OMERS ADMINISTRATION Corp Lowers Position in Crane NXT, Co. (NYSE:CXT)

OMERS ADMINISTRATION Corp reduced its position in Crane NXT, Co. (NYSE:CXT - Free Report) by 38.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,700 shares of the company's stock after selling 13,100 shares during the period. OMERS ADMINISTRATION Corp's holdings in Crane NXT were worth $1,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CXT. Fifth Third Bancorp raised its stake in shares of Crane NXT by 98.6% during the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company's stock worth $32,000 after buying an additional 276 shares during the period. Quarry LP acquired a new stake in shares of Crane NXT in the fourth quarter valued at about $42,000. Covestor Ltd increased its stake in shares of Crane NXT by 38.6% during the fourth quarter. Covestor Ltd now owns 739 shares of the company's stock worth $43,000 after purchasing an additional 206 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of Crane NXT during the 4th quarter worth about $83,000. Finally, Venturi Wealth Management LLC raised its position in shares of Crane NXT by 985.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company's stock worth $95,000 after purchasing an additional 1,488 shares during the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on CXT shares. Northland Securities cut Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 target price for the company. in a report on Tuesday, February 18th. UBS Group reduced their price objective on Crane NXT from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. DA Davidson lowered their target price on shares of Crane NXT from $100.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Northland Capmk cut shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $73.75.

Crane NXT Trading Up 0.1%

NYSE CXT traded up $0.06 on Thursday, reaching $52.31. 49,393 shares of the company were exchanged, compared to its average volume of 389,196. 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 business's fifty day moving average price is $49.33 and its 200 day moving average price is $55.92. The stock has a market capitalization of $3.00 billion, a P/E ratio of 16.40 and a beta of 1.27. 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 announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. The firm had revenue of $330.30 million during the quarter, compared to analyst estimates of $318.46 million. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Crane NXT's quarterly revenue was up 5.3% on a year-over-year basis. Analysts forecast that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, May 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.30%. Crane NXT's dividend payout ratio is currently 23.37%.

About Crane NXT

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.