Veralto Co. (NYSE:VLTO) SVP Sells $752,315.96 in Stock

Veralto Co. (NYSE:VLTO) SVP Melissa Aquino sold 8,041 shares of Veralto stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $93.56, for a total transaction of $752,315.96. Following the sale, the senior vice president now owns 20,761 shares of the company’s stock, valued at $1,942,399.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Veralto Stock Performance

NYSE VLTO opened at $94.38 on Thursday. The firm’s 50-day moving average is $89.04 and its two-hundred day moving average is $80.84. Veralto Co. has a 12 month low of $65.51 and a 12 month high of $95.56. The company has a quick ratio of 1.56, a current ratio of 1.83 and a debt-to-equity ratio of 1.76.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, research analysts anticipate that Veralto Co. will post 3.34 earnings per share for the current fiscal year.

Veralto Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Thursday, March 28th were given a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.36 dividend on an annualized basis and a yield of 0.38%.

Analyst Ratings Changes

Several analysts have commented on the stock. BNP Paribas assumed coverage on shares of Veralto in a research note on Tuesday, March 12th. They set an “outperform” rating and a $103.00 price objective for the company. BMO Capital Markets lifted their price objective on shares of Veralto from $97.00 to $101.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Argus assumed coverage on shares of Veralto in a research note on Tuesday, January 9th. They set a “buy” rating and a $90.00 price objective for the company. Royal Bank of Canada lifted their price objective on shares of Veralto from $78.00 to $91.00 and gave the company a “sector perform” rating in a research note on Thursday, February 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Veralto in a research note on Wednesday, January 10th. They issued a “hold” rating and a $79.00 target price for the company. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.18.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Sugarloaf Wealth Management LLC acquired a new stake in shares of Veralto during the fourth quarter worth about $25,000. Blue Trust Inc. acquired a new stake in shares of Veralto during the fourth quarter worth about $26,000. First Command Advisory Services Inc. acquired a new stake in shares of Veralto during the fourth quarter worth about $25,000. Delta Asset Management LLC TN lifted its position in shares of Veralto by 216.0% during the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock worth $26,000 after purchasing an additional 216 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Veralto during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

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.