Insider Selling: Veralto Co. (NYSE:VLTO) SVP Sells $317,670.00 in Stock

Veralto Co. (NYSE:VLTO) SVP Mattias Bystrom sold 3,000 shares of Veralto stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $105.89, for a total transaction of $317,670.00. Following the completion of the transaction, the senior vice president now directly owns 31,045 shares in the company, valued at $3,287,355.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Mattias Bystrom also recently made the following trade(s):

• On Thursday, May 23rd, Mattias Bystrom sold 302 shares of Veralto stock. The shares were sold at an average price of $100.38, for a total value of $30,314.76.

Veralto Stock Performance

VLTO stock opened at $104.84 on Friday. The firm has a market cap of $25.91 billion and a PE ratio of 32.24. The company has a current ratio of 1.96, a quick ratio of 1.56 and a debt-to-equity ratio of 1.56. The stock has a 50-day moving average price of $99.58 and a 200-day moving average price of $92.03. Veralto Co. has a 1-year low of $65.51 and a 1-year high of $107.86.

Veralto (NYSE:VLTO) last issued its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. Veralto had a return on equity of 58.82% and a net margin of 15.60%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share. As a group, equities research analysts expect that Veralto Co. will post 3.45 earnings per share for the current year.

Veralto Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, June 28th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Friday, June 28th.

Wall Street Analyst Weigh In

VLTO has been the topic of several research analyst reports. TD Cowen raised their price objective on Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a research note on Tuesday. Robert W. Baird increased their target price on Veralto from $98.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Stifel Nicolaus boosted their price target on Veralto from $110.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Royal Bank of Canada raised their price objective on shares of Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Finally, Citigroup boosted their target price on shares of Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.33.

Institutional Investors Weigh In On Veralto

Several hedge funds and other institutional investors have recently bought and sold shares of VLTO. First Command Advisory Services Inc. bought a new stake in Veralto in the 4th quarter valued at about $25,000. Blue Trust Inc. bought a new stake in shares of Veralto during the fourth quarter valued at approximately $26,000. Delta Asset Management LLC TN raised its position in shares of Veralto by 216.0% during the fourth quarter. Delta Asset Management LLC TN now owns 316 shares of the company’s stock worth $26,000 after purchasing an additional 216 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Veralto in the 4th quarter worth $27,000. Finally, Johnson Financial Group Inc. acquired a new stake in Veralto in the 4th quarter valued at $27,000. 91.28% of the stock is owned by institutional investors.

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.