Segall Bryant & Hamill LLC Has $12.52 Million Stake in Crane NXT, Co. (NYSE:CXT)

Segall Bryant & Hamill LLC reduced its holdings in Crane NXT, Co. (NYSE:CXT - Free Report) by 15.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 243,514 shares of the company's stock after selling 44,799 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.42% of Crane NXT worth $12,517,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FMR LLC raised its holdings in Crane NXT by 4.1% in the fourth quarter. FMR LLC now owns 8,576,731 shares of the company's stock worth $499,337,000 after purchasing an additional 336,765 shares during the period. Vanguard Group Inc. raised its holdings in Crane NXT by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 5,930,995 shares of the company's stock worth $345,303,000 after purchasing an additional 66,800 shares during the period. Wellington Management Group LLP raised its holdings in Crane NXT by 2.4% in the fourth quarter. Wellington Management Group LLP now owns 3,156,140 shares of the company's stock worth $183,750,000 after purchasing an additional 72,992 shares during the period. Victory Capital Management Inc. increased its position in shares of Crane NXT by 13.4% during the first quarter. Victory Capital Management Inc. now owns 1,367,931 shares of the company's stock worth $70,312,000 after acquiring an additional 161,417 shares in the last quarter. Finally, Capital International Investors increased its position in shares of Crane NXT by 79.3% during the fourth quarter. Capital International Investors now owns 1,351,044 shares of the company's stock worth $78,658,000 after acquiring an additional 597,537 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CXT has been the subject of several research reports. 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. UBS Group decreased their target price 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. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Crane NXT has a consensus rating of "Moderate Buy" and an average price target of $73.75.

Crane NXT Stock Performance

CXT stock traded down $0.06 during trading hours on Friday, reaching $57.29. The stock had a trading volume of 327,217 shares, compared to its average volume of 405,090. The stock has a market capitalization of $3.29 billion, a PE ratio of 19.69 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.20 and a quick ratio of 0.92. The stock has a 50-day simple moving average of $55.12 and a 200 day simple moving average of $54.87. Crane NXT, Co. has a fifty-two week low of $41.54 and a fifty-two week high of $67.01.

Crane NXT (NYSE:CXT - Get Free Report) last issued its quarterly earnings data 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. Crane NXT had a net margin of 11.17% and a return on equity of 21.58%. The business had revenue of $330.30 million during the quarter, compared to analysts' expectations of $318.46 million. During the same quarter in the previous year, the company earned $0.85 EPS. The business's revenue was up 5.3% on a year-over-year basis. 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 was paid on Wednesday, June 11th. Investors of record on Friday, May 30th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Friday, May 30th. Crane NXT's dividend payout ratio (DPR) is presently 23.37%.

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.