Veralto (NYSE:VLTO) SVP Sells $101,730.00 in Stock

Veralto Corporation (NYSE:VLTO) SVP Mattias Bystrom sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $101.73, for a total value of $101,730.00. Following the transaction, the senior vice president owned 31,430 shares of the company’s stock, valued at approximately $3,197,373.90. The trade was a 3.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Veralto Stock Performance

NYSE VLTO opened at $102.88 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.57 and a quick ratio of 1.40. Veralto Corporation has a 1-year low of $83.86 and a 1-year high of $110.11. The business has a 50 day simple moving average of $101.67 and a two-hundred day simple moving average of $102.92. The stock has a market capitalization of $25.55 billion, a PE ratio of 28.19, a P/E/G ratio of 3.19 and a beta of 0.87.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the company earned $0.89 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS and its Q4 2025 guidance at 0.950-0.980 EPS. On average, research analysts predict that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, September 30th were issued a $0.11 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.4%. Veralto’s payout ratio is 12.05%.

Institutional Investors Weigh In On Veralto

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in Veralto by 13.1% in the first quarter. Royal Bank of Canada now owns 1,177,453 shares of the company’s stock worth $114,741,000 after purchasing an additional 136,708 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Veralto by 28.0% in the 1st quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock worth $607,656,000 after purchasing an additional 1,363,502 shares in the last quarter. Defender Capital LLC. grew its stake in Veralto by 9.2% during the 2nd quarter. Defender Capital LLC. now owns 172,870 shares of the company’s stock worth $17,451,000 after buying an additional 14,586 shares during the last quarter. Foresight Group Ltd Liability Partnership purchased a new position in Veralto during the 1st quarter worth $14,162,000. Finally, Vise Technologies Inc. acquired a new position in Veralto during the 2nd quarter valued at about $597,000. Institutional investors own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VLTO shares. Weiss Ratings raised shares of Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Barclays raised their price target on shares of Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. UBS Group raised their price objective on Veralto from $110.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Citigroup lowered their target price on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Finally, Royal Bank Of Canada lifted their price objective on Veralto from $108.00 to $111.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.11.

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.