Aquatic Capital Management LLC Acquires 6,294 Shares of Crane NXT, Co. (NYSE:CXT)

Aquatic Capital Management LLC grew its stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 99.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,594 shares of the company's stock after purchasing an additional 6,294 shares during the quarter. Aquatic Capital Management LLC's holdings in Crane NXT were worth $733,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of CXT. Covestor Ltd raised its position in Crane NXT by 38.6% in the 4th quarter. Covestor Ltd now owns 739 shares of the company's stock valued at $43,000 after purchasing an additional 206 shares during the last quarter. Amalgamated Bank grew its position in shares of Crane NXT by 1.0% during the fourth quarter. Amalgamated Bank now owns 22,950 shares of the company's stock worth $1,336,000 after buying an additional 233 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Crane NXT by 1.2% in the fourth 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 period. Cetera Trust Company N.A raised its position in Crane NXT by 7.0% in the fourth 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 in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Crane NXT by 98.6% during the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company's stock worth $32,000 after buying an additional 276 shares in the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Trading Up 0.6 %

Shares of CXT stock traded up $0.28 on Wednesday, reaching $47.89. The company had a trading volume of 36,759 shares, compared to its average volume of 385,144. The company has a 50-day moving average of $49.39 and a 200-day moving average of $56.05. Crane NXT, Co. has a 12 month low of $41.54 and a 12 month high of $67.01. The stock has a market cap of $2.75 billion, a PE ratio of 15.03 and a beta of 1.27. 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 announced its 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%. On average, equities analysts forecast that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Friday, February 28th. This is a boost from Crane NXT's previous quarterly dividend of $0.16. Crane NXT's dividend payout ratio is currently 21.32%.

Analyst Ratings Changes

CXT has been the topic of a number of recent analyst reports. Northland Capmk lowered Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Northland Securities downgraded Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price target on the stock. in a research report on Tuesday, February 18th. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.33.

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.