Peregrine Capital Management LLC Sells 5,297 Shares of Crane NXT, Co. (NYSE:CXT)

Peregrine Capital Management LLC cut its holdings in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 5.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,181 shares of the company's stock after selling 5,297 shares during the period. Peregrine Capital Management LLC owned approximately 0.17% of Crane NXT worth $5,047,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. raised its position in Crane NXT by 4.1% in the first quarter. Bessemer Group Inc. now owns 363,799 shares of the company's stock worth $18,700,000 after acquiring an additional 14,317 shares during the period. Kirr Marbach & Co. LLC IN lifted its stake in Crane NXT by 2.3% during the first quarter. Kirr Marbach & Co. LLC IN now owns 96,913 shares of the company's stock worth $4,981,000 after purchasing an additional 2,157 shares during the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of Crane NXT by 83.5% in the 1st quarter. Conestoga Capital Advisors LLC now owns 993,154 shares of the company's stock valued at $51,048,000 after purchasing an additional 451,814 shares in the last quarter. Fifth Third Bancorp boosted its holdings in 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 acquiring an additional 256 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of Crane NXT by 87.2% in the first quarter. UMB Bank n.a. now owns 702 shares of the company's stock worth $36,000 after purchasing an additional 327 shares during the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Stock Performance

Shares of CXT stock traded down $0.17 during mid-day trading on Friday, reaching $56.51. 318,224 shares of the company's stock traded hands, compared to its average volume of 410,753. Crane NXT, Co. has a 12 month low of $41.54 and a 12 month high of $67.01. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.20. The firm has a market capitalization of $3.24 billion, a PE ratio of 19.42 and a beta of 1.29. The firm has a 50 day moving average price of $53.35 and a two-hundred day moving average price of $54.91.

Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly 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. The business had revenue of $330.30 million during 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 firm's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. On average, research analysts forecast that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Friday, May 30th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Friday, May 30th. Crane NXT's dividend payout ratio (DPR) is presently 23.37%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. 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 report on Friday, May 9th. UBS Group decreased their price objective 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. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.