Veralto Co. (NYSE:VLTO) CEO Sells $1,026,403.84 in Stock

Veralto Co. (NYSE:VLTO) CEO Jennifer Honeycutt sold 10,414 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $98.56, for a total value of $1,026,403.84. Following the transaction, the chief executive officer now directly owns 116,637 shares in the company, valued at $11,495,742.72. This represents a 8.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Jennifer Honeycutt also recently made the following trade(s):

• On Tuesday, February 25th, Jennifer Honeycutt sold 10,414 shares of Veralto stock. The stock was sold at an average price of $100.35, for a total transaction of $1,045,044.90.

Veralto Stock Down 0.5 %

Shares of NYSE:VLTO opened at $97.74 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 1.92 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $24.20 billion, a P/E ratio of 29.26, a P/E/G ratio of 4.24 and a beta of 1.11. Veralto Co. has a 52-week low of $85.91 and a 52-week high of $115.00. The stock’s fifty day simple moving average is $99.83 and its 200-day simple moving average is $104.19.

Veralto (NYSE:VLTO) last released its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. As a group, equities research analysts forecast that Veralto Co. will post 3.66 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.44 annualized dividend and a yield of 0.45%. Veralto’s dividend payout ratio (DPR) is presently 13.17%.

Wall Street Analyst Weigh In

VLTO has been the topic of a number of research analyst reports. Citigroup decreased their price objective on shares of 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 decreased their price target on Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Jefferies Financial Group started coverage on Veralto in a research note on Thursday, December 12th. They issued a “buy” rating and a $125.00 price objective for the company. Finally, Stifel Nicolaus lowered 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 four have issued a buy rating to the stock. According to MarketBeat.com, Veralto currently has an average rating of “Hold” and a consensus target price of $113.50.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Veralto during the 4th quarter worth about $289,028,000. First Trust Advisors LP raised its stake in Veralto by 222.3% during the fourth quarter. First Trust Advisors LP now owns 2,602,399 shares of the company’s stock worth $265,054,000 after purchasing an additional 1,794,992 shares during the period. Champlain Investment Partners LLC acquired a new position in shares of Veralto in the 4th quarter valued at $133,058,000. Nordea Investment Management AB grew its stake in shares of Veralto by 34.6% during the 4th quarter. Nordea Investment Management AB now owns 3,923,747 shares of the company’s stock valued at $400,928,000 after buying an additional 1,009,170 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Veralto during the 4th quarter worth $96,888,000. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Veralto Company Profile

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.