Capital International Investors Has $78.66 Million Holdings in Crane NXT, Co. (NYSE:CXT)

Capital International Investors increased its stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 79.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,351,044 shares of the company's stock after buying an additional 597,537 shares during the period. Capital International Investors owned 2.36% of Crane NXT worth $78,658,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CXT. Park Avenue Securities LLC bought a new stake in shares of Crane NXT in the fourth quarter valued at about $527,000. Barclays PLC grew its stake in shares of Crane NXT by 45.3% during the third quarter. Barclays PLC now owns 37,663 shares of the company's stock worth $2,113,000 after buying an additional 11,734 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in Crane NXT by 12.3% in the 3rd 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. Norges Bank acquired a new position in shares of Crane NXT in the fourth quarter valued at approximately $26,754,000. Finally, Sei Investments Co. raised its stake in shares of Crane NXT by 15.0% during the fourth quarter. Sei Investments Co. now owns 143,307 shares of the company's stock valued at $8,343,000 after acquiring an additional 18,735 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company's stock.

Crane NXT Trading Up 0.5 %

CXT traded up $0.25 during trading on Friday, reaching $46.72. 113,108 shares of the stock traded hands, compared to its average volume of 444,463. The stock's 50-day moving average is $51.09 and its 200 day moving average is $56.49. Crane NXT, Co. has a 12 month low of $41.54 and a 12 month high of $67.00. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $2.68 billion, a PE ratio of 14.65 and a beta of 1.21.

Crane NXT (NYSE:CXT - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.20 EPS for the quarter, topping the consensus estimate 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 anticipate that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors 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 1.46%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Crane NXT's previous quarterly dividend of $0.16. Crane NXT's payout ratio is presently 21.32%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Northland Capmk downgraded Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Northland Securities cut Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 target price on the stock. in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.33.

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.