Victory Capital Management Inc. boosted its holdings in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 13.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,367,931 shares of the company's stock after acquiring an additional 161,417 shares during the quarter. Victory Capital Management Inc. owned about 2.38% of Crane NXT worth $70,312,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of CXT. FMR LLC grew its stake in Crane NXT by 4.1% in the fourth quarter. FMR LLC now owns 8,576,731 shares of the company's stock worth $499,337,000 after purchasing an additional 336,765 shares in the last quarter. Vanguard Group Inc. raised its position in shares of 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 buying an additional 66,800 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Crane NXT by 2.4% in the fourth quarter. Wellington Management Group LLP now owns 3,156,140 shares of the company's stock valued at $183,750,000 after purchasing an additional 72,992 shares in the last quarter. Capital International Investors lifted its position in Crane NXT by 79.3% in the 4th 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 holdings in shares of Crane NXT by 12.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,229,469 shares of the company's stock valued at $71,579,000 after purchasing an additional 136,810 shares during the period. 77.49% of the stock is owned by institutional investors and hedge funds.
Crane NXT Stock Performance
NYSE CXT opened at $57.42 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. Crane NXT, Co. has a twelve month low of $41.54 and a twelve month high of $67.01. The company has a market capitalization of $3.29 billion, a PE ratio of 19.73 and a beta of 1.29. The business's 50-day moving average price is $55.03 and its 200 day moving average price is $54.89.
Crane NXT (NYSE:CXT - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. The firm had revenue of $330.30 million for the quarter, compared to the consensus estimate of $318.46 million. Crane NXT had a return on equity of 21.58% and a net margin of 11.17%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. On average, research analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current year.
Crane NXT Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Friday, May 30th. Crane NXT's dividend payout ratio is presently 23.37%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on CXT shares. UBS Group reduced 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. DA Davidson reduced their price objective on shares of Crane NXT from $100.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $73.75.
Check Out Our Latest Analysis on Crane NXT
Crane NXT Company Profile
(
Free Report)
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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