BNP Paribas Financial Markets Buys New Shares in Crane NXT, Co. (NYSE:CXT)

BNP Paribas Financial Markets bought a new position in Crane NXT, Co. (NYSE:CXT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 27,437 shares of the company's stock, valued at approximately $1,597,000.

A number of other large investors have also added to or reduced their stakes in the stock. Park Avenue Securities LLC purchased a new stake in Crane NXT in the 4th quarter worth $527,000. Barclays PLC increased its position in shares of Crane NXT by 45.3% during the third quarter. Barclays PLC now owns 37,663 shares of the company's stock worth $2,113,000 after acquiring an additional 11,734 shares during the period. Norges Bank bought a new position in shares of Crane NXT during the fourth quarter valued at approximately $26,754,000. Sei Investments Co. boosted its stake in shares of Crane NXT by 15.0% during the fourth quarter. Sei Investments Co. now owns 143,307 shares of the company's stock valued at $8,343,000 after purchasing an additional 18,735 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Crane NXT by 110.6% during the fourth quarter. SG Americas Securities LLC now owns 8,195 shares of the company's stock valued at $477,000 after acquiring an additional 4,304 shares during the last quarter. Institutional investors own 77.49% of the company's stock.

Crane NXT Trading Down 0.3%

Shares of Crane NXT stock traded down $0.17 on Friday, reaching $52.09. The company had a trading volume of 266,601 shares, compared to its average volume of 392,807. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14. The firm has a market cap of $2.99 billion, a PE ratio of 16.33 and a beta of 1.27. The firm's 50 day moving average price is $49.21 and its two-hundred day moving average price is $55.89. Crane NXT, Co. has a 52-week low of $41.54 and a 52-week high of $67.01.

Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.54 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $318.46 million. During the same quarter in the previous year, the business posted $0.85 EPS. The firm's revenue was up 5.3% on a year-over-year basis. Sell-side analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders 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 yield of 1.31%. The ex-dividend date is Friday, May 30th. Crane NXT's dividend payout ratio (DPR) is presently 23.37%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. UBS Group reduced their target price on shares of Crane NXT from $62.00 to $60.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. DA Davidson dropped their target price on shares of Crane NXT from $100.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Northland Capmk lowered shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, Northland Securities lowered 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 research report on Tuesday, February 18th. Three equities 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $73.75.

Crane NXT 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.