Jennifer Honeycutt Sells 10,414 Shares of Veralto Co. (NYSE:VLTO) Stock

Veralto Co. (NYSE:VLTO) CEO Jennifer Honeycutt sold 10,414 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 116,637 shares in the company, valued at $11,495,742.72. The trade was a 8.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 Trading Down 0.0 %

Shares of NYSE:VLTO opened at $97.71 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.69 and a debt-to-equity ratio of 1.27. Veralto Co. has a 12-month low of $85.91 and a 12-month high of $115.00. The business has a 50 day moving average of $99.74 and a two-hundred day moving average of $104.15. The company has a market capitalization of $24.19 billion, a PE ratio of 29.25, a PEG ratio of 4.24 and a beta of 1.11.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, February 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts forecast that Veralto Co. will post 3.66 EPS for the current year.

Veralto Announces Dividend

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

Institutional Trading of Veralto

Institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP lifted its holdings in Veralto by 7.5% in the 4th quarter. Wellington Management Group LLP now owns 563,102 shares of the company’s stock valued at $57,352,000 after purchasing an additional 39,342 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Veralto by 2.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 72,261 shares of the company’s stock worth $7,360,000 after buying an additional 2,064 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in Veralto during the fourth quarter worth about $8,064,000. Siemens Fonds Invest GmbH grew its stake in Veralto by 68.0% during the 4th quarter. Siemens Fonds Invest GmbH now owns 9,834 shares of the company’s stock valued at $1,002,000 after acquiring an additional 3,979 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Veralto in the 4th quarter valued at about $24,834,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on VLTO shares. Royal Bank of Canada decreased their price target on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Jefferies Financial Group initiated coverage on Veralto in a research note on Thursday, December 12th. They issued a “buy” rating and a $125.00 target price for the company. Stifel Nicolaus cut their price objective on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Citigroup reduced their price objective on Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a research note on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $113.50.

About Veralto

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.