Crane NXT, Co. (NYSE:CXT) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP increased its holdings in Crane NXT, Co. (NYSE:CXT) by 23.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,720 shares of the company’s stock after acquiring an additional 5,655 shares during the quarter. Quantbot Technologies LP owned approximately 0.05% of Crane NXT worth $1,730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Amalgamated Bank increased its stake in Crane NXT by 1.0% in the fourth quarter. Amalgamated Bank now owns 22,950 shares of the company’s stock valued at $1,336,000 after purchasing an additional 233 shares during the period. Corient Private Wealth LLC raised its stake in Crane NXT by 1.2% during the 4th quarter. Corient Private Wealth LLC now owns 21,139 shares of the company’s stock valued at $1,231,000 after acquiring an additional 254 shares during the last quarter. Cetera Trust Company N.A lifted its position in Crane NXT by 7.0% during the 4th quarter. Cetera Trust Company N.A now owns 4,198 shares of the company’s stock worth $244,000 after acquiring an additional 275 shares during the period. Fifth Third Bancorp grew its stake in shares of Crane NXT by 98.6% in the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock valued at $32,000 after purchasing an additional 276 shares during the last quarter. Finally, Xponance Inc. increased its holdings in shares of Crane NXT by 6.2% in the fourth quarter. Xponance Inc. now owns 5,587 shares of the company’s stock valued at $325,000 after purchasing an additional 328 shares during the period. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CXT shares. Northland Securities downgraded Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price target for the company. in a report on Tuesday, February 18th. Northland Capmk downgraded shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.33.

Crane NXT Trading Up 1.7 %

Shares of CXT stock opened at $53.85 on Tuesday. The business’s fifty day moving average price is $59.12 and its 200 day moving average price is $58.23. The firm has a market capitalization of $3.08 billion, a PE ratio of 16.88 and a beta of 1.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88. Crane NXT, Co. has a 1-year low of $52.02 and a 1-year high of $67.01.

Crane NXT (NYSE:CXT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. As a group, sell-side analysts forecast that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.26%. This is an increase from Crane NXT’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, February 28th. Crane NXT’s dividend payout ratio (DPR) is presently 21.32%.

Crane NXT Company Profile

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions.