Cetera Investment Advisers Raises Holdings in Crane NXT, Co. (NYSE:CXT)

Cetera Investment Advisers lifted its holdings in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 176.2% during 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 acquiring 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 reporting period.

Other institutional investors have also modified their holdings of the company. Barclays PLC increased its position in 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 acquiring an additional 11,734 shares during the period. Park Avenue Securities LLC purchased a new position in shares of Crane NXT in the 4th quarter valued at approximately $527,000. SG Americas Securities LLC increased its holdings in shares of Crane NXT by 110.6% in the fourth quarter. SG Americas Securities LLC now owns 8,195 shares of the company's stock valued at $477,000 after purchasing an additional 4,304 shares during the period. Fifth Third Bancorp raised its stake in shares of Crane NXT by 98.6% during the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company's stock worth $32,000 after purchasing an additional 276 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its holdings in shares of Crane NXT by 2.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 20,623 shares of the company's stock worth $1,201,000 after purchasing an additional 489 shares during the period. 77.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Northland Securities cut shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price objective on the stock. in a research note on Tuesday, February 18th. Northland Capmk lowered shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. UBS Group cut their price target 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. Finally, 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 report on Friday, May 9th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $73.75.

Crane NXT Price Performance

Shares of NYSE CXT traded up $2.06 during trading on Tuesday, hitting $54.05. 399,599 shares of the company were exchanged, compared to its average volume of 392,834. 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 1 year low of $41.54 and a 1 year high of $67.01. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 16.94 and a beta of 1.27. The firm's fifty day moving average price is $49.14 and its 200 day moving average price is $55.85.

Crane NXT (NYSE:CXT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. The firm had revenue of $330.30 million during the quarter, compared to analysts' expectations of $318.46 million. During the same quarter last year, the business earned $0.85 earnings per share. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, sell-side analysts expect that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders 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%.

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.