MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $22.71 Million Position in Crane NXT, Co. (NYSE:CXT)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 5.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 390,099 shares of the company's stock after acquiring an additional 20,921 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.68% of Crane NXT worth $22,712,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CXT. Lazard Asset Management LLC bought a new stake in shares of Crane NXT in the 4th quarter valued at about $83,000. Invenomic Capital Management LP acquired a new position in Crane NXT during the fourth quarter valued at approximately $8,144,000. Deutsche Bank AG increased its stake in Crane NXT by 3.0% in the fourth quarter. Deutsche Bank AG now owns 5,831 shares of the company's stock valued at $339,000 after purchasing an additional 168 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Crane NXT in the fourth quarter worth $252,000. Finally, Corton Capital Inc. acquired a new stake in Crane NXT in the fourth quarter worth $264,000. Institutional investors own 77.49% of the company's stock.

Crane NXT Stock Down 0.1%

Shares of NYSE:CXT traded down $0.05 during midday trading on Tuesday, reaching $54.64. 50,255 shares of the company were exchanged, compared to its average volume of 428,261. The firm has a market cap of $3.13 billion, a PE ratio of 17.13 and a beta of 1.27. Crane NXT, Co. has a fifty-two week low of $41.54 and a fifty-two week high of $67.00. The stock has a fifty day simple moving average of $49.33 and a two-hundred day simple moving average of $55.96. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51.

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

Crane NXT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Friday, May 30th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Friday, May 30th. Crane NXT's dividend payout ratio (DPR) is currently 23.37%.

Analysts Set New Price Targets

A number of research firms recently commented on CXT. UBS Group lowered their price objective on shares of Crane NXT from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Northland Capmk cut Crane NXT from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. DA Davidson lowered 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. Finally, Northland Securities cut Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price objective on the stock. in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently 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.