Veralto (NYSE:VLTO) SVP Mattias Bystrom Sells 9,069 Shares of Company Stock

Veralto Corporation (NYSE:VLTO) SVP Mattias Byström sold 9,069 shares of Veralto stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $116.30, for a total transaction of $1,054,724.70. Following the sale, the senior vice president directly owned 35,536 shares of the company’s stock, valued at $4,132,836.80. The trade was a 20.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Veralto Stock Down 0.3%

Shares of VLTO opened at $116.66 on Friday. The firm has a market cap of $28.36 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 3.24 and a beta of 0.51. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.61 and a current ratio of 2.03. Veralto Corporation has a 52 week low of $80.03 and a 52 week high of $119.03. The firm’s 50-day simple moving average is $99.63 and its 200 day simple moving average is $93.41.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.09. Veralto had a net margin of 17.27% and a return on equity of 35.08%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the business posted $0.99 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts forecast that Veralto Corporation will post 4.51 earnings per share for the current year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.4%. Veralto’s dividend payout ratio (DPR) is 12.87%.

More Veralto News

Here are the key news stories impacting Veralto this week:

• Positive Sentiment: Barclays reiterated its Buy-equivalent Overweight rating and raised its price target to $129 from $117, indicating potential upside in the firm’s view. Barclays rating
• Positive Sentiment: Veralto’s latest reported quarter beat analyst expectations for earnings and revenue: EPS was $1.18 versus $1.09 expected, while revenue reached $1.51 billion and grew 7.5% year over year. Quarterly results
• Neutral Sentiment: Citigroup and RBC also raised their price targets, to $120 and $121, respectively, but kept neutral or sector-perform ratings—more cautious than Barclays. Citigroup rating RBC rating
• Negative Sentiment: Multiple executives reported selling shares: SVP Mattias Byström sold 9,069 shares, CAO Bernard Skeete sold 1,514, and SVP Surekha Trivedi sold 36,427, reducing her holdings by about 81%. Trivedi’s sale was made under a pre-arranged trading plan; insider sales can nevertheless weigh on sentiment. Byström filing Skeete filing Trivedi filing

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp acquired a new position in shares of Veralto during the third quarter worth $6,191,000. Banyan Capital Management Inc. bought a new position in shares of Veralto in the 3rd quarter valued at $252,000. Magnolia Group LLC bought a new position in shares of Veralto in the 3rd quarter valued at $3,961,000. Maryland State Retirement & Pension System lifted its stake in shares of Veralto by 15.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 14,946 shares of the company’s stock valued at $1,410,000 after acquiring an additional 1,991 shares during the last quarter. Finally, Jacobi Capital Management LLC acquired a new stake in shares of Veralto during the 3rd quarter valued at $83,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen cut Veralto from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Veralto in a report on Friday, October 30th. Barclays increased their price objective on Veralto from $117.00 to $129.00 and gave the stock an “overweight” rating in a research report on Monday. Robert W. Baird set a $111.00 price objective on Veralto in a research report on Thursday, July 30th. Finally, Citigroup lifted their target price on Veralto from $107.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $120.70.

Veralto Company Profile

Veralto Corporation (NYSE: VLTO) is a global provider of technology, products and services that help customers manage water quality and improve the quality, safety and efficiency of packaged goods. The company serves municipal, industrial, commercial and consumer-facing markets through a portfolio of operating businesses.

Veralto’s Water Quality segment provides instruments, software and services used to test, monitor and treat water and wastewater. Its brands include Hach, Trojan Technologies and ChemTreat, which support applications such as laboratory and field testing, disinfection, water treatment and industrial water management.

The company’s Product Quality & Innovation segment supplies technologies used in product identification, packaging design, color management and quality inspection.