Veralto Co. (NYSE:VLTO) SVP Melissa Aquino Sells 463 Shares

Veralto Co. (NYSE:VLTO) SVP Melissa Aquino sold 463 shares of Veralto stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total value of $46,114.80. Following the sale, the senior vice president now directly owns 20,761 shares in the company, valued at $2,067,795.60. The trade was a 2.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Veralto Stock Down 0.3 %

Shares of VLTO opened at $99.77 on Friday. The firm has a market capitalization of $24.67 billion, a price-to-earnings ratio of 29.87, a PEG ratio of 4.21 and a beta of 1.06. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.87 and a current ratio of 1.92. The business’s fifty day moving average price is $102.48 and its two-hundred day moving average price is $106.26. Veralto Co. has a 52 week low of $82.90 and a 52 week high of $115.00.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Veralto had a return on equity of 49.29% and a net margin of 16.04%. On average, analysts predict that Veralto Co. will post 3.63 earnings per share for the current year.

Veralto Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.44%. This is a positive change from Veralto’s previous quarterly dividend of $0.09. The ex-dividend date was Tuesday, December 31st. Veralto’s dividend payout ratio (DPR) is presently 13.17%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of Veralto in the 3rd quarter valued at $25,000. Bernard Wealth Management Corp. acquired a new position in shares of Veralto in the 4th quarter valued at $25,000. OFI Invest Asset Management acquired a new position in shares of Veralto in the 4th quarter valued at $26,000. BankPlus Trust Department acquired a new position in shares of Veralto in the 4th quarter valued at $29,000. Finally, Raleigh Capital Management Inc. lifted its stake in shares of Veralto by 692.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 309 shares of the company’s stock valued at $35,000 after purchasing an additional 270 shares during the period. 91.28% of the stock is currently owned by institutional investors.

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.