Mattias Bystrom Sells 3,000 Shares of Veralto Co. (NYSE:VLTO) Stock

Veralto Co. (NYSE:VLTO) SVP Mattias Bystrom sold 3,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was 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 of the company’s stock, valued at approximately $3,287,355.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 Down 1.7 %

NYSE VLTO opened at $104.84 on Friday. Veralto Co. has a 52 week low of $65.51 and a 52 week high of $107.86. The firm has a market capitalization of $25.91 billion and a price-to-earnings ratio of 32.24. The company has a quick ratio of 1.56, a current ratio of 1.96 and a debt-to-equity ratio of 1.56. The company has a fifty day moving average of $99.58 and a two-hundred day moving average of $92.03.

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

Veralto Dividend Announcement

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

Hedge Funds Weigh In On Veralto

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in shares of Veralto during the fourth quarter valued at $729,000. Assenagon Asset Management S.A. bought a new stake in Veralto during the 4th quarter valued at about $965,000. Blue Trust Inc. purchased a new stake in Veralto in the 4th quarter valued at about $26,000. Global Retirement Partners LLC grew its stake in Veralto by 63.6% in the 4th quarter. Global Retirement Partners LLC now owns 3,843 shares of the company’s stock worth $316,000 after acquiring an additional 1,494 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in shares of Veralto during the fourth quarter worth approximately $1,948,000. Institutional investors own 91.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VLTO. TD Cowen increased their price objective on shares of Veralto from $95.00 to $100.00 and gave the company a “hold” rating in a report on Tuesday. Citigroup boosted their price target on shares of Veralto from $89.00 to $94.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. The Goldman Sachs Group raised their price objective on Veralto from $104.00 to $116.00 and gave the company a “buy” rating in a research report on Monday, July 29th. BMO Capital Markets boosted their target price on Veralto from $97.00 to $101.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, Royal Bank of Canada raised their price target on Veralto from $101.00 to $108.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.33.

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.