Boston Partners Boosts Stake in Crane NXT, Co. $CXT

Boston Partners lifted its position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 25.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,062 shares of the company's stock after purchasing an additional 5,749 shares during the quarter. Boston Partners' holdings in Crane NXT were worth $1,442,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CXT. Renaissance Technologies LLC boosted its holdings in Crane NXT by 319.7% in the fourth quarter. Renaissance Technologies LLC now owns 31,900 shares of the company's stock worth $1,857,000 after acquiring an additional 24,300 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Crane NXT in the fourth quarter worth $2,580,000. Barclays PLC boosted its holdings in Crane NXT by 66.6% in the fourth quarter. Barclays PLC now owns 62,750 shares of the company's stock worth $3,654,000 after acquiring an additional 25,087 shares in the last quarter. Mariner LLC bought a new stake in Crane NXT in the fourth quarter worth $206,000. Finally, XTX Topco Ltd raised its stake in shares of Crane NXT by 68.4% in the fourth quarter. XTX Topco Ltd now owns 9,759 shares of the company's stock worth $568,000 after purchasing an additional 3,965 shares during the last quarter. 77.49% of the stock is owned by institutional investors.

Crane NXT Stock Performance

Shares of NYSE:CXT traded up $2.8750 during midday trading on Friday, hitting $63.0250. The company had a trading volume of 64,228 shares, compared to its average volume of 422,352. Crane NXT, Co. has a 12-month low of $41.54 and a 12-month high of $67.00. The company has a fifty day moving average of $57.51 and a two-hundred day moving average of $54.30. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 24.07 and a beta of 1.33. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.20 and a quick ratio of 0.89.

Crane NXT (NYSE:CXT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. Crane NXT had a return on equity of 20.22% and a net margin of 9.84%.The business had revenue of $404.40 million for the quarter, compared to the consensus estimate of $382.79 million. On average, equities research analysts expect that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Crane NXT's dividend payout ratio is currently 25.95%.

Wall Street Analysts Forecast Growth

CXT has been the subject of several recent analyst reports. UBS Group decreased their price target on Crane NXT from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. DA Davidson restated a "buy" rating and issued a $85.00 price target on shares of Crane NXT in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.