Crane NXT, Co. (NYSE:CXT) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL trimmed its stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 64.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,353 shares of the company's stock after selling 96,566 shares during the period. 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 & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp increased its holdings in shares of 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 purchasing an additional 276 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Crane NXT during the 3rd quarter valued at $32,000. Quarry LP bought a new stake in shares of Crane NXT in the 4th quarter worth about $42,000. Covestor Ltd increased its stake 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 purchasing an additional 206 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in Crane NXT by 985.4% in the 4th 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 hedge funds and other institutional investors.

Crane NXT Stock Performance

Shares of CXT traded up $2.61 during midday trading on Thursday, reaching $50.25. 103,816 shares of the stock were exchanged, compared to its average volume of 431,319. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 15.75 and a beta of 1.27. Crane NXT, Co. has a twelve month low of $41.54 and a twelve month high of $67.00. The business's 50-day moving average price is $49.23 and its 200 day moving average price is $56.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88.

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 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 company had revenue of $330.30 million during the quarter, compared to the consensus estimate of $318.46 million. During the same period last year, the firm earned $0.85 EPS. The company's revenue for the quarter was up 5.3% on a year-over-year basis. On average, sell-side analysts expect that Crane NXT, Co. will post 4.16 EPS for the current fiscal 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 issued a dividend of $0.17 per share. This is a boost from Crane NXT's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.35%. Crane NXT's dividend payout ratio (DPR) is 21.32%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CXT. Northland Securities cut 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 report on Tuesday, February 18th. Northland Capmk lowered shares of 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.