ArrowMark Colorado Holdings LLC Increases Position in Crane NXT, Co. (NYSE:CXT)

ArrowMark Colorado Holdings LLC boosted its position in Crane NXT, Co. (NYSE:CXT - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,885 shares of the company's stock after buying an additional 6,063 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 0.19% of Crane NXT worth $6,281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Barclays PLC boosted its stake in shares of Crane NXT by 45.3% in 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. Virtu Financial LLC purchased a new position in Crane NXT in the third quarter valued at $377,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Crane NXT in the third quarter worth about $32,000. Harbour Capital Advisors LLC purchased a new stake in shares of Crane NXT during the 4th quarter worth about $473,000. Finally, Oak Thistle LLC purchased a new position in shares of Crane NXT in the 4th quarter valued at about $203,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Crane NXT Price Performance

Shares of CXT traded up $0.14 during trading hours on Wednesday, hitting $47.75. 377,402 shares of the stock were exchanged, compared to its average volume of 386,650. The stock's 50-day moving average price is $49.39 and its two-hundred day moving average price is $56.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 14.97 and a beta of 1.27. Crane NXT, Co. has a 12-month low of $41.54 and a 12-month high of $67.01.

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 for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. Research analysts expect that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Friday, February 28th. This is a positive change from Crane NXT's previous quarterly dividend of $0.16. Crane NXT's payout ratio is currently 21.32%.

Analyst Ratings Changes

Several research analysts have recently weighed in on CXT shares. Northland Capmk downgraded Crane NXT from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Northland Securities cut shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price objective for the company. in a research report on Tuesday, February 18th. Two 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.