Foundry Partners LLC Buys New Shares in Crane NXT, Co. (NYSE:CXT)

Foundry Partners LLC bought a new stake in Crane NXT, Co. (NYSE:CXT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 121,728 shares of the company's stock, valued at approximately $6,923,000. Foundry Partners LLC owned 0.21% of Crane NXT as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. FMR LLC purchased a new stake in Crane NXT in the third quarter valued at approximately $402,528,000. Vanguard Group Inc. acquired a new position in Crane NXT during the third quarter valued at approximately $306,517,000. Victory Capital Management Inc. acquired a new position in Crane NXT during the third quarter valued at approximately $65,919,000. Lord Abbett & CO. LLC acquired a new position in Crane NXT during the third quarter valued at approximately $39,749,000. Finally, Pacer Advisors Inc. lifted its position in Crane NXT by 8,855.4% during the fourth quarter. Pacer Advisors Inc. now owns 705,688 shares of the company's stock valued at $40,132,000 after buying an additional 697,808 shares in the last quarter. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on CXT. Northland Securities began coverage on shares of Crane NXT in a research report on Monday, April 8th. They set an "outperform" rating and a $91.00 price target on the stock. DA Davidson lifted their price target on shares of Crane NXT from $80.00 to $100.00 and gave the company a "buy" rating in a research report on Monday, March 18th.

Crane NXT Stock Down 0.1 %

CXT stock traded down $0.04 during trading on Friday, reaching $61.33. The stock had a trading volume of 362,786 shares, compared to its average volume of 285,632. The company has a current ratio of 1.93, a quick ratio of 1.46 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average price of $60.09 and a 200 day moving average price of $56.43. The company has a market capitalization of $3.50 billion, a P/E ratio of 18.76 and a beta of 1.37. Crane NXT, Co. has a 1-year low of $46.14 and a 1-year high of $63.36.

Crane NXT (NYSE:CXT - Get Free Report) last announced its earnings results on Thursday, February 15th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.07. The business had revenue of $356.90 million for the quarter, compared to analyst estimates of $340.89 million. Crane NXT had a return on equity of 20.33% and a net margin of 13.53%. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.13 earnings per share. On average, equities analysts anticipate that Crane NXT, Co. will post 4.26 earnings per share for the current year.

Crane NXT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 29th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.04%. This is a positive change from Crane NXT's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, February 28th. Crane NXT's dividend payout ratio is presently 19.57%.

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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