Barclays PLC Acquires 25,087 Shares of Crane NXT, Co. (NYSE:CXT)

Barclays PLC increased its stake in Crane NXT, Co. (NYSE:CXT - Free Report) by 66.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,750 shares of the company's stock after purchasing an additional 25,087 shares during the period. Barclays PLC owned 0.11% of Crane NXT worth $3,654,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in Crane NXT in the 3rd quarter valued at approximately $377,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Crane NXT in the 3rd quarter worth approximately $32,000. Lord Abbett & CO. LLC raised its holdings in Crane NXT by 12.3% during the third quarter. Lord Abbett & CO. LLC now owns 396,152 shares of the company's stock worth $22,224,000 after purchasing an additional 43,439 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in Crane NXT during the 4th quarter valued at $473,000. Finally, Oak Thistle LLC acquired a new position in shares of Crane NXT during the 4th quarter valued at $203,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Crane NXT Stock Performance

CXT traded down $0.27 on Wednesday, hitting $46.92. The company had a trading volume of 394,614 shares, compared to its average volume of 385,497. Crane NXT, Co. has a 1-year low of $41.54 and a 1-year high of $67.01. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 14.71 and a beta of 1.21. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88. The company's fifty day moving average price is $50.36 and its 200 day moving average price is $56.35.

Crane NXT (NYSE:CXT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.01. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. Equities analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Increases Dividend

The firm 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.45%. This is a boost from Crane NXT's previous quarterly dividend of $0.16. Crane NXT's payout ratio is presently 21.32%.

Analyst Ratings Changes

CXT has been the subject of several research reports. Northland Capmk lowered shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Northland Securities lowered Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 target price on the stock. in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Crane NXT has an average 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.