BOJ keeps interest rates flat, but flags rate hikes on rising inflation, GDP
Jennifer Honeycutt, President and CEO of Veralto Corp (NYSE:VLTO), recently sold 10,414 shares of the company’s common stock, according to a Form 4 filing with the Securities and Exchange Commission. The company, currently valued at $24.3 billion, has maintained impressive gross profit margins of nearly 60% according to InvestingPro data. The shares were sold at a price of $98.56 each, totaling approximately $1.03 million. Following this transaction, Honeycutt retains ownership of 116,637 shares in the company. This sale was conducted under a pre-established Rule 10b5-1 trading plan, which was adopted on November 7, 2024. According to InvestingPro analysis, the stock generally trades with low price volatility, and the company’s current P/E ratio of 29.9x reflects its premium market position. InvestingPro subscribers have access to 8 additional key insights about VLTO’s valuation and financial health.
In other recent news, Veralto Corp has caught the attention of BMO Capital Markets, which has maintained an Outperform rating for the company and set a price target of $118. This decision comes after discussions with Veralto’s management team, including CEO Jennifer Honeycutt and CFO Sameer Ralhan, who highlighted the company’s strong free cash flow and robust balance sheet. The management emphasized the stability of Veralto’s business model, which is closely tied to consumables in water and consumer staples. BMO Capital analysts expressed confidence in Veralto’s financial flexibility, noting that it provides the company with multiple options for growth. The firm also anticipates that Veralto will achieve significant growth in the coming years, potentially becoming a double-digit compounder. These insights suggest that Veralto is well-positioned to navigate economic uncertainties while maintaining its growth trajectory.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.