Tower Research Capital LLC TRC Grows Position in Crane NXT, Co. (NYSE:CXT)

Tower Research Capital LLC TRC grew its position in Crane NXT, Co. (NYSE:CXT - Free Report) by 194.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,491 shares of the company's stock after acquiring an additional 9,571 shares during the quarter. Tower Research Capital LLC TRC's holdings in Crane NXT were worth $844,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings in shares of Crane NXT by 98.6% during the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company's stock worth $32,000 after buying an additional 276 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Crane NXT during the 3rd quarter valued at about $32,000. Covestor Ltd grew its stake in Crane NXT by 38.6% during the 4th quarter. Covestor Ltd now owns 739 shares of the company's stock valued at $43,000 after acquiring an additional 206 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Crane NXT by 985.4% in 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 in the last quarter. Finally, Cascade Financial Partners LLC acquired a new position in shares of Crane NXT during the 4th quarter worth approximately $202,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CXT shares. Northland Capmk downgraded Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Northland Securities lowered Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price target on the stock. in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $83.33.

Crane NXT Trading Down 1.4 %

Crane NXT stock traded down $0.68 during mid-day trading on Wednesday, hitting $46.51. The company's stock had a trading volume of 159,351 shares, compared to its average volume of 441,741. The stock's fifty day moving average is $50.36 and its two-hundred day moving average is $56.35. 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 firm has a market capitalization of $2.67 billion, a PE ratio of 14.58 and a beta of 1.21. Crane NXT, Co. has a 1 year low of $41.54 and a 1 year high of $67.00.

Crane NXT (NYSE:CXT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share (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%. On average, 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 given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Crane NXT's previous quarterly dividend of $0.16. Crane NXT's dividend payout ratio (DPR) 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.