Ancora Advisors LLC Trims Position in Crane NXT, Co. (NYSE:CXT)

Ancora Advisors LLC trimmed its position in Crane NXT, Co. (NYSE:CXT - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 303,276 shares of the company's stock after selling 23,498 shares during the period. Ancora Advisors LLC owned approximately 0.53% of Crane NXT worth $17,657,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp boosted its stake in shares of Crane NXT by 98.6% in the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company's stock valued at $32,000 after buying an additional 276 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Crane NXT in the third quarter valued at $32,000. Quarry LP purchased a new stake in shares of Crane NXT during the 4th quarter worth $42,000. Covestor Ltd grew its stake in shares of Crane NXT by 38.6% during the 4th 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 holdings in shares of Crane NXT by 985.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company's stock valued at $95,000 after purchasing an additional 1,488 shares in the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

Crane NXT Price Performance

Shares of NYSE:CXT traded up $0.11 during midday trading on Monday, hitting $48.25. 278,258 shares of the stock were exchanged, compared to its average volume of 386,620. Crane NXT, Co. has a twelve month low of $41.54 and a twelve month high of $67.01. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average price of $49.56 and a 200-day moving average price of $56.11. The stock has a market cap of $2.77 billion, a P/E ratio of 15.13 and a beta of 1.27.

Crane NXT (NYSE:CXT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, research analysts forecast that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Increases Dividend

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

Analysts Set New Price Targets

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