Surekha Trivedi sells 753 shares of Veralto Co. (NYSE:VLTO).

VaselineOctober 3, 2024

0 4 minutes read

Veralto Co. (NYSE:VLTO – Get Your Free Report ) SVP Surekha Trivedi sold 753 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $112.55, for a total transaction of $84,750.15. Following the completion of the transaction, the senior vice president now owns 11,165 shares of the company’s stock, valued at approximately $1,256,620.75. The sale was disclosed in a filing with the SEC, which is available at this link.

Surekha Trivedi also recently made the following trades:

On Tuesday, September 3rd, Surekha Trivedi sold 753 shares of Veralto stock. The shares were sold at an average price of $111.10, for a total value of $83,658.30.
On Wednesday, August 21st Surekha Trivedi sold 7,399 shares of Veralto stock. The shares were sold at an average price of $110.00, for a total value of $813,890.00.
On Thursday, August 1st, Surekha Trivedi sold 753 shares of Veralto stock. The shares were sold at an average price of $106.72, for a total transaction of $80,360.16.

Veralto stock 1.1%

Veralto stock traded up $1.24 during mid-day trading on Wednesday, reaching $111.27. The company had a trading volume of 1,143,092 shares, compared to its average volume of 1,569,288. The company has a market cap of $27.47 billion and a PE ratio of 33.62. The company has a current ratio of 1.96, a quick ratio of 1.70, and a debt-to-equity ratio of 1.56. The stock’s 50-day moving average is $108.59, and its two-hundred-day moving average is $99.98. Veralto Co. has a 12-month low of $65.51 and a 12-month high of $112.77.

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Veralto (NYSE:VLTO – Get Your Free Report ) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.05. Veralto had a net margin of 15.60% and a return on equity of 58.82%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. In the same period last year, the firm earned $0.80 per share. The company’s quarterly revenue was up 2.8% year over year. As a group, sell-side analysts anticipate that Veralto Co. will post 3.45 earnings per share for the current fiscal year.

Veralto announces dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, September 27th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, September 27. This represents an annualized dividend of $0.36 and a yield of 0.32%.

Institutional investors weigh in on Veralto

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Veralto by 6.1% in the first quarter. Vanguard Group Inc. now owns 27,429,158 shares of the company’s stock valued at $2,431,869,000 after purchasing an additional 1,568,103 shares in the last quarter. Capital International Investors grew its position in Veralto by 8.5% in the first quarter. Capital International Investors now owns 7,097,130 shares of the company’s stock worth $629,232,000 after acquiring an additional 553,021 shares during the period. Bank of New York Mellon Corp grew its position in Veralto by 5.0% in the second quarter. Bank of New York Mellon Corp now owns 4,178,777 shares of the company’s stock worth $398,948,000 after buying an additional 200,657 shares in the last quarter. Swedbank AB boosted its stake in Veralto by 4.9% in the second quarter. Swedbank AB now owns 2,814,983 shares of the company’s stock worth $268,746,000 after buying an additional 132,105 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Veralto by 33,575.5% during the 4th quarter. Northern Trust Corp now owns 2,520,275 shares of the company’s stock, valued at $207,318,000 after bought an additional 2,512,791 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s shares.

The Wall Street analyst weighs in

Several analysts recently weighed in on VLTO shares. Royal Bank of Canada boosted their price objective on Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. BMO Capital Markets upped their target price on shares of Veralto from $117.00 to $119.00 and gave the company an “outperform” rating in a research report on Monday. Stifel Nicolaus boosted their target price on shares of Veralto from $110.00 to $117.00 and gave the company a “buy” rating in a report on Monday, July 29th. Robert W. Baird lifted their price objective on shares of Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, UBS Group began coverage on Veralto in a report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Moderate Buy” and an average target price of $105.85, based on data from MarketBeat.com.

See the latest inventory analysis on Veralto

Veralto Company Profile

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Veralto Corporation provides water analysis, water treatment, marking and coding, as well as packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality and Innovation (PQI). The WQ segment provides precision instruments 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.