Crane NXT, Co. (NYSE:CXT) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. increased its position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 7.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 155,396 shares of the company's stock after purchasing an additional 10,125 shares during the period. D.A. Davidson & CO. owned approximately 0.27% of Crane NXT worth $7,987,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Capital International Investors boosted its position in Crane NXT by 79.3% in the 4th quarter. Capital International Investors now owns 1,351,044 shares of the company's stock valued at $78,658,000 after buying an additional 597,537 shares during the period. Silvercrest Asset Management Group LLC boosted its position in Crane NXT by 95.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,021,474 shares of the company's stock valued at $59,470,000 after buying an additional 499,290 shares during the period. Norges Bank purchased a new stake in Crane NXT in the 4th quarter valued at about $26,754,000. Conestoga Capital Advisors LLC boosted its position in 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 buying an additional 451,814 shares during the period. Finally, FMR LLC boosted its position in 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 buying an additional 336,765 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Stock Up 2.5%

Shares of CXT traded up $1.36 during mid-day trading on Tuesday, hitting $56.75. The company's stock had a trading volume of 160,419 shares, compared to its average volume of 408,036. The company's 50-day moving average is $53.51 and its 200-day moving average is $54.87. Crane NXT, Co. has a 52-week low of $41.54 and a 52-week high of $67.01. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 19.50 and a beta of 1.29. The company has a current ratio of 1.20, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49.

Crane NXT (NYSE:CXT - Get Free Report) last announced 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 firm had revenue of $330.30 million during the quarter, compared to analysts' expectations of $318.46 million. Crane NXT had a net margin of 11.17% and a return on equity of 21.58%. The company's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS. On average, equities research analysts forecast that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Announces Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on CXT. UBS Group lowered their price objective on shares of Crane NXT from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. DA Davidson lowered their price objective on shares of Crane NXT from $100.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.