Marshall Wace LLP raised its stake in Crane NXT, Co. (NYSE:CXT - Free Report) by 479.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,603 shares of the company's stock after buying an additional 18,703 shares during the period. Marshall Wace LLP's holdings in Crane NXT were worth $1,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its holdings in shares of Crane NXT by 98.6% in the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company's stock valued at $32,000 after purchasing an additional 276 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Crane NXT in the 3rd quarter worth $32,000. Covestor Ltd grew its position in shares of Crane NXT by 38.6% during the 4th quarter. Covestor Ltd now owns 739 shares of the company's stock worth $43,000 after buying an additional 206 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Crane NXT by 985.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company's stock valued at $95,000 after buying an additional 1,488 shares during the period. Finally, Cascade Financial Partners LLC bought a new stake in shares of Crane NXT in the fourth quarter valued at about $202,000. 77.49% of the stock is currently owned by institutional investors.
Crane NXT Stock Up 2.4 %
Crane NXT stock traded up $1.13 during trading hours on Friday, reaching $48.14. The stock had a trading volume of 223,100 shares, compared to its average volume of 387,056. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 15.09 and a beta of 1.27. The business's 50 day moving average price is $49.74 and its 200-day moving average price is $56.18. Crane NXT, Co. has a 52 week low of $41.54 and a 52 week high of $67.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88.
Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 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%. Sell-side analysts anticipate that Crane NXT, Co. will post 4.16 EPS for the current year.
Crane NXT Increases Dividend
The firm also recently announced 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 represents a $0.68 annualized dividend and a yield of 1.41%. This is an increase from Crane NXT's previous quarterly dividend of $0.16. The ex-dividend date was Friday, February 28th. Crane NXT's payout ratio is 21.32%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on CXT. Northland Capmk cut shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Northland Securities downgraded shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price objective on the stock. in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $83.33.
Check Out Our Latest Analysis on Crane NXT
Crane NXT Profile
(
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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