Veralto (NYSE:VLTO) CEO Jennifer Honeycutt Sells 7,098 Shares of Stock

Veralto Corporation (NYSE:VLTO) CEO Jennifer Honeycutt sold 7,098 shares of the business’s stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $105.00, for a total value of $745,290.00. Following the completion of the sale, the chief executive officer owned 120,060 shares of the company’s stock, valued at $12,606,300. This trade represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jennifer Honeycutt also recently made the following trade(s):

• On Wednesday, July 29th, Jennifer Honeycutt sold 7,097 shares of Veralto stock. The stock was sold at an average price of $101.52, for a total value of $720,487.44.

Veralto Trading Down 0.4%

Shares of NYSE:VLTO opened at $104.52 on Friday. Veralto Corporation has a 1 year low of $80.03 and a 1 year high of $105.75. The firm has a market capitalization of $25.48 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 2.97 and a beta of 0.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.61. The business’s 50 day moving average price is $97.52 and its 200-day moving average price is $92.25.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.10. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Veralto had a net margin of 17.35% and a return on equity of 34.76%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 EPS. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. On average, equities research analysts forecast that Veralto Corporation will post 4.41 earnings per share for the current fiscal year.

Veralto Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, September 30th. Veralto’s dividend payout ratio (DPR) is presently 13.13%.

Wall Street Analyst Weigh In

VLTO has been the subject of a number of research reports. Citigroup boosted their target price on shares of Veralto from $102.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Jefferies Financial Group upgraded shares of Veralto to a “strong-buy” rating in a research report on Monday, October 12th. Stifel Nicolaus set a $113.00 price target on shares of Veralto in a research note on Monday. Barclays lifted their price objective on Veralto from $113.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, Wolfe Research reiterated an “outperform” rating and set a $125.00 price objective on shares of Veralto in a research note on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $112.60.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Highland Investment Advisors LLC acquired a new stake in Veralto during the 2nd quarter worth $32,000. International Assets Investment Management LLC purchased a new stake in shares of Veralto during the first quarter worth $66,000. Root Financial Partners LLC acquired a new stake in shares of Veralto in the third quarter valued at about $79,000. Western Wealth Management LLC acquired a new stake in shares of Veralto in the first quarter valued at about $83,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Veralto in the first quarter valued at about $96,000. 91.28% of the stock is owned by institutional investors and hedge funds.

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.