Stifel Financial Corp Has $3.22 Million Position in Crane NXT, Co. (NYSE:CXT)

Stifel Financial Corp raised its stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 26.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,365 shares of the company's stock after buying an additional 11,738 shares during the quarter. Stifel Financial Corp owned about 0.10% of Crane NXT worth $3,223,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CXT. Park Avenue Securities LLC bought a new stake in shares of Crane NXT in the fourth quarter valued at about $527,000. Barclays PLC raised 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 valued at $2,113,000 after purchasing an additional 11,734 shares during the period. Lord Abbett & CO. LLC lifted its stake in Crane NXT by 12.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 396,152 shares of the company's stock valued at $22,224,000 after purchasing an additional 43,439 shares during the last quarter. Norges Bank bought a new position in Crane NXT during the fourth quarter worth about $26,754,000. Finally, Sei Investments Co. increased its position in Crane NXT by 15.0% during the fourth quarter. Sei Investments Co. now owns 143,307 shares of the company's stock worth $8,343,000 after buying an additional 18,735 shares during the last quarter. Institutional investors own 77.49% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on CXT shares. Northland Securities downgraded Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 target price for the company. in a research note on Tuesday, February 18th. Northland Capmk cut shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a research 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 company. According to data from MarketBeat, Crane NXT presently has an average rating of "Moderate Buy" and an average price target of $83.33.

Crane NXT Price Performance

Shares of CXT traded up $1.83 during trading hours on Thursday, hitting $49.47. 73,682 shares of the company were exchanged, compared to its average volume of 385,426. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 15.51 and a beta of 1.27. The firm's fifty day moving average is $49.23 and its 200 day moving average is $56.00. Crane NXT, Co. has a fifty-two week low of $41.54 and a fifty-two week high of $67.01. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51.

Crane NXT (NYSE:CXT - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $330.30 million during the quarter, compared to analysts' expectations of $318.46 million. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 EPS. On average, equities analysts anticipate that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were given a dividend of $0.17 per share. This is an increase from Crane NXT's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, February 28th. Crane NXT's dividend payout ratio is currently 21.32%.

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.