Veralto (NYSE:VLTO) Stock: Insider Mattias Bystrom Sells 9,069 Shares

Key Points

  • Veralto SVP Mattias Byström sold 9,069 shares at an average $116.30 each, totaling about $1.05 million. After the sale, he directly owned 35,536 shares, a 20.33% reduction in his holdings.
  • Veralto’s latest quarter beat estimates, reporting EPS of $1.18 versus $1.09 expected and revenue of $1.51 billion, up 7.5% year over year.
  • Analyst sentiment is broadly positive: seven analysts rate the stock Buy, three Hold, and the consensus price target is $120.70; several firms recently raised targets, while multiple executives reported share sales.

Veralto Corporation (NYSE:VLTO - Get Free Report) SVP Mattias Byström sold 9,069 shares of Veralto stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $116.30, for a total value of $1,054,724.70. Following the sale, the senior vice president directly owned 35,536 shares in the company, valued at $4,132,836.80. The trade was a 20.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Veralto Stock Performance

NYSE:VLTO opened at $116.66 on Friday. The stock's 50-day moving average is $99.63 and its 200-day moving average is $93.41. Veralto Corporation has a 1-year low of $80.03 and a 1-year high of $119.03. The company has a current ratio of 2.03, a quick ratio of 1.61 and a debt-to-equity ratio of 0.83. The stock has a market cap of $28.36 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 3.24 and a beta of 0.51.

Veralto (NYSE:VLTO - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.09. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Veralto had a net margin of 17.27% and a return on equity of 35.08%. The firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business earned $0.99 EPS. Equities research analysts anticipate that Veralto Corporation will post 4.51 earnings per share for the current year.

Veralto Announces Dividend




The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, September 30th. Veralto's payout ratio is presently 12.87%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Veralto from a "buy" rating to a "hold" rating in a research note on Saturday, October 24th. Robert W. Baird set a $111.00 price objective on shares of Veralto in a research note on Thursday, July 30th. Weiss Ratings raised shares of Veralto from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, October 19th. BNP Paribas Exane restated an "outperform" rating and issued a $120.00 price objective (up from $115.00) on shares of Veralto in a report on Thursday, July 30th. Finally, Stifel Nicolaus raised their target price on Veralto from $113.00 to $132.00 and gave the stock a "buy" rating in a research report on Monday. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $120.70.

Check Out Our Latest Research Report on VLTO

Hedge Funds Weigh In On Veralto

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp acquired a new stake in Veralto during the 3rd quarter valued at approximately $6,191,000. Banyan Capital Management Inc. bought a new position in Veralto during the 3rd quarter worth approximately $252,000. Magnolia Group LLC bought a new position in Veralto during the 3rd quarter worth approximately $3,961,000. Maryland State Retirement & Pension System lifted its position in shares of Veralto by 15.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 14,946 shares of the company's stock worth $1,410,000 after purchasing an additional 1,991 shares during the period. Finally, Jacobi Capital Management LLC acquired a new position in shares of Veralto in the 3rd quarter worth approximately $83,000. 91.28% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Veralto

Here are the key news stories impacting Veralto this week:

  • Positive Sentiment: Barclays reiterated its Buy-equivalent Overweight rating and raised its price target to $129 from $117, indicating potential upside in the firm’s view. Barclays rating
  • Positive Sentiment: Veralto’s latest reported quarter beat analyst expectations for earnings and revenue: EPS was $1.18 versus $1.09 expected, while revenue reached $1.51 billion and grew 7.5% year over year. Quarterly results
  • Neutral Sentiment: Citigroup and RBC also raised their price targets, to $120 and $121, respectively, but kept neutral or sector-perform ratings—more cautious than Barclays. Citigroup rating RBC rating
  • Negative Sentiment: Multiple executives reported selling shares: SVP Mattias Byström sold 9,069 shares, CAO Bernard Skeete sold 1,514, and SVP Surekha Trivedi sold 36,427, reducing her holdings by about 81%. Trivedi’s sale was made under a pre-arranged trading plan; insider sales can nevertheless weigh on sentiment. Byström filing Skeete filing Trivedi filing

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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Insider Buying and Selling by Quarter for Veralto (NYSE:VLTO)

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