Surekha Trivedi Sells 7,399 Shares of Veralto Co. (NYSE:VLTO) Stock

Veralto Co. (NYSE:VLTO) SVP Surekha Trivedi sold 7,399 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $110.00, for a total value of $813,890.00. Following the transaction, the senior vice president now directly owns 12,671 shares in the company, valued at approximately $1,393,810. The transaction was disclosed in a filing with the SEC, which is available at this link.

Surekha Trivedi also recently made the following trade(s):

• On Thursday, August 1st, Surekha Trivedi sold 753 shares of Veralto stock. The stock was sold at an average price of $106.72, for a total value of $80,360.16.

Veralto Price Performance

Shares of NYSE VLTO opened at $111.78 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.70 and a current ratio of 1.96. The company has a market cap of $27.62 billion and a PE ratio of 33.48. The business has a 50-day simple moving average of $101.88 and a two-hundred day simple moving average of $95.35. Veralto Co. has a fifty-two week low of $65.51 and a fifty-two week high of $112.15.

Veralto (NYSE:VLTO) last issued 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 return on equity of 58.82% and a net margin of 15.60%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company earned $0.80 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities analysts expect that Veralto Co. will post 3.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VLTO has been the subject of a number of analyst reports. Royal Bank of Canada upped their price objective on Veralto from $101.00 to $108.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. The Goldman Sachs Group upped their price objective on Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. UBS Group initiated coverage on Veralto in a research note on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price objective for the company. TD Cowen upped their price objective on Veralto from $95.00 to $100.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Finally, Robert W. Baird upped their price objective on Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $104.46.

Institutional Investors Weigh In On Veralto

A number of institutional investors and hedge funds have recently modified their holdings of VLTO. Vanguard Group Inc. acquired a new stake in shares of Veralto during the fourth quarter worth about $2,127,330,000. Capital International Investors acquired a new stake in shares of Veralto during the fourth quarter worth about $538,324,000. Brown Advisory Inc. acquired a new stake in shares of Veralto during the fourth quarter worth about $528,018,000. Norges Bank acquired a new stake in shares of Veralto during the fourth quarter worth about $266,143,000. Finally, Swedbank AB acquired a new stake in shares of Veralto during the first quarter worth about $237,864,000. Institutional investors and hedge funds 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.