Veralto Co. (NYSE:VLTO - Get Free Report) SVP Melissa Aquino sold 8,041 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $93.56, for a total value of $752,315.96. Following the transaction, the senior vice president now owns 20,761 shares in the company, valued at approximately $1,942,399.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Veralto Stock Up 0.8 %
VLTO opened at $94.91 on Tuesday. The company's 50 day simple moving average is $88.71 and its two-hundred day simple moving average is $80.59. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $95.56. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.83 and a quick ratio of 1.56.
Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.84 EPS for the quarter, beating the consensus estimate 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 revenue was up 1.7% compared to the same quarter last year. Research analysts anticipate that Veralto Co. will post 3.34 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Thursday, March 28th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.36 annualized dividend and a dividend yield of 0.38%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on Veralto from $78.00 to $91.00 and gave the company a "sector perform" rating in a research report on Thursday, February 8th. BNP Paribas began coverage on shares of Veralto in a report on Tuesday, March 12th. They set an "outperform" rating and a $103.00 price objective on the stock. Stifel Nicolaus boosted their target price on shares of Veralto from $92.00 to $97.00 and gave the stock a "buy" rating in a research note on Wednesday, April 17th. The Goldman Sachs Group initiated coverage on shares of Veralto in a research note on Friday, March 22nd. They issued a "buy" rating and a $104.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on Veralto in a report on Wednesday, January 10th. They issued a "hold" rating and a $79.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $95.18.
Read Our Latest Stock Analysis on Veralto
Institutional Investors Weigh In On Veralto
A number of hedge funds have recently modified their holdings of VLTO. Global Retirement Partners LLC raised its stake in Veralto by 3.2% during the first quarter. Global Retirement Partners LLC now owns 3,966 shares of the company's stock worth $352,000 after purchasing an additional 123 shares during the period. Perkins Coie Trust Co increased its holdings in shares of Veralto by 2.7% during the 1st quarter. Perkins Coie Trust Co now owns 6,977 shares of the company's stock worth $618,000 after buying an additional 185 shares during the last quarter. Czech National Bank increased its holdings in shares of Veralto by 0.5% during the 1st quarter. Czech National Bank now owns 38,585 shares of the company's stock worth $3,421,000 after buying an additional 192 shares during the last quarter. Equitable Trust Co. raised its position in shares of Veralto by 4.6% during the 1st quarter. Equitable Trust Co. now owns 4,880 shares of the company's stock valued at $433,000 after buying an additional 213 shares during the period. Finally, Delta Asset Management LLC TN lifted its holdings in Veralto by 216.0% in the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company's stock valued at $26,000 after acquiring an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company's stock.
About Veralto
(
Get Free Report)
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.
Further Reading
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