JPMorgan Chase & Co. Sells 5,916 Shares of Crane NXT, Co. (NYSE:CXT)

JPMorgan Chase & Co. cut its holdings in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,760 shares of the company's stock after selling 5,916 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.23% of Crane NXT worth $7,555,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CXT. Stifel Financial Corp lifted its holdings in shares of Crane NXT by 60.6% in the third quarter. Stifel Financial Corp now owns 43,627 shares of the company's stock worth $2,448,000 after buying an additional 16,465 shares in the last quarter. Jane Street Group LLC increased its holdings in Crane NXT by 437.3% in the 3rd quarter. Jane Street Group LLC now owns 67,092 shares of the company's stock valued at $3,764,000 after acquiring an additional 54,606 shares during the last quarter. Barclays PLC lifted its stake in Crane NXT by 45.3% in 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. Geode Capital Management LLC boosted its holdings in shares of Crane NXT by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,000,796 shares of the company's stock valued at $56,157,000 after purchasing an additional 60,468 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Crane NXT during the third quarter valued at about $377,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on CXT shares. Northland Capmk lowered Crane NXT from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Northland Securities cut 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 research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Crane NXT has an average rating of "Moderate Buy" and a consensus target price of $83.33.

Crane NXT Trading Up 2.6 %

NYSE:CXT traded up $1.12 during midday trading on Tuesday, hitting $44.42. 334,712 shares of the company traded hands, compared to its average volume of 381,646. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51. The firm's fifty day moving average is $51.66 and its 200-day moving average is $56.63. The firm has a market capitalization of $2.55 billion, a P/E ratio of 13.92 and a beta of 1.21. Crane NXT, Co. has a 12-month low of $41.54 and a 12-month high of $67.01.

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

Crane NXT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were paid a dividend of $0.17 per share. This is a positive change from Crane NXT's previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Friday, February 28th. Crane NXT's dividend payout ratio (DPR) is currently 21.32%.

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.