Veralto Corporation (NYSE:VLTO - Get Free Report) CEO Jennifer Honeycutt sold 7,097 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total value of $720,487.44. Following the transaction, the chief executive officer directly owned 124,085 shares in the company, valued at $12,597,109.20. The trade was a 5.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jennifer Honeycutt also recently made the following trade(s):
- On Friday, July 17th, Jennifer Honeycutt sold 7,097 shares of Veralto stock. The stock was sold at an average price of $95.00, for a total value of $674,215.00.
Veralto Stock Performance
NYSE VLTO opened at $94.34 on Friday. The company has a market cap of $23.00 billion, a P/E ratio of 23.82, a PEG ratio of 2.57 and a beta of 0.63. The company has a fifty day simple moving average of $88.62 and a 200 day simple moving average of $90.90. The company has a current ratio of 1.78, a quick ratio of 1.32 and a debt-to-equity ratio of 0.86. Veralto Corporation has a 12-month low of $80.03 and a 12-month high of $110.11.
Veralto (NYSE:VLTO - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.10. Veralto had a net margin of 17.35% and a return on equity of 34.76%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The business's revenue was up 7.5% on a year-over-year basis. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. Sell-side analysts predict that Veralto Corporation will post 4.41 earnings per share for the current fiscal year.
Veralto Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. Veralto's payout ratio is presently 13.13%.
Analyst Ratings Changes
VLTO has been the topic of a number of analyst reports. Royal Bank Of Canada upped their target price on shares of Veralto from $100.00 to $109.00 and gave the stock a "sector perform" rating in a report on Thursday. Citigroup lifted their price target on Veralto from $102.00 to $107.00 and gave the company a "neutral" rating in a research note on Thursday. Weiss Ratings reissued a "hold (c)" rating on shares of Veralto in a report on Wednesday, June 24th. Robert W. Baird set a $111.00 price objective on Veralto in a research note on Thursday. Finally, BNP Paribas Exane restated an "outperform" rating and issued a $120.00 target price (up from $115.00) on shares of Veralto in a report on Thursday. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Veralto currently has an average rating of "Moderate Buy" and an average price target of $110.90.
View Our Latest Report on Veralto
Hedge Funds Weigh In On Veralto
Hedge funds have recently modified their holdings of the company. Azzad Asset Management Inc. ADV lifted its position in shares of Veralto by 0.7% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 15,098 shares of the company's stock worth $1,506,000 after buying an additional 99 shares in the last quarter. Creative Capital Management Investments LLC grew its holdings in shares of Veralto by 45.9% in the fourth quarter. Creative Capital Management Investments LLC now owns 340 shares of the company's stock valued at $34,000 after acquiring an additional 107 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Veralto by 0.7% during the third quarter. Private Advisor Group LLC now owns 15,777 shares of the company's stock valued at $1,682,000 after acquiring an additional 109 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Veralto by 18.9% during the third quarter. Larson Financial Group LLC now owns 735 shares of the company's stock valued at $78,000 after acquiring an additional 117 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Veralto by 82.2% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company's stock worth $29,000 after acquiring an additional 129 shares during the period. Institutional investors own 91.28% of the company's stock.
Veralto Company Profile
(
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. This segment provides water solutions, including chemical reagents, services, and digital solutions.
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