17,293 Shares in Crane NXT, Co. (NYSE:CXT) Acquired by Crestline Management LP

Crestline Management LP bought a new position in Crane NXT, Co. (NYSE:CXT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 17,293 shares of the company's stock, valued at approximately $1,007,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital International Investors boosted its holdings in Crane NXT by 79.3% in the 4th quarter. Capital International Investors now owns 1,351,044 shares of the company's stock valued at $78,658,000 after purchasing an additional 597,537 shares during the period. Conestoga Capital Advisors LLC acquired a new position in shares of Crane NXT during the fourth quarter valued at about $31,517,000. Norges Bank bought a new stake in shares of Crane NXT in the fourth quarter valued at about $26,754,000. FMR LLC grew its position in Crane NXT by 4.1% during the fourth quarter. FMR LLC now owns 8,576,731 shares of the company's stock worth $499,337,000 after buying an additional 336,765 shares in the last quarter. Finally, Capital World Investors bought a new position in Crane NXT during the fourth quarter valued at about $10,719,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Crane NXT Price Performance

CXT stock traded up $2.52 during trading on Monday, hitting $55.32. The company had a trading volume of 401,765 shares, compared to its average volume of 389,007. 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 fifty day moving average price of $49.15 and a two-hundred day moving average price of $55.95. Crane NXT, Co. has a fifty-two week low of $41.54 and a fifty-two week high of $67.01. The company has a market cap of $3.17 billion, a P/E ratio of 17.34 and a beta of 1.27.

Crane NXT (NYSE:CXT - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.54 earnings per share (EPS) 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 business had revenue of $330.30 million during the quarter, compared to analysts' expectations of $318.46 million. During the same quarter last year, the company posted $0.85 EPS. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts expect that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, May 30th. Crane NXT's payout ratio is presently 23.37%.

Wall Street Analysts Forecast Growth

CXT has been the topic of several recent research reports. DA Davidson decreased their price objective on Crane NXT from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Friday. Northland Capmk cut Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, 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 note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Crane NXT currently has an average rating of "Moderate Buy" and a consensus target price of $78.33.

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.