Transce3nd LLC Invests $334,000 in Crane NXT, Co. (NYSE:CXT)

Transce3nd LLC bought a new position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,734 shares of the company's stock, valued at approximately $334,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barclays PLC increased its position in shares of Crane NXT by 45.3% during the 3rd quarter. Barclays PLC now owns 37,663 shares of the company's stock worth $2,113,000 after purchasing an additional 11,734 shares during the last quarter. Geode Capital Management LLC boosted its stake in Crane NXT by 6.4% during the third quarter. Geode Capital Management LLC now owns 1,000,796 shares of the company's stock worth $56,157,000 after buying an additional 60,468 shares during the period. Virtu Financial LLC acquired a new stake in shares of Crane NXT during the third quarter valued at about $377,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Crane NXT in the 3rd quarter valued at approximately $32,000. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Crane NXT by 12.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 396,152 shares of the company's stock worth $22,224,000 after acquiring an additional 43,439 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Northland Capmk lowered Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Northland Securities downgraded 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 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $83.33.

Crane NXT Stock Up 0.5 %

Shares of Crane NXT stock traded up $0.22 during trading hours on Friday, reaching $46.69. 361,240 shares of the company were exchanged, compared to its average volume of 383,566. The firm has a market cap of $2.68 billion, a PE ratio of 14.64 and a beta of 1.21. The stock's fifty day moving average is $50.84 and its 200 day moving average is $56.44. Crane NXT, Co. has a 1 year low of $41.54 and a 1 year high of $67.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14.

Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly 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%. As a group, equities research analysts forecast that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.46%. The ex-dividend date was Friday, February 28th. This is a boost from Crane NXT's previous quarterly dividend of $0.16. Crane NXT's payout ratio is 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.