Brown Advisory Inc. Trims Stock Holdings in Crane NXT, Co. (NYSE:CXT)

Brown Advisory Inc. cut its position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 505,066 shares of the company's stock after selling 20,112 shares during the quarter. Brown Advisory Inc. owned approximately 0.88% of Crane NXT worth $25,960,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CXT. Park Square Financial Group LLC bought a new position in Crane NXT during the fourth quarter valued at approximately $26,000. UMB Bank n.a. boosted its stake 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 valued at $36,000 after purchasing an additional 327 shares in the last quarter. Quarry LP bought a new position in shares of Crane NXT during the 4th quarter valued at $42,000. Fifth Third Bancorp grew its holdings in shares of Crane NXT by 46.0% during the 1st quarter. Fifth Third Bancorp now owns 812 shares of the company's stock valued at $42,000 after purchasing an additional 256 shares during the last quarter. Finally, Covestor Ltd raised its position 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 purchasing an additional 206 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CXT. UBS Group reduced their price objective 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 reduced their price target 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. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $73.75.

Crane NXT Trading Down 1.1%

Crane NXT stock traded down $0.67 during trading hours on Friday, reaching $58.63. The stock had a trading volume of 253,504 shares, compared to its average volume of 406,710. The company has a fifty day simple moving average of $54.37 and a 200-day simple moving average of $54.92. Crane NXT, Co. has a 52 week low of $41.54 and a 52 week high of $67.01. The stock has a market cap of $3.36 billion, a PE ratio of 20.15 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.20 and a quick ratio of 0.92.

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

Crane NXT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th were paid a dividend of $0.17 per share. 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 presently 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.