Veralto (NYSE:VLTO) SVP Mattias Bystrom Sells 1,000 Shares of Stock

Veralto Corporation (NYSE:VLTO) SVP Mattias Bystrom sold 1,000 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $101.73, for a total value of $101,730.00. Following the transaction, the senior vice president owned 31,430 shares in the company, valued at approximately $3,197,373.90. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Veralto Stock Up 0.8%

Shares of NYSE VLTO traded up $0.84 during trading on Tuesday, hitting $101.81. The stock had a trading volume of 2,030,045 shares, compared to its average volume of 1,407,267. Veralto Corporation has a 12 month low of $83.86 and a 12 month high of $110.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.57 and a quick ratio of 1.40. The company has a market capitalization of $25.28 billion, a PE ratio of 27.89, a PEG ratio of 3.16 and a beta of 0.87. The firm has a fifty day moving average of $101.77 and a two-hundred day moving average of $102.92.

Veralto (NYSE:VLTO) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the firm earned $0.89 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS and its Q4 2025 guidance at 0.950-0.980 EPS. As a group, equities research analysts forecast that Veralto Corporation will post 3.66 EPS for the current fiscal year.

Veralto Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.4%. Veralto’s dividend payout ratio (DPR) is currently 12.05%.

Wall Street Analysts Forecast Growth

VLTO has been the subject of several recent analyst reports. BMO Capital Markets reduced their target price on Veralto from $123.00 to $114.00 and set an “outperform” rating for the company in a report on Tuesday, November 25th. Weiss Ratings raised Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Citigroup decreased their target price on Veralto from $112.00 to $111.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Barclays lifted their target price on Veralto from $119.00 to $121.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Royal Bank Of Canada boosted their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.11.

Institutional Trading of Veralto

Several hedge funds have recently made changes to their positions in VLTO. Vanguard Group Inc. grew its stake in shares of Veralto by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 31,058,387 shares of the company’s stock worth $3,311,135,000 after acquiring an additional 852,276 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Veralto by 8.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,541,438 shares of the company’s stock valued at $1,027,264,000 after purchasing an additional 811,843 shares during the last quarter. State Street Corp boosted its position in Veralto by 1.9% during the third quarter. State Street Corp now owns 10,449,828 shares of the company’s stock worth $1,115,182,000 after purchasing an additional 191,872 shares during the period. Alliancebernstein L.P. increased its stake in shares of Veralto by 28.0% in the first quarter. Alliancebernstein L.P. now owns 6,235,563 shares of the company’s stock worth $607,656,000 after purchasing an additional 1,363,502 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Veralto by 6.9% in the first quarter. Invesco Ltd. now owns 4,856,071 shares of the company’s stock valued at $473,224,000 after purchasing an additional 314,704 shares during the period. 91.28% of the stock is currently owned by institutional investors.

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.