. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. Veralto Co. has a twelve month low of $85.70 and a twelve month high of $115.00.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. As a group, equities analysts expect that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Veralto’s previous quarterly dividend of $0.09. Veralto’s dividend payout ratio is 13.17%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VLTO shares. Royal Bank of Canada decreased their price target on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group started coverage on Veralto in a research note on Thursday, December 12th. They set a “buy” rating and a $125.00 price target on the stock. Stifel Nicolaus decreased their price target on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Citigroup decreased their price target on Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a research note on Monday, January 13th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $112.55.

Hedge Funds Weigh In On Veralto

Large investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new position in Veralto in the third quarter valued at $25,000. Bernard Wealth Management Corp. purchased a new position in Veralto in the fourth quarter valued at $25,000. OFI Invest Asset Management purchased a new position in shares of Veralto during the fourth quarter worth about $26,000. BankPlus Trust Department purchased a new position in shares of Veralto during the fourth quarter worth about $29,000. Finally, Albion Financial Group UT grew its holdings in shares of Veralto by 2,100.0% during the fourth quarter. Albion Financial Group UT now owns 352 shares of the company’s stock worth $36,000 after purchasing an additional 336 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Company Profile

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.