Marshall Wace LLP Purchases 18,703 Shares of Crane NXT, Co. (NYSE:CXT)

Marshall Wace LLP grew its position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 479.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,603 shares of the company's stock after acquiring an additional 18,703 shares during the quarter. Marshall Wace LLP's holdings in Crane NXT were worth $1,316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CXT. Park Avenue Securities LLC bought a new position in shares of Crane NXT in the 4th quarter worth $527,000. Barclays PLC lifted its holdings in shares of 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. Lord Abbett & CO. LLC lifted its holdings in shares of Crane NXT by 12.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 396,152 shares of the company's stock worth $22,224,000 after purchasing an additional 43,439 shares in the last quarter. Norges Bank bought a new position in shares of Crane NXT in the 4th quarter worth $26,754,000. Finally, Sei Investments Co. lifted its holdings in shares of Crane NXT by 15.0% in the 4th quarter. Sei Investments Co. now owns 143,307 shares of the company's stock worth $8,343,000 after purchasing an additional 18,735 shares in the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CXT. Northland Capmk cut Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Northland Securities lowered Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price target for the company. in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $83.33.

Crane NXT Trading Up 1.4 %

NYSE CXT opened at $47.28 on Tuesday. Crane NXT, Co. has a 12 month low of $41.54 and a 12 month high of $67.01. The firm has a market capitalization of $2.71 billion, a P/E ratio of 14.82 and a beta of 1.21. The business has a fifty day simple moving average of $50.60 and a 200 day simple moving average of $56.42. 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 announced its earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. On average, analysts predict that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were given a dividend of $0.17 per share. The ex-dividend date was Friday, February 28th. This is a positive change from Crane NXT's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.44%. Crane NXT's dividend payout ratio (DPR) is currently 21.32%.

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.

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