Nomura Holdings Inc. Acquires New Shares in Crane NXT, Co. (NYSE:CXT)

Nomura Holdings Inc. acquired a new position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,525 shares of the company's stock, valued at approximately $380,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital International Investors increased its stake in Crane NXT by 79.3% during 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 in the last quarter. Conestoga Capital Advisors LLC purchased a new position in Crane NXT in the 4th quarter worth approximately $31,517,000. Norges Bank purchased a new position in Crane NXT in the 4th quarter worth approximately $26,754,000. FMR LLC lifted its position in Crane NXT by 4.1% in the 4th quarter. FMR LLC now owns 8,576,731 shares of the company's stock valued at $499,337,000 after acquiring an additional 336,765 shares in the last quarter. Finally, Capital World Investors purchased a new stake in Crane NXT during the 4th quarter valued at $10,719,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CXT shares. DA Davidson decreased their price objective on shares of Crane NXT from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday, May 9th. 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. UBS Group cut their target price on shares of Crane NXT from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Northland Capmk cut Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Crane NXT currently has an average rating of "Moderate Buy" and an average price target of $73.75.

Crane NXT Price Performance

Shares of Crane NXT stock traded down $0.64 during trading on Wednesday, reaching $53.41. 43,517 shares of the stock traded hands, compared to its average volume of 391,451. Crane NXT, Co. has a 52-week low of $41.54 and a 52-week high of $67.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88. The business has a fifty day simple moving average of $49.15 and a two-hundred day simple moving average of $55.84. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 16.74 and a beta of 1.27.

Crane NXT (NYSE:CXT - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $318.46 million. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Crane NXT's revenue was up 5.3% on a year-over-year basis. Sell-side analysts expect that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Friday, May 30th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, May 30th. Crane NXT's payout ratio is currently 23.37%.

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.