Fuller & Thaler Asset Management Inc. Reduces Holdings in Crane NXT, Co. (NYSE:CXT)

Fuller & Thaler Asset Management Inc. trimmed its holdings in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 537,035 shares of the company's stock after selling 6,413 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 0.94% of Crane NXT worth $31,266,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CXT. Price T Rowe Associates Inc. MD increased its position in shares of Crane NXT by 8.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,862 shares of the company's stock valued at $1,739,000 after acquiring an additional 2,323 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Crane NXT in the 4th quarter valued at $707,000. Stifel Financial Corp lifted its stake in Crane NXT by 26.9% during the 4th quarter. Stifel Financial Corp now owns 55,365 shares of the company's stock worth $3,223,000 after acquiring an additional 11,738 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Crane NXT by 194.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 14,491 shares of the company's stock valued at $844,000 after acquiring an additional 9,571 shares during the period. Finally, Transce3nd LLC acquired a new position in Crane NXT in the 4th quarter valued at about $334,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Crane NXT Stock Down 1.9 %

Shares of NYSE CXT traded down $0.90 during mid-day trading on Wednesday, reaching $46.29. The company had a trading volume of 67,088 shares, compared to its average volume of 383,772. 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 52-week low of $41.54 and a 52-week high of $67.01. The stock has a market cap of $2.66 billion, a P/E ratio of 14.51 and a beta of 1.21. The firm has a 50 day simple moving average of $50.36 and a two-hundred day simple moving average of $56.35.

Crane NXT (NYSE:CXT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.01. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. Sell-side analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Crane NXT's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.47%. Crane NXT's payout ratio is currently 21.32%.

Analysts Set New Price Targets

CXT has been the subject of several recent research reports. Northland Capmk lowered shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Northland Securities lowered Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price objective on the stock. in a research report on Tuesday, February 18th. Two 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's stock. According to MarketBeat, Crane NXT presently has an average rating of "Moderate Buy" and a consensus target price of $83.33.

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.