Gotham Asset Management LLC lessened its stake in shares of 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 and Exchange Commission (SEC). The firm owned 19,930 shares of the company's stock after selling 11,228 shares during the quarter. Gotham Asset Management LLC's holdings in Crane NXT were worth $1,160,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Park Avenue Securities LLC purchased a new position in shares of Crane NXT in the fourth quarter valued at approximately $527,000. Barclays PLC boosted its stake in shares of Crane NXT by 45.3% in the third quarter. Barclays PLC now owns 37,663 shares of the company's stock valued at $2,113,000 after purchasing an additional 11,734 shares during the period. Norges Bank purchased a new position in shares of Crane NXT in the fourth quarter valued at approximately $26,754,000. Sei Investments Co. lifted its stake in Crane NXT by 15.0% in the fourth quarter. Sei Investments Co. now owns 143,307 shares of the company's stock worth $8,343,000 after acquiring an additional 18,735 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Crane NXT by 110.6% in the fourth quarter. SG Americas Securities LLC now owns 8,195 shares of the company's stock worth $477,000 after acquiring an additional 4,304 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company's stock.
Analysts Set New Price Targets
CXT has been the topic of a number of analyst reports. UBS Group reduced their price objective on shares of Crane NXT from $62.00 to $60.00 and set a "neutral" rating on the stock 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 on the stock in a report on Friday, May 9th. Northland Capmk lowered shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Northland Securities lowered shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price objective on the stock. in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.75.
Read Our Latest Stock Report on CXT
Crane NXT Stock Down 3.4%
Shares of NYSE:CXT traded down $1.86 during trading on Wednesday, hitting $52.33. 245,056 shares of the company were exchanged, compared to its average volume of 389,657. The stock has a market capitalization of $3.00 billion, a P/E ratio of 16.41 and a beta of 1.27. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88. Crane NXT, Co. has a 12-month low of $41.54 and a 12-month high of $67.01. The firm's 50 day moving average price is $49.37 and its 200-day moving average price is $55.94.
Crane NXT (NYSE:CXT - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $330.30 million during the quarter, compared to the consensus estimate of $318.46 million. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. The company's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. On average, research analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.
Crane NXT Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th will be issued a $0.17 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.30%. Crane NXT's payout ratio is 23.37%.
About Crane NXT
(
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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