Jennifer Honeycutt Sells 7,097 Shares of Veralto (NYSE:VLTO) Stock

Veralto Corporation (NYSE:VLTO) CEO Jennifer Honeycutt sold 7,097 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $101.52, for a total value of $720,487.44. Following the completion of the sale, the chief executive officer owned 124,085 shares of the company’s stock, valued at $12,597,109.20. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Stock Down 0.4%

Shares of VLTO stock opened at $94.34 on Friday. Veralto Corporation has a 1 year low of $80.03 and a 1 year high of $110.11. The stock has a market cap of $23.00 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 2.55 and a beta of 0.63. The business’s fifty day moving average is $88.62 and its 200-day moving average is $90.90. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.32 and a current ratio of 1.78.

Veralto (NYSE:VLTO) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 34.76% and a net margin of 17.35%.The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Veralto has set its FY 2026 guidance at 4.350-4.430 EPS and its Q3 2026 guidance at 1.060-1.090 EPS. Equities analysts expect that Veralto Corporation will post 4.41 earnings per share for the current fiscal year.

Veralto Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, June 30th were given a $0.13 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.52 annualized dividend and a yield of 0.6%. Veralto’s payout ratio is 13.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VLTO shares. Citigroup raised their price objective on shares of Veralto from $102.00 to $107.00 and gave the company a “neutral” rating in a research report on Thursday. Royal Bank Of Canada boosted their target price on shares of Veralto from $100.00 to $109.00 and gave the stock a “sector perform” rating in a report on Thursday. Stifel Nicolaus increased their target price on shares of Veralto from $111.00 to $114.00 and gave the company a “buy” rating in a research note on Thursday. Barclays raised their target price on shares of Veralto from $113.00 to $117.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, UBS Group lifted their price target on shares of Veralto from $98.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.90.

Hedge Funds Weigh In On Veralto

A number of hedge funds and other institutional investors have recently modified their holdings of VLTO. State Street Corp raised its holdings in Veralto by 2.6% during the 4th quarter. State Street Corp now owns 10,720,184 shares of the company’s stock worth $1,071,035,000 after buying an additional 270,356 shares during the period. Geode Capital Management LLC lifted its stake in Veralto by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 7,249,875 shares of the company’s stock valued at $720,876,000 after buying an additional 126,814 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Veralto by 31.5% in the first quarter. First Trust Advisors LP now owns 6,150,388 shares of the company’s stock worth $543,817,000 after buying an additional 1,472,304 shares during the period. Invesco Ltd. boosted its holdings in shares of Veralto by 6.3% in the fourth quarter. Invesco Ltd. now owns 4,595,043 shares of the company’s stock worth $458,493,000 after buying an additional 272,036 shares during the period. Finally, Amundi increased its position in shares of Veralto by 16.3% in the first quarter. Amundi now owns 3,797,526 shares of the company’s stock worth $335,785,000 after acquiring an additional 531,478 shares in the last quarter. Institutional investors and hedge funds 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.