Key Points
- CEO Jennifer Honeycutt sold 7,098 Veralto shares for approximately $745,290 at an average price of $105.00 under a pre-arranged Rule 10b5-1 plan, reducing her holdings by 5.58% to 120,060 shares.
- Veralto recently reported quarterly revenue of $1.47 billion and EPS of $1.11, exceeding analyst expectations, while revenue increased 7.5% year over year.
- The stock traded near its 52-week high at $104.52, and analysts maintained a “Moderate Buy” consensus with an average price target of $112.60; the company also declared a quarterly dividend of $0.13 per share.
Veralto Corporation (NYSE:VLTO - Get Free Report) CEO Jennifer Honeycutt sold 7,098 shares of the stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $105.00, for a total transaction of $745,290.00. Following the completion of the sale, the chief executive officer owned 120,060 shares of the company's stock, valued at approximately $12,606,300. The trade was a 5.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 Trading Down 0.4%
Shares of Veralto stock opened at $104.52 on Friday. The stock has a market cap of $25.48 billion, a P/E ratio of 26.39, a P/E/G ratio of 2.97 and a beta of 0.62. The stock's 50 day simple moving average is $97.52 and its 200-day simple moving average is $92.25. Veralto Corporation has a 1-year low of $80.03 and a 1-year high of $105.75. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.61.
Veralto (NYSE:VLTO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.10. Veralto had a return on equity of 34.76% and a net margin of 17.35%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business earned $0.93 earnings per share. The business's revenue was up 7.5% compared to the same quarter last year. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. Analysts predict that Veralto Corporation will post 4.41 EPS for the current fiscal year.
Veralto Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.52 dividend on an annualized basis and a yield of 0.5%. Veralto's payout ratio is 13.13%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Highland Investment Advisors LLC purchased a new stake in Veralto in the second quarter valued at approximately $32,000. International Assets Investment Management LLC acquired a new position in Veralto during the first quarter worth $66,000. Root Financial Partners LLC acquired a new position in Veralto during the third quarter worth $79,000. Western Wealth Management LLC purchased a new position in shares of Veralto during the first quarter worth $83,000. Finally, Ascentis Independent Advisors purchased a new position in shares of Veralto during the first quarter worth $96,000. 91.28% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
VLTO has been the subject of a number of recent research reports. Citigroup raised their target price on Veralto from $102.00 to $107.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. Stifel Nicolaus set a $113.00 price target on shares of Veralto in a research report on Monday. Royal Bank Of Canada upped their price objective on shares of Veralto from $100.00 to $109.00 and gave the company a "sector perform" rating in a report on Thursday, July 30th. Wall Street Zen lowered shares of Veralto from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Barclays raised their price objective on shares of Veralto from $113.00 to $117.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $112.60.
Get Our Latest Analysis on Veralto
About Veralto
(
Get Free Report)
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.
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