Two Sigma Investments LP Acquires 126,434 Shares of Crane NXT, Co. (NYSE:CXT)

Two Sigma Investments LP grew its stake in Crane NXT, Co. (NYSE:CXT - Free Report) by 61.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 333,294 shares of the company's stock after buying an additional 126,434 shares during the period. Two Sigma Investments LP owned approximately 0.58% of Crane NXT worth $19,404,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sapience Investments LLC purchased a new stake in shares of Crane NXT in the 4th quarter valued at $1,972,000. Silvercrest Asset Management Group LLC raised its holdings in Crane NXT by 95.6% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,021,474 shares of the company's stock valued at $59,470,000 after buying an additional 499,290 shares during the last quarter. Royal Bank of Canada raised its holdings in Crane NXT by 103.8% during the 4th quarter. Royal Bank of Canada now owns 233,405 shares of the company's stock valued at $13,589,000 after buying an additional 118,904 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Crane NXT by 19.7% during the 4th quarter. Quantinno Capital Management LP now owns 22,425 shares of the company's stock valued at $1,306,000 after buying an additional 3,695 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new stake in Crane NXT during the 4th quarter valued at $380,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Crane NXT Trading Down 0.8%

NYSE CXT traded down $0.43 during trading on Wednesday, hitting $53.61. The company had a trading volume of 56,758 shares, compared to its average volume of 391,519. 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, Co. has a one year low of $41.54 and a one year high of $67.01. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 16.78 and a beta of 1.27. The company's fifty day moving average is $49.15 and its 200-day moving average is $55.84.

Crane NXT (NYSE:CXT - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $318.46 million. During the same period in the prior year, the business earned $0.85 EPS. The company's revenue for the quarter was up 5.3% on a year-over-year basis. On average, sell-side analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Friday, May 30th will be paid a $0.17 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.27%. Crane NXT's payout ratio is 23.37%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. UBS Group lowered their price target 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 lowered their price target on shares of Crane NXT from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday, May 9th. Northland Capmk lowered shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Northland Securities lowered shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price objective for the company. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Crane NXT currently has an average rating of "Moderate Buy" and an average price target of $73.75.

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.