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

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

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

• 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 value of $80,360.16.

Veralto Trading Up 0.9 %

Shares of Veralto stock opened at $111.78 on Friday. The firm has a market capitalization of $27.59 billion and a PE ratio of 32.92. Veralto Co. has a twelve month low of $65.51 and a twelve month high of $112.15. The firm’s 50-day moving average price is $101.88 and its 200 day moving average price is $95.23. The company has a current ratio of 1.96, a quick ratio of 1.70 and a debt-to-equity ratio of 1.56.

Veralto (NYSE:VLTO) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.28 billion. Veralto had a net margin of 15.60% and a return on equity of 58.82%. Veralto’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.80 EPS. On average, sell-side analysts predict that Veralto Co. will post 3.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund lifted its stake in Veralto by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,861 shares of the company’s stock valued at $1,801,000 after buying an additional 100 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Veralto by 3.2% in the 1st quarter. Global Retirement Partners LLC now owns 3,966 shares of the company’s stock worth $352,000 after purchasing an additional 123 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Veralto by 2.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,406 shares of the company’s stock worth $516,000 after purchasing an additional 142 shares in the last quarter. Perkins Coie Trust Co lifted its stake in Veralto by 2.2% in the 2nd quarter. Perkins Coie Trust Co now owns 7,128 shares of the company’s stock worth $680,000 after purchasing an additional 151 shares in the last quarter. Finally, Graypoint LLC lifted its stake in Veralto by 3.8% in the 2nd quarter. Graypoint LLC now owns 4,407 shares of the company’s stock worth $421,000 after purchasing an additional 160 shares in the last quarter. 91.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on VLTO shares. Deutsche Bank Aktiengesellschaft increased their price target on Veralto from $100.00 to $109.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Royal Bank of Canada increased their price target on Veralto from $101.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Robert W. Baird increased their price target on Veralto from $98.00 to $112.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. UBS Group started coverage on Veralto in a research report on Tuesday, August 13th. They set a “neutral” rating and a $118.00 price target on the stock. Finally, The Goldman Sachs Group increased their price target on Veralto from $104.00 to $116.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.46.

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.