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Trivedi Surekha, the Senior Vice President of Strategy & Sustainability at Veralto Corp (NYSE:VLTO), recently executed a stock sale, according to a recent SEC filing. On February 25, Surekha sold 590 shares of Veralto common stock at a price of $100.35 per share, totaling $59,206. This transaction was carried out under a pre-established Rule 10b5-1 trading plan adopted in November 2024. Following this sale, Surekha holds 8,470 shares directly. The stock, which currently trades at $99.72, generally trades with low price volatility according to InvestingPro analysis, which offers 8 additional key insights about VLTO’s performance and outlook.
In a separate transaction on February 24, Surekha disposed of 1,353 shares at a price of $100.07 each, though this was not a sale but rather an internal transaction, leaving her with 9,060 shares prior to the February 25 sale. Based on current analyst consensus data, VLTO has received several earnings estimate revisions, with detailed analysis available in the comprehensive Pro Research Report on InvestingPro.
In other recent news, Veralto Corp. has been the subject of positive analysis from Jefferies, which initiated coverage on the company with a Buy rating and a price target of $125. Jefferies highlighted Veralto’s strong financial metrics, such as an approximate 30% return on invested capital and about 60% gross margin. The firm praised Veralto’s sustainable business model, driven by mission-critical applications and a solid direct-to-customer distribution channel. Analysts noted that Veralto’s demand is expected to remain stable due to its significant reliance on recurring revenues, which constitute around 60% of its sales. Jefferies anticipates growth acceleration into 2025, supported by a recovery in consumer packaged goods and industrial markets. The company is projected to achieve mid-single-digit organic growth with potential for strategic capital deployment, which could lead to a double-digit earnings compound rate. Jefferies’ pro forma 2027 earnings estimate for Veralto is over $5 per share, indicating a 10% increase from the base case forecast. This projection reflects the analyst’s confidence in Veralto’s future performance and shareholder value potential.
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