Intech Investment Management LLC Has $1.92 Million Stock Position in Crane NXT, Co. $CXT

Key Points

• Intech Investment Management LLC has reduced its holdings in Crane NXT, Co. by 21.9%, now owning 37,319 shares worth approximately $1.9 million.
• Crane NXT reported earnings of $0.97 per share for the last quarter, exceeding analysts' expectations of $0.92, with a revenue of $404.4 million.
• The company has recently declared a $0.17 quarterly dividend, representing an annual yield of 1.2%, with a payout ratio of 25.95%.

Intech Investment Management LLC lessened its position in Crane NXT, Co. (NYSE:CXT - Free Report) by 21.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,319 shares of the company's stock after selling 10,467 shares during the period. Intech Investment Management LLC owned approximately 0.07% of Crane NXT worth $1,918,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Park Square Financial Group LLC acquired a new stake in shares of Crane NXT in the 4th quarter worth about $26,000. UMB Bank n.a. increased its holdings in shares of Crane NXT by 87.2% in the 1st quarter. UMB Bank n.a. now owns 702 shares of the company's stock worth $36,000 after acquiring an additional 327 shares during the period. Jones Financial Companies Lllp grew its position in Crane NXT by 120.3% in the 1st quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock valued at $37,000 after buying an additional 391 shares in the last quarter. Fifth Third Bancorp grew its position in Crane NXT by 46.0% in the 1st quarter. Fifth Third Bancorp now owns 812 shares of the company's stock valued at $42,000 after buying an additional 256 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in Crane NXT in the 1st quarter valued at about $44,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson reiterated a "buy" rating and issued a $85.00 target price on shares of Crane NXT in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.75.

Crane NXT Stock Performance

CXT stock traded down $1.21 on Friday, reaching $56.41. 738,997 shares of the company were exchanged, compared to its average volume of 398,914. Crane NXT, Co. has a 12 month low of $41.54 and a 12 month high of $67.00. The stock's fifty day moving average price is $59.43 and its 200 day moving average price is $54.48. The firm has a market capitalization of $3.24 billion, a PE ratio of 21.53 and a beta of 1.37. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.20 and a quick ratio of 0.89.

Crane NXT (NYSE:CXT - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) 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 business had revenue of $404.40 million for the quarter, compared to analyst estimates of $382.79 million. On average, research analysts anticipate that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. Crane NXT's payout ratio is 25.95%.

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.