Dimensional Fund Advisors LP Acquires 136,810 Shares of Crane NXT, Co. (NYSE:CXT)

Dimensional Fund Advisors LP grew its stake in Crane NXT, Co. (NYSE:CXT - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,229,469 shares of the company's stock after purchasing an additional 136,810 shares during the quarter. Dimensional Fund Advisors LP owned about 2.15% of Crane NXT worth $71,579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Fifth Third Bancorp lifted its stake in 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 during the period. Wilmington Savings Fund Society FSB bought a new position in Crane NXT during the 3rd quarter worth approximately $32,000. Covestor Ltd grew its holdings in Crane NXT by 38.6% during the fourth quarter. Covestor Ltd now owns 739 shares of the company's stock valued at $43,000 after purchasing an additional 206 shares during the period. Venturi Wealth Management LLC increased its stake in Crane NXT by 985.4% in the fourth 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. Finally, Cascade Financial Partners LLC bought a new position in shares of Crane NXT during the fourth quarter worth $202,000. 77.49% of the stock is currently owned by institutional investors.

Crane NXT Stock Down 1.2 %

Shares of NYSE:CXT traded down $0.57 during midday trading on Tuesday, reaching $47.62. 10,111 shares of the company were exchanged, compared to its average volume of 385,131. The firm has a market cap of $2.73 billion, a PE ratio of 14.94 and a beta of 1.27. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51. Crane NXT, Co. has a fifty-two week low of $41.54 and a fifty-two week high of $67.01. The stock has a fifty day simple moving average of $49.56 and a two-hundred day simple moving average of $56.11.

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

Crane NXT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a dividend of $0.17 per share. This is a boost from Crane NXT's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Friday, February 28th. Crane NXT's dividend payout ratio (DPR) is currently 21.32%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Northland Capmk cut shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Northland Securities downgraded Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price target for the company. in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Crane NXT presently has an average rating of "Moderate Buy" and a consensus target price of $83.33.

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.