Veralto Corp (NYSE: VLTO) is 31.40% higher on its value in year-to-date trading and has touched a low of $65.51 and a high of $112.77 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VLTO stock was last observed hovering at around $108.94 in the last trading session, with the day’s loss setting it -0.85%.
Currently trading at $108.09, the stock is -1.98% and 2.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.75 million and changing -0.78% at the moment leaves the stock 16.77% off its SMA200. VLTO registered a gain of 23.62% in past 6-months.
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The stock witnessed a -1.36% loss in the last 1 month and extending the period to 3 months gives it a 6.79%, and is -0.79% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.69% over the week and 1.38% over the month.
Veralto Corp (VLTO) has around 16000 employees, a market worth around $26.71B and $5.08B in sales. Current P/E ratio is 33.80 and Fwd P/E is 29.06. Profit margin for the company is 15.60%. Distance from 52-week low is 65.00% and -4.15% from its 52-week high. The company has generated returns on investments over the last 12 months (18.50%).
The EPS is expected to grow by 7.99% this year
1415.0 institutions hold shares in Veralto Corp (VLTO), with institutional investors hold 99.98% of the company’s shares. The shares outstanding are 246.40M, and float is at 236.92M with Short Float at 0.96%. Institutions hold 95.91% of the Float.
Veralto Corp (VLTO) Insider Activity
The most recent transaction is an insider sale by Trivedi Surekha, the company’s SVP, Strategy & Sustainability. SEC filings show that Trivedi Surekha sold 753 shares of the company’s common stock on Sep 03 ’24 at a price of $111.10 per share for a total of $83658.0. Following the sale, the insider now owns 11918.0 shares.
Veralto Corp disclosed in a document filed with the SEC on Aug 30 ’24 that Honeycutt Jennifer (President and CEO) sold a total of 13,191 shares of the company’s common stock. The trade occurred on Aug 30 ’24 and was made at $111.98 per share for $1.48 million. Following the transaction, the insider now directly holds 0.14 million shares of the VLTO stock.
Still, SEC filings show that on Sep 03 ’24, Trivedi Surekha (Officer) Proposed Sale 753 shares at an average price of $111.10 for $83658.0. The insider now directly holds shares of Veralto Corp (VLTO).
