Captrust Financial Advisors Makes New $283,000 Investment in Crane NXT, Co. (NYSE:CXT)

Captrust Financial Advisors purchased a new position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,856 shares of the company's stock, valued at approximately $283,000.

Other large investors have also bought and sold shares of the company. Park Avenue Securities LLC acquired a new position in Crane NXT in the fourth quarter valued at about $527,000. Barclays PLC grew its position in shares of Crane NXT by 45.3% in the 3rd quarter. Barclays PLC now owns 37,663 shares of the company's stock valued at $2,113,000 after purchasing an additional 11,734 shares during the period. Norges Bank bought a new stake in Crane NXT during the 4th quarter worth approximately $26,754,000. Sei Investments Co. increased its stake in Crane NXT by 15.0% during the 4th quarter. Sei Investments Co. now owns 143,307 shares of the company's stock worth $8,343,000 after purchasing an additional 18,735 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Crane NXT by 110.6% during the 4th quarter. SG Americas Securities LLC now owns 8,195 shares of the company's stock worth $477,000 after buying an additional 4,304 shares during the period. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CXT shares. UBS Group lowered their price objective 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. Northland Securities cut Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 target price for the company. in a report on Tuesday, February 18th. DA Davidson cut their price target on Crane NXT from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Northland Capmk downgraded 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $73.75.

Crane NXT Stock Up 4.0%

CXT stock traded up $2.06 during midday trading on Tuesday, hitting $54.05. The company's stock had a trading volume of 399,599 shares, compared to its average volume of 392,834. The company's fifty day moving average price is $49.15 and its 200 day moving average price is $55.84. 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, Co. has a twelve month low of $41.54 and a twelve month high of $67.01. The stock has a market capitalization of $3.10 billion, a P/E ratio of 16.94 and a beta of 1.27.

Crane NXT (NYSE:CXT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. The company 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%. Crane NXT's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS. As a group, equities research analysts predict that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, May 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.26%. Crane NXT's dividend payout ratio is 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.