Insider Selling: Veralto Co. (NYSE:VLTO) CEO Sells 10,414 Shares of 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 shares were sold at an average price of $98.56, for a total transaction of $1,026,403.84. Following the completion of the transaction, the chief executive officer now owns 116,637 shares of the company’s stock, valued at $11,495,742.72. This represents a 8.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 value of $1,045,044.90.

Veralto Trading Down 0.5 %

NYSE VLTO traded down $0.52 on Tuesday, reaching $97.74. The company had a trading volume of 1,201,945 shares, compared to its average volume of 1,413,474. Veralto Co. has a 52 week low of $85.91 and a 52 week high of $115.00. 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 stock has a market cap of $24.20 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 4.24 and a beta of 1.11. The stock’s 50 day moving average is $99.93 and its 200-day moving average is $104.27.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.95 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%. Equities analysts predict that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Savant Capital LLC boosted its holdings in shares of Veralto by 0.5% in the 4th quarter. Savant Capital LLC now owns 20,177 shares of the company’s stock valued at $2,055,000 after purchasing an additional 98 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Veralto by 2.6% in the third quarter. Brown Brothers Harriman & Co. now owns 3,851 shares of the company’s stock worth $431,000 after acquiring an additional 99 shares during the period. Allworth Financial LP increased its position in shares of Veralto by 19.4% during the fourth quarter. Allworth Financial LP now owns 622 shares of the company’s stock worth $64,000 after buying an additional 101 shares during the period. Insigneo Advisory Services LLC lifted its stake in shares of Veralto by 1.8% in the 3rd quarter. Insigneo Advisory Services LLC now owns 5,767 shares of the company’s stock valued at $645,000 after purchasing an additional 103 shares during the period. Finally, Quent Capital LLC grew its position in shares of Veralto by 17.3% during the 4th quarter. Quent Capital LLC now owns 699 shares of the company’s stock worth $71,000 after buying an additional 103 shares during the period. 91.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on VLTO shares. Jefferies Financial Group assumed coverage on Veralto in a report on Thursday, December 12th. They issued a “buy” rating and a $125.00 price target for the company. Stifel Nicolaus lowered their price target on Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Citigroup reduced their target price on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Finally, Royal Bank of Canada cut their price objective on Veralto from $111.00 to $110.00 and set a “sector perform” 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 given a buy rating to the stock. Based on data from MarketBeat.com, Veralto presently has an average rating of “Hold” and a consensus price target of $113.50.

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.