Sapience Investments LLC Acquires Shares of 33,869 Crane NXT, Co. (NYSE:CXT)

Sapience Investments LLC acquired a new stake in Crane NXT, Co. (NYSE:CXT - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 33,869 shares of the company's stock, valued at approximately $1,972,000. Sapience Investments LLC owned approximately 0.06% of Crane NXT at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CXT. Fifth Third Bancorp boosted its position in Crane NXT by 98.6% in the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company's stock worth $32,000 after purchasing an additional 276 shares during the last quarter. Quarry LP bought a new position in Crane NXT in the fourth quarter worth approximately $42,000. Covestor Ltd boosted its stake in shares of Crane NXT by 38.6% during the 4th quarter. Covestor Ltd now owns 739 shares of the company's stock worth $43,000 after acquiring an additional 206 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Crane NXT during the 4th quarter valued at $83,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Crane NXT by 985.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company's stock worth $95,000 after purchasing an additional 1,488 shares in the last quarter. Institutional investors own 77.49% of the company's stock.

Crane NXT Price Performance

Shares of NYSE:CXT traded up $0.07 during midday trading on Thursday, reaching $52.32. 104,864 shares of the company were exchanged, compared to its average volume of 389,434. The stock has a market cap of $3.00 billion, a PE ratio of 16.40 and a beta of 1.27. The business's fifty day moving average is $49.33 and its two-hundred day moving average is $55.92. Crane NXT, Co. has a one year low of $41.54 and a one year high of $67.01. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51.

Crane NXT (NYSE:CXT - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. The business had revenue of $330.30 million during the quarter, compared to the consensus estimate of $318.46 million. During the same quarter in the prior year, the firm earned $0.85 EPS. The business's revenue was up 5.3% on a year-over-year basis. As a group, analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.30%. Crane NXT's dividend payout ratio (DPR) is 23.37%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CXT. DA Davidson cut their price target on Crane NXT from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday, May 9th. UBS Group cut their price objective on Crane NXT from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Northland Securities downgraded shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price target on the stock. in a report on Tuesday, February 18th. Finally, Northland Capmk lowered Crane NXT from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Three investment 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $73.75.

Crane NXT 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.