Crane NXT, Co. (NYSE:CXT) Stock Position Decreased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL trimmed its position in Crane NXT, Co. (NYSE:CXT - Free Report) by 64.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,353 shares of the company's stock after selling 96,566 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.09% of Crane NXT worth $3,106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CXT. Fifth Third Bancorp lifted its holdings in Crane NXT by 98.6% in the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company's stock worth $32,000 after acquiring an additional 276 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Crane NXT in the 3rd quarter worth approximately $32,000. Quarry LP acquired a new position in Crane NXT during the 4th quarter valued at approximately $42,000. Covestor Ltd increased its position in Crane NXT by 38.6% in the fourth quarter. Covestor Ltd now owns 739 shares of the company's stock worth $43,000 after buying an additional 206 shares during the period. Finally, Venturi Wealth Management LLC increased its position in Crane NXT by 985.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company's stock worth $95,000 after buying an additional 1,488 shares during the period. 77.49% of the stock is currently owned by institutional investors.

Crane NXT Price Performance

Shares of CXT stock traded up $0.11 during midday trading on Monday, reaching $48.25. 278,258 shares of the company were exchanged, compared to its average volume of 386,620. Crane NXT, Co. has a 12 month low of $41.54 and a 12 month high of $67.01. The company has a market cap of $2.77 billion, a P/E ratio of 15.13 and a beta of 1.27. The company's 50 day moving average price is $49.56 and its two-hundred day moving average price is $56.11. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14.

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

Crane NXT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.41%. This is a boost from Crane NXT's previous quarterly dividend of $0.16. Crane NXT's payout ratio is currently 21.32%.

Analysts Set New Price Targets

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

About Crane NXT

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.