Invesco Ltd. Lowers Stock Holdings in Crane NXT, Co. (NYSE:CXT)

Invesco Ltd. reduced its holdings in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 28.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,024,147 shares of the company's stock after selling 409,833 shares during the quarter. Invesco Ltd. owned 1.79% of Crane NXT worth $59,626,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank increased its position in Crane NXT by 1.0% during the 4th quarter. Amalgamated Bank now owns 22,950 shares of the company's stock worth $1,336,000 after purchasing an additional 233 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Crane NXT by 1.2% during the fourth quarter. Corient Private Wealth LLC now owns 21,139 shares of the company's stock worth $1,231,000 after purchasing an additional 254 shares during the last quarter. Cetera Trust Company N.A raised its holdings in Crane NXT by 7.0% in the 4th quarter. Cetera Trust Company N.A now owns 4,198 shares of the company's stock valued at $244,000 after buying an additional 275 shares during the last quarter. Fifth Third Bancorp boosted its position in Crane NXT by 98.6% during the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company's stock worth $32,000 after buying an additional 276 shares during the period. Finally, Xponance Inc. grew its holdings in Crane NXT by 6.2% during the 4th quarter. Xponance Inc. now owns 5,587 shares of the company's stock worth $325,000 after acquiring an additional 328 shares during the last quarter. Institutional investors own 77.49% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CXT shares. Northland Securities lowered Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price objective on the stock. in a research note on Tuesday, February 18th. Northland Capmk lowered shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Two 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.33.

Crane NXT Trading Up 1.0 %

CXT stock traded up $0.45 during mid-day trading on Friday, reaching $44.65. The company's stock had a trading volume of 335,939 shares, compared to its average volume of 381,785. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 14.00 and a beta of 1.21. Crane NXT, Co. has a 12 month low of $41.54 and a 12 month high of $67.01. The business's 50 day moving average price is $52.24 and its 200 day moving average price is $56.78. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51.

Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.01. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. On average, equities research analysts predict that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.52%. 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 dividend payout ratio (DPR) is currently 21.32%.

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.