Crane NXT, Co. (NYSE:CXT) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC decreased its holdings in Crane NXT, Co. (NYSE:CXT - Free Report) by 36.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,930 shares of the company's stock after selling 11,228 shares during the period. Gotham Asset Management LLC's holdings in Crane NXT were worth $1,160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of CXT. Capital International Investors grew its stake in shares of 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 acquiring an additional 597,537 shares in the last quarter. Conestoga Capital Advisors LLC purchased a new stake in shares of Crane NXT in the 4th quarter valued at about $31,517,000. Norges Bank purchased a new stake in shares of Crane NXT in the 4th quarter valued at about $26,754,000. FMR LLC lifted its holdings in shares of Crane NXT by 4.1% in the 4th quarter. FMR LLC now owns 8,576,731 shares of the company's stock valued at $499,337,000 after purchasing an additional 336,765 shares during the last quarter. Finally, Capital World Investors purchased a new stake in shares of Crane NXT in the 4th quarter valued at about $10,719,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Crane NXT Price Performance

CXT traded down $0.17 on Friday, hitting $52.09. 266,601 shares of the company were exchanged, compared to its average volume of 391,728. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14. The business's fifty day moving average is $49.21 and its 200 day moving average is $55.90. Crane NXT, Co. has a fifty-two week low of $41.54 and a fifty-two week high of $67.01. The firm has a market capitalization of $2.99 billion, a P/E ratio of 16.33 and a beta of 1.27.

Crane NXT (NYSE:CXT - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.54 earnings per share for the quarter, topping 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 company had revenue of $330.30 million for the quarter, compared to analyst estimates of $318.46 million. During the same period in the prior year, the business posted $0.85 earnings per share. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Dividend Announcement

The business 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 annualized dividend and a yield of 1.31%. Crane NXT's payout ratio is currently 23.37%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CXT. Northland Capmk downgraded Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. DA Davidson reduced their target price on shares of Crane NXT from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday, May 9th. 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, Northland Securities cut shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price target for the company. in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $73.75.

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.