CW Advisors LLC Raises Stock Position in Crane NXT, Co. $CXT

Key Points

• CW Advisors LLC increased its stake in Crane NXT by 5.0%, owning approximately 0.20% of the company and worth $5.8 million.
• Several institutions have also increased their positions, with hedge funds collectively owning 77.49% of Crane NXT's shares.
• Crane NXT recently declared a $0.17 quarterly dividend, providing a yield of 1.1%, with a payout ratio of 25.95%.

CW Advisors LLC raised its position in Crane NXT, Co. (NYSE:CXT - Free Report) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,802 shares of the company's stock after purchasing an additional 5,373 shares during the quarter. CW Advisors LLC owned about 0.20% of Crane NXT worth $5,849,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CXT. Park Square Financial Group LLC acquired a new position in Crane NXT in the fourth quarter valued at approximately $26,000. UMB Bank n.a. raised its position in Crane NXT by 87.2% in the first quarter. UMB Bank n.a. now owns 702 shares of the company's stock valued at $36,000 after purchasing an additional 327 shares during the period. Quarry LP acquired a new position in shares of Crane NXT in 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 worth $42,000 after purchasing an additional 256 shares during the period. Finally, Wayfinding Financial LLC purchased a new position in shares of Crane NXT during the 1st quarter worth $44,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. DA Davidson reaffirmed a "buy" rating and issued a $85.00 target price on shares of Crane NXT in a research report on Monday, August 18th. UBS Group reduced their price target on shares of Crane NXT from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Crane NXT presently has a consensus rating of "Moderate Buy" and an average price target of $73.75.

Crane NXT Stock Performance

NYSE CXT opened at $63.2770 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.20 and a quick ratio of 0.89. The company has a market cap of $3.63 billion, a P/E ratio of 24.15 and a beta of 1.33. The stock has a 50-day moving average of $57.69 and a two-hundred day moving average of $54.30. Crane NXT, Co. has a 1-year low of $41.54 and a 1-year high of $67.00.

Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. The business had revenue of $404.40 million during the quarter, compared to analyst estimates of $382.79 million. Crane NXT had a net margin of 9.84% and a return on equity of 20.22%. As a group, analysts anticipate that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. Crane NXT's dividend payout ratio (DPR) is currently 25.95%.

Crane NXT Company 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.

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