Crane NXT, Co. (NYSE:CXT) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its position in Crane NXT, Co. (NYSE:CXT - Free Report) by 10.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 283,149 shares of the company's stock after selling 33,147 shares during the period. Nuveen Asset Management LLC owned 0.50% of Crane NXT worth $16,485,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Crane NXT by 4.1% during the 4th quarter. FMR LLC now owns 8,576,731 shares of the company's stock valued at $499,337,000 after purchasing an additional 336,765 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Crane NXT by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 5,930,995 shares of the company's stock worth $345,303,000 after acquiring an additional 66,800 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Crane NXT by 2.4% during the 4th quarter. Wellington Management Group LLP now owns 3,156,140 shares of the company's stock worth $183,750,000 after acquiring an additional 72,992 shares in the last quarter. Capital International Investors lifted its stake 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Crane NXT by 12.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,229,469 shares of the company's stock valued at $71,579,000 after buying an additional 136,810 shares in the last quarter. Hedge funds and other institutional investors own 77.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Northland Capmk lowered shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. UBS Group dropped their target price 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. DA Davidson dropped their price target on shares of Crane NXT from $100.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Northland Securities downgraded shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price target for the company. in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $73.75.

Crane NXT Stock Up 0.4%

Shares of Crane NXT stock traded up $0.20 during trading on Thursday, hitting $53.85. 167,555 shares of the stock were exchanged, compared to its average volume of 392,301. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 16.88 and a beta of 1.27. The firm's 50-day moving average price is $49.16 and its 200 day moving average price is $55.82. 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 0.51, a current ratio of 1.14 and a quick ratio of 0.88.

Crane NXT (NYSE:CXT - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.54 earnings per share (EPS) 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 analysts' expectations of $318.46 million. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. As a group, analysts forecast that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The company also recently disclosed 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 of this dividend is Friday, May 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.26%. Crane NXT's dividend payout ratio (DPR) is currently 23.37%.

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.