Two Sigma Advisers LP Grows Stock Holdings in Crane NXT, Co. (NYSE:CXT)

Two Sigma Advisers LP grew its position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 51.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,500 shares of the company's stock after purchasing an additional 58,600 shares during the period. Two Sigma Advisers LP owned approximately 0.30% of Crane NXT worth $9,985,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CXT. Capital International Investors raised its stake in shares of Crane NXT by 79.3% in the fourth quarter. Capital International Investors now owns 1,351,044 shares of the company's stock valued at $78,658,000 after acquiring an additional 597,537 shares in the last quarter. Conestoga Capital Advisors LLC acquired a new stake in shares of Crane NXT in the fourth quarter valued at $31,517,000. Silvercrest Asset Management Group LLC raised its stake in shares of Crane NXT by 95.6% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,021,474 shares of the company's stock valued at $59,470,000 after acquiring an additional 499,290 shares in the last quarter. Norges Bank acquired a new stake in shares of Crane NXT in the fourth quarter valued at $26,754,000. Finally, FMR LLC raised its stake in shares of Crane NXT by 4.1% in the fourth quarter. FMR LLC now owns 8,576,731 shares of the company's stock valued at $499,337,000 after acquiring an additional 336,765 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on CXT. Northland Securities cut Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price objective on the stock. in a research note on Tuesday, February 18th. Northland Capmk cut Crane NXT from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. UBS Group reduced their price objective on Crane NXT from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Finally, DA Davidson dropped their target price on Crane NXT from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Three investment 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. According to data from MarketBeat.com, Crane NXT presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.75.

Crane NXT Stock Down 0.8%

NYSE:CXT traded down $0.43 during trading hours on Wednesday, hitting $53.61. The company's stock had a trading volume of 56,758 shares, compared to its average volume of 391,520. The stock has a fifty day moving average of $49.15 and a 200-day moving average of $55.84. The stock has a market capitalization of $3.08 billion, a P/E ratio of 16.78 and a beta of 1.27. Crane NXT, Co. has a 52-week low of $41.54 and a 52-week high of $67.01. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51.

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 (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $330.30 million for the quarter, compared to analyst estimates of $318.46 million. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 earnings per share. On average, equities analysts forecast that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, May 30th. 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.