MML Investors Services LLC Takes Position in Crane NXT, Co. (NYSE:CXT)

MML Investors Services LLC acquired a new position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 34,377 shares of the company's stock, valued at approximately $2,001,000. MML Investors Services LLC owned about 0.06% of Crane NXT at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CXT. Capital International Investors lifted its position in shares of Crane NXT by 79.3% during the fourth quarter. Capital International Investors now owns 1,351,044 shares of the company's stock valued at $78,658,000 after buying an additional 597,537 shares during the last quarter. Conestoga Capital Advisors LLC bought a new position in shares of Crane NXT during the 4th quarter worth approximately $31,517,000. Norges Bank acquired a new stake in Crane NXT in the fourth quarter valued at approximately $26,754,000. FMR LLC grew its holdings in Crane NXT by 4.1% in the fourth quarter. FMR LLC now owns 8,576,731 shares of the company's stock worth $499,337,000 after purchasing an additional 336,765 shares during the last quarter. Finally, Capital World Investors acquired a new position in shares of Crane NXT during the fourth quarter worth $10,719,000. Institutional investors own 77.49% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CXT. Northland Capmk cut Crane NXT from a "strong-buy" rating to a "hold" rating in a research 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 report on Tuesday, February 18th. Two 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $83.33.

Crane NXT Stock Up 1.4 %

Crane NXT stock opened at $47.28 on Tuesday. The business's 50-day simple moving average is $50.60 and its two-hundred day simple moving average is $56.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14. The company has a market cap of $2.71 billion, a PE ratio of 14.82 and a beta of 1.21. Crane NXT, Co. has a fifty-two week low of $41.54 and a fifty-two week high of $67.01.

Crane NXT (NYSE:CXT - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $1.20 EPS for the quarter, beating 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%. Equities analysts anticipate 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. Shareholders of record on Friday, February 28th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.44%. This is a positive change from Crane NXT's previous quarterly dividend of $0.16. The ex-dividend date was Friday, February 28th. Crane NXT's dividend payout ratio is presently 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.

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