Veralto (NYSE:VLTO) CEO Sells $720,487.44 in Stock
by Danessa Lincoln · The Markets DailyVeralto Corporation (NYSE:VLTO – Get Free Report) CEO Jennifer Honeycutt sold 7,097 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total transaction of $720,487.44. Following the completion of the transaction, the chief executive officer directly owned 124,085 shares of the company’s stock, valued at $12,597,109.20. This represents a 5.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jennifer Honeycutt also recently made the following trade(s):
- On Friday, July 17th, Jennifer Honeycutt sold 7,097 shares of Veralto stock. The shares were sold at an average price of $95.00, for a total value of $674,215.00.
Veralto Price Performance
NYSE VLTO traded down $0.37 during trading hours on Friday, reaching $94.34. The company’s stock had a trading volume of 1,536,021 shares, compared to its average volume of 2,104,109. Veralto Corporation has a 1 year low of $80.03 and a 1 year high of $110.11. The company has a quick ratio of 1.32, a current ratio of 1.48 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $23.17 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 2.78 and a beta of 0.63. The firm’s 50-day moving average price is $88.48 and its 200-day moving average price is $90.88.
Veralto (NYSE:VLTO – Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. Veralto had a net margin of 17.35% and a return on equity of 35.09%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $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 predict that Veralto Corporation will post 4.25 EPS for the current fiscal year.
Veralto Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, June 30th will be given a dividend of $0.13 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. Veralto’s dividend payout ratio is currently 13.13%.
Wall Street Analyst Weigh In
Several analysts have commented on VLTO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Veralto in a research note on Wednesday, June 24th. Royal Bank Of Canada raised their price objective on Veralto from $100.00 to $109.00 and gave the company a “sector perform” rating in a research report on Thursday. Robert W. Baird set a $111.00 target price on Veralto in a report on Thursday. Barclays boosted their target price on Veralto from $113.00 to $117.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Citigroup increased their price target on Veralto from $102.00 to $107.00 and gave the company a “neutral” rating in a research note on Thursday. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.90.
View Our Latest Analysis on Veralto
Institutional Investors Weigh In On Veralto
Several large investors have recently bought and sold shares of the business. Laurel Wealth Advisors LLC purchased a new stake in Veralto during the fourth quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Veralto by 82.2% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 286 shares of the company’s stock worth $29,000 after buying an additional 129 shares in the last quarter. Creative Capital Management Investments LLC increased its holdings in shares of Veralto by 45.9% in the 4th quarter. Creative Capital Management Investments LLC now owns 340 shares of the company’s stock worth $34,000 after buying an additional 107 shares during the last quarter. DV Equities LLC bought a new stake in shares of Veralto in the 4th quarter worth about $35,000. Finally, Elyxium Wealth LLC purchased a new stake in shares of Veralto during the 4th quarter valued at about $37,000. Institutional investors own 91.28% of the company’s stock.
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. This segment provides water solutions, including chemical reagents, services, and digital solutions.