Insider Selling: Veralto (NYSE:VLTO) CEO Sells 7,098 Shares of Stock

Veralto Corporation (NYSE:VLTO) CEO Jennifer Honeycutt sold 7,098 shares of the stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $105.00, for a total transaction of $745,290.00. Following the sale, the chief executive officer directly owned 120,060 shares of the company’s stock, valued at approximately $12,606,300. This trade represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jennifer Honeycutt also recently made the following trade(s):

• On Wednesday, July 29th, Jennifer Honeycutt sold 7,097 shares of Veralto stock. The stock was sold at an average price of $101.52, for a total transaction of $720,487.44.

Veralto Price Performance

NYSE VLTO traded down $0.38 on Friday, reaching $104.52. The company had a trading volume of 1,129,271 shares, compared to its average volume of 1,960,320. The stock has a market capitalization of $25.48 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 2.87 and a beta of 0.62. Veralto Corporation has a 12 month low of $80.03 and a 12 month high of $105.75. The company has a quick ratio of 1.61, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. The firm’s 50 day moving average price is $97.38 and its 200 day moving average price is $92.17.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, July 28th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.10. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. Veralto had a return on equity of 34.76% and a net margin of 17.35%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 earnings per share. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. As a group, equities analysts predict that Veralto Corporation will post 4.41 earnings per share for the current year.

Veralto Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, September 30th. Veralto’s dividend payout ratio is currently 13.13%.

Wall Street Analyst Weigh In

VLTO has been the topic of a number of recent research reports. UBS Group upped their price objective on Veralto from $104.00 to $106.00 and gave the company a “neutral” rating in a research report on Monday, October 5th. Wolfe Research reiterated an “outperform” rating and set a $125.00 price objective on shares of Veralto in a research report on Tuesday, September 15th. Robert W. Baird set a $111.00 price target on shares of Veralto in a report on Thursday, July 30th. Citigroup raised their price objective on shares of Veralto from $102.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.60.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. First Trust Advisors LP grew its holdings in Veralto by 31.5% during the 1st quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock worth $543,817,000 after acquiring an additional 1,472,304 shares in the last quarter. Amundi lifted its position in shares of Veralto by 16.3% in the 1st quarter. Amundi now owns 3,797,526 shares of the company’s stock worth $335,785,000 after purchasing an additional 531,478 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Veralto in the 2nd quarter worth approximately $235,200,000. Janus Henderson Group PLC increased its holdings in Veralto by 3.4% during the first quarter. Janus Henderson Group PLC now owns 2,095,393 shares of the company’s stock valued at $185,266,000 after buying an additional 69,578 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Veralto by 16.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,788,026 shares of the company’s stock worth $158,063,000 after buying an additional 252,267 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Veralto Company Profile

Veralto Corporation (NYSE: VLTO) is a global provider of technology, products and services that help customers manage water quality and improve the quality, safety and efficiency of packaged goods. The company serves municipal, industrial, commercial and consumer-facing markets through a portfolio of operating businesses.

Veralto’s Water Quality segment provides instruments, software and services used to test, monitor and treat water and wastewater. Its brands include Hach, Trojan Technologies and ChemTreat, which support applications such as laboratory and field testing, disinfection, water treatment and industrial water management.

The company’s Product Quality & Innovation segment supplies technologies used in product identification, packaging design, color management and quality inspection.