Boston Partners Grows Stock Holdings 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 first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,062 shares of the company's stock after buying an additional 5,749 shares during the quarter. Boston Partners' holdings in Crane NXT were worth $1,442,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CXT. Renaissance Technologies LLC lifted its stake in shares of Crane NXT by 319.7% during the 4th quarter. Renaissance Technologies LLC now owns 31,900 shares of the company's stock valued at $1,857,000 after buying an additional 24,300 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Crane NXT in the 4th quarter valued at $2,580,000. Barclays PLC increased its holdings in Crane NXT by 66.6% in the 4th quarter. Barclays PLC now owns 62,750 shares of the company's stock valued at $3,654,000 after acquiring an additional 25,087 shares during the last quarter. Mariner LLC bought a new stake in Crane NXT in the 4th quarter valued at $206,000. Finally, XTX Topco Ltd increased its holdings in Crane NXT by 68.4% in the 4th quarter. XTX Topco Ltd now owns 9,759 shares of the company's stock valued at $568,000 after acquiring an additional 3,965 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company's stock.

Crane NXT Stock Performance

Crane NXT stock opened at $59.46 on Monday. The company's 50-day moving average price is $57.14 and its 200-day moving average price is $54.26. Crane NXT, Co. has a twelve month low of $41.54 and a twelve month high of $67.00. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.73. The company has a market cap of $3.41 billion, a PE ratio of 22.69 and a beta of 1.33.

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

Crane NXT Dividend Announcement

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 issued a $0.17 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. Crane NXT's payout ratio is 25.95%.

Analyst Ratings Changes

CXT has been the topic of a number of research reports. UBS Group reduced their price target on shares of Crane NXT from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. DA Davidson reduced their price target on shares of Crane NXT from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $73.75.

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.

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