Brown Advisory Inc. Has $25.96 Million Stock Holdings in Crane NXT, Co. (NYSE:CXT)

Brown Advisory Inc. lowered its holdings in Crane NXT, Co. (NYSE:CXT - Free Report) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 505,066 shares of the company's stock after selling 20,112 shares during the quarter. Brown Advisory Inc. owned about 0.88% of Crane NXT worth $25,960,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC boosted 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. boosted its stake in Crane NXT by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 5,930,995 shares of the company's stock worth $345,303,000 after purchasing an additional 66,800 shares in the last quarter. Wellington Management Group LLP boosted its stake in Crane NXT by 2.4% in the fourth quarter. Wellington Management Group LLP now owns 3,156,140 shares of the company's stock worth $183,750,000 after purchasing an additional 72,992 shares in the last quarter. Capital International Investors boosted its stake in Crane NXT by 79.3% in the fourth quarter. Capital International Investors now owns 1,351,044 shares of the company's stock worth $78,658,000 after purchasing an additional 597,537 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Crane NXT by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,229,469 shares of the company's stock worth $71,579,000 after purchasing an additional 136,810 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CXT shares. UBS Group cut their price target on Crane NXT from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. 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 research note on Friday, May 9th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $73.75.

Crane NXT Trading Down 1.1%

NYSE CXT traded down $0.67 on Friday, reaching $58.63. The company had a trading volume of 253,504 shares, compared to its average volume of 406,649. The stock's 50 day moving average is $54.37 and its 200-day moving average is $54.90. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 20.15 and a beta of 1.29. The company has a quick ratio of 0.92, a current ratio of 1.20 and a debt-to-equity ratio of 0.49. Crane NXT, Co. has a 52 week low of $41.54 and a 52 week high of $67.01.

Crane NXT (NYSE:CXT - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Crane NXT had a return on equity of 21.58% and a net margin of 11.17%. The business had revenue of $330.30 million during the quarter, compared to the consensus estimate of $318.46 million. During the same quarter in the prior year, the company posted $0.85 earnings per share. The firm's revenue was up 5.3% on a year-over-year basis. Equities analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Friday, May 30th were issued a $0.17 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.16%. Crane NXT's dividend payout ratio (DPR) is currently 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.