Crane NXT, Co. (NYSE:CXT) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its holdings in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 58.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,573 shares of the company's stock after selling 39,519 shares during the period. Jane Street Group LLC's holdings in Crane NXT were worth $1,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CXT. Fifth Third Bancorp boosted its position in Crane NXT by 98.6% during the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company's stock worth $32,000 after purchasing an additional 276 shares during the period. Quarry LP purchased a new position in Crane NXT in the 4th quarter valued at about $42,000. Covestor Ltd grew its stake in shares of Crane NXT by 38.6% during the fourth quarter. Covestor Ltd now owns 739 shares of the company's stock valued at $43,000 after acquiring an additional 206 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Crane NXT by 985.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company's stock worth $95,000 after acquiring an additional 1,488 shares during the last quarter. Finally, Cascade Financial Partners LLC acquired a new position in shares of Crane NXT in the fourth quarter worth about $202,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on CXT shares. UBS Group reduced their price target on Crane NXT from $62.00 to $60.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Northland Securities downgraded Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price target for the company. in a report on Tuesday, February 18th. DA Davidson reduced their price target on Crane NXT from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, Northland Capmk downgraded Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $73.75.

Crane NXT Stock Down 0.3%

Shares of CXT stock traded down $0.17 during trading hours on Friday, hitting $52.09. 266,601 shares of the company were exchanged, compared to its average volume of 392,807. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14. Crane NXT, Co. has a one year low of $41.54 and a one year high of $67.01. The business's 50-day simple moving average is $49.21 and its two-hundred day simple moving average is $55.89. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 16.33 and a beta of 1.27.

Crane NXT (NYSE:CXT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. The business had revenue of $330.30 million for the quarter, compared to analysts' expectations of $318.46 million. During the same quarter last year, the company posted $0.85 earnings per share. The company's quarterly revenue was up 5.3% compared to the same quarter last year. Sell-side analysts predict that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, May 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.31%. Crane NXT's payout ratio is 23.37%.

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.