Fuller & Thaler Asset Management Inc. Has $19.78 Million Stock Holdings in Crane NXT, Co. $CXT

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in Crane NXT by 28.3%, now owning 384,810 shares worth approximately $19.78 million.
• Crane NXT reported $0.97 earnings per share, exceeding analyst expectations, and a revenue of $404.40 million for the quarter.
• The company declared a quarterly dividend of $0.17 per share, to be paid on September 10th, with an annualized yield of 1.1%.

Fuller & Thaler Asset Management Inc. cut its position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 28.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 384,810 shares of the company's stock after selling 152,225 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.67% of Crane NXT worth $19,779,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of Crane NXT by 16.2% during the 1st quarter. Wellington Management Group LLP now owns 3,668,953 shares of the company's stock worth $188,584,000 after purchasing an additional 512,813 shares during the last quarter. Boston Partners increased its stake in shares of Crane NXT by 25.8% during the 1st quarter. Boston Partners now owns 28,062 shares of the company's stock worth $1,442,000 after purchasing an additional 5,749 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Crane NXT by 10.9% during the 1st quarter. Russell Investments Group Ltd. now owns 187,847 shares of the company's stock worth $9,655,000 after purchasing an additional 18,530 shares during the last quarter. Invesco Ltd. increased its stake in shares of Crane NXT by 4.0% during the 1st quarter. Invesco Ltd. now owns 1,064,749 shares of the company's stock worth $54,728,000 after purchasing an additional 40,602 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its stake in shares of Crane NXT by 9.6% during the 1st quarter. Benjamin Edwards Inc. now owns 14,197 shares of the company's stock worth $730,000 after purchasing an additional 1,238 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Stock Performance

NYSE CXT opened at $60.5250 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $3.48 billion, a P/E ratio of 23.10 and a beta of 1.33. Crane NXT, Co. has a 12-month low of $41.54 and a 12-month high of $67.00. The firm has a 50-day moving average price of $57.32 and a two-hundred day moving average price of $54.28.

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

Crane NXT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 29th. Crane NXT's dividend payout ratio is 25.95%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CXT. DA Davidson reiterated a "buy" rating and issued a $85.00 price target on shares of Crane NXT in a research note on Monday. UBS Group decreased 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 equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $73.75.

About Crane NXT

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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