ArrowMark Colorado Holdings LLC Buys 6,063 Shares of Crane NXT, Co. (NYSE:CXT)

ArrowMark Colorado Holdings LLC increased its holdings in Crane NXT, Co. (NYSE:CXT - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,885 shares of the company's stock after acquiring an additional 6,063 shares during the period. ArrowMark Colorado Holdings LLC owned about 0.19% of Crane NXT worth $6,281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital International Investors boosted its stake in shares of Crane NXT by 79.3% during the 4th quarter. Capital International Investors now owns 1,351,044 shares of the company's stock valued at $78,658,000 after buying an additional 597,537 shares during the period. Conestoga Capital Advisors LLC bought a new stake in Crane NXT in the fourth quarter worth $31,517,000. Norges Bank bought a new stake in Crane NXT during the fourth quarter valued at about $26,754,000. FMR LLC increased its position in Crane NXT by 4.1% in the 4th quarter. FMR LLC now owns 8,576,731 shares of the company's stock worth $499,337,000 after buying an additional 336,765 shares during the period. Finally, Capital World Investors bought a new stake in shares of Crane NXT in the fourth quarter valued at approximately $10,719,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Crane NXT Price Performance

Shares of CXT stock traded up $1.76 during trading hours on Friday, hitting $52.72. 253,321 shares of the company's stock were exchanged, compared to its average volume of 387,747. 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 stock has a market cap of $3.02 billion, a price-to-earnings ratio of 16.53 and a beta of 1.27. Crane NXT, Co. has a 52 week low of $41.54 and a 52 week high of $67.01. The stock's 50-day moving average is $49.16 and its 200-day moving average is $55.96.

Crane NXT (NYSE:CXT - Get Free Report) last posted 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 business had revenue of $330.30 million for the quarter, compared to analysts' expectations of $318.46 million. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 earnings per share. As a group, research analysts forecast that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Friday, May 30th. Crane NXT's dividend payout ratio is presently 23.37%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CXT. DA Davidson decreased their price target on shares of Crane NXT from $100.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday. Northland Securities downgraded Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 target price for the company. in a research report on Tuesday, February 18th. Finally, Northland Capmk cut Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Two 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.33.

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.