Crane NXT, Co. (NYSE:CXT) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in Crane NXT, Co. (NYSE:CXT - Free Report) by 176.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,789 shares of the company's stock after buying an additional 11,349 shares during the period. Cetera Investment Advisers' holdings in Crane NXT were worth $1,036,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Covestor Ltd increased its holdings in Crane NXT by 38.6% in the 4th quarter. Covestor Ltd now owns 739 shares of the company's stock worth $43,000 after buying an additional 206 shares during the period. Amalgamated Bank increased its stake in shares of Crane NXT by 1.0% in the fourth quarter. Amalgamated Bank now owns 22,950 shares of the company's stock worth $1,336,000 after acquiring an additional 233 shares during the period. Corient Private Wealth LLC raised its holdings in shares of Crane NXT by 1.2% during the fourth quarter. Corient Private Wealth LLC now owns 21,139 shares of the company's stock worth $1,231,000 after purchasing an additional 254 shares during the last quarter. Fifth Third Bancorp lifted its position in Crane NXT by 98.6% during the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company's stock valued at $32,000 after purchasing an additional 276 shares during the period. Finally, Xponance Inc. boosted its holdings in Crane NXT by 6.2% in the fourth quarter. Xponance Inc. now owns 5,587 shares of the company's stock valued at $325,000 after purchasing an additional 328 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Price Performance

CXT stock traded up $0.48 during mid-day trading on Thursday, reaching $54.13. 340,176 shares of the company's stock were exchanged, compared to its average volume of 393,588. 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 12-month low of $41.54 and a 12-month high of $67.01. The stock's 50 day moving average is $49.17 and its 200 day moving average is $55.81. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 16.97 and a beta of 1.27.

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, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $330.30 million during the quarter, compared to analyst estimates of $318.46 million. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. Crane NXT's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 EPS. On average, research analysts expect that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Friday, May 30th will be given a dividend of $0.17 per share. 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 payout ratio is 23.37%.

Wall Street Analysts Forecast Growth

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