UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 23.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 144,474 shares of the company's stock after purchasing an additional 27,130 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.25% of Crane NXT worth $8,411,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in CXT. Barclays PLC lifted its holdings in Crane NXT by 45.3% during the 3rd quarter. Barclays PLC now owns 37,663 shares of the company's stock worth $2,113,000 after purchasing an additional 11,734 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Crane NXT by 110.6% during the 4th quarter. SG Americas Securities LLC now owns 8,195 shares of the company's stock worth $477,000 after purchasing an additional 4,304 shares in the last quarter. Fifth Third Bancorp lifted its holdings 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 in the last quarter. KBC Group NV lifted its holdings in Crane NXT by 3.6% during the 4th quarter. KBC Group NV now owns 30,670 shares of the company's stock worth $1,786,000 after purchasing an additional 1,069 shares in the last quarter. Finally, Conestoga Capital Advisors LLC bought a new position in Crane NXT in the 4th quarter worth about $31,517,000. Hedge funds and other institutional investors own 77.49% of the company's stock.
Crane NXT Price Performance
Shares of Crane NXT stock traded down $0.49 during trading on Wednesday, hitting $53.51. 317,271 shares of the stock traded hands, compared to its average volume of 395,110. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 16.77 and a beta of 1.27. The firm's fifty day moving average is $49.27 and its 200-day moving average is $55.75. Crane NXT, Co. has a 52 week low of $41.54 and a 52 week high of $67.01.
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 for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. The firm had revenue of $330.30 million during the quarter, compared to analyst estimates of $318.46 million. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business's quarterly revenue was up 5.3% compared to the same quarter last year. Research analysts expect that Crane NXT, Co. will post 4.16 EPS for the current fiscal 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 $0.17 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.27%. Crane NXT's dividend payout ratio (DPR) is 23.37%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on CXT. UBS Group decreased their target price 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. Northland Securities lowered Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 target price on the stock. in a research note on Tuesday, February 18th. Northland Capmk lowered Crane NXT from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, DA Davidson decreased their target price on Crane NXT from $100.00 to $85.00 and set a "buy" rating on the stock in a research note 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. Based on data from MarketBeat.com, Crane NXT has a consensus rating of "Moderate Buy" and an average target price of $73.75.
Check Out Our Latest Stock Report on CXT
About Crane NXT
(
Free Report)
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.
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