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Surekha Trivedi, Senior Vice President of Strategy & Sustainability at Veralto Corp (NYSE:VLTO), recently sold 590 shares of the company’s common stock, according to a regulatory filing. The shares were sold at a price of $97.05 each, totaling approximately $57,259. Following this transaction, Trivedi holds 10,011 shares directly. The sale was conducted under a pre-established Rule 10b5-1 trading plan adopted on November 25, 2024. The stock, which typically trades with low volatility according to InvestingPro data, currently trades at $98.68, slightly above the insider’s sale price. Get access to 8 more exclusive ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, Veralto Corp has caught the attention of BMO Capital Markets, which maintained its Outperform rating and a price target of $118.00. This decision follows recent discussions with Veralto’s management, which highlighted the company’s strong free cash flow and robust balance sheet. The leadership team, including CEO Jennifer Honeycutt and CFO Sameer Ralhan, emphasized the resilience and stability of Veralto’s business model. The company, significantly involved in consumables in water and consumer staples, is expected to see growth in both price and volumes. BMO Capital analysts have expressed confidence in Veralto’s financial flexibility, which they believe will support future growth. They also anticipate that Veralto will become a double-digit compounder over the coming years. This positive outlook is reflected in the reiterated price target, as Veralto continues to demonstrate its capability to navigate challenging market conditions.
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