Cullen Frost Bankers Inc. Has $455,000 Stake in Veralto Co. (NYSE:VLTO)

Cullen Frost Bankers Inc. boosted its holdings in Veralto Co. (NYSE:VLTO) by 9.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,465 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Veralto were worth $455,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in Veralto in the 3rd quarter valued at about $25,000. BankPlus Trust Department bought a new position in Veralto in the 4th quarter valued at about $29,000. Albion Financial Group UT increased its holdings in Veralto by 2,100.0% in the 4th quarter. Albion Financial Group UT now owns 352 shares of the company’s stock valued at $36,000 after buying an additional 336 shares during the period. Geneos Wealth Management Inc. bought a new position in Veralto in the 4th quarter valued at about $42,000. Finally, Erste Asset Management GmbH bought a new position in Veralto in the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 91.28% of the company’s stock.

Veralto Stock Up 2.3 %

NYSE:VLTO opened at $100.16 on Friday. The firm’s 50 day simple moving average is $100.69 and its 200 day simple moving average is $105.34. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.92 and a quick ratio of 1.69. Veralto Co. has a one year low of $85.90 and a one year high of $115.00. The company has a market cap of $24.79 billion, a PE ratio of 29.99, a P/E/G ratio of 4.24 and a beta of 1.11.

Veralto (NYSE:VLTO) last posted its earnings results on Tuesday, February 4th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. Veralto had a net margin of 16.04% and a return on equity of 49.29%. On average, research analysts anticipate that Veralto Co. will post 3.66 earnings per share for the current year.

Veralto Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be given a $0.11 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.44%. Veralto’s dividend payout ratio (DPR) is currently 13.17%.

Insider Transactions at Veralto

In related news, SVP Surekha Trivedi sold 590 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $100.35, for a total transaction of $59,206.50. Following the transaction, the senior vice president now owns 8,470 shares in the company, valued at $849,964.50. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Melissa Aquino sold 463 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $99.60, for a total transaction of $46,114.80. Following the transaction, the senior vice president now owns 20,761 shares in the company, valued at $2,067,795.60. The trade was a 2.18 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,467 shares of company stock worth $1,150,366. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on VLTO shares. Citigroup decreased their target price on shares of Veralto from $118.00 to $116.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Stifel Nicolaus decreased their target price on shares of Veralto from $116.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada decreased their price target on shares of Veralto from $111.00 to $110.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Finally, Jefferies Financial Group began coverage on shares of Veralto in a report on Thursday, December 12th. They set a “buy” rating and a $125.00 price target on the stock. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $112.55.

Veralto 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.