Captrust Financial Advisors Purchases New Position in Crane NXT, Co. (NYSE:CXT)

Captrust Financial Advisors purchased a new stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,856 shares of the company's stock, valued at approximately $283,000.

Several other institutional investors also recently bought and sold shares of the stock. FMR LLC raised its position in Crane NXT by 4.1% during the fourth 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. Vanguard Group Inc. raised its position in Crane NXT by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 5,930,995 shares of the company's stock valued at $345,303,000 after acquiring an additional 66,800 shares in the last quarter. Wellington Management Group LLP raised its position in Crane NXT by 2.4% during the fourth quarter. Wellington Management Group LLP now owns 3,156,140 shares of the company's stock valued at $183,750,000 after acquiring an additional 72,992 shares in the last quarter. Capital International Investors raised its position in Crane NXT by 79.3% during the fourth quarter. Capital International Investors now owns 1,351,044 shares of the company's stock valued at $78,658,000 after acquiring an additional 597,537 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Crane NXT by 12.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,229,469 shares of the company's stock valued at $71,579,000 after acquiring an additional 136,810 shares in the last quarter. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Crane NXT Stock Down 3.4%

Crane NXT stock opened at $52.33 on Thursday. The stock has a market capitalization of $3.00 billion, a PE ratio of 16.41 and a beta of 1.27. Crane NXT, Co. has a 12 month low of $41.54 and a 12 month high of $67.01. The business has a 50 day simple moving average of $49.33 and a 200-day simple moving average of $55.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88.

Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. The business had revenue of $330.30 million during the quarter, compared to analysts' expectations of $318.46 million. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. The business's revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. On average, analysts anticipate that Crane NXT, Co. will post 4.16 EPS 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. Stockholders of record on Friday, May 30th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, May 30th. Crane NXT's dividend payout ratio is presently 23.37%.

Analysts Set New Price Targets

CXT has been the subject of several recent research reports. UBS Group reduced their price target on Crane NXT from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Northland Capmk cut Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. DA Davidson cut their price objective on Crane NXT from $100.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, Northland Securities cut Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price objective for the company. 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's stock. According to MarketBeat.com, Crane NXT currently has a consensus rating of "Moderate Buy" and an average price target of $73.75.

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.

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