Keybank National Association OH Makes New $308,000 Investment in Crane NXT, Co. (NYSE:CXT)

Keybank National Association OH acquired a new stake in Crane NXT, Co. (NYSE:CXTFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,540 shares of the company’s stock, valued at approximately $308,000.

Several other institutional investors and hedge funds have also modified their holdings of CXT. Cruiser Capital Advisors LLC acquired a new position in Crane NXT in the 3rd quarter valued at $622,000. New York State Common Retirement Fund purchased a new position in Crane NXT during the third quarter worth about $3,197,000. Barclays PLC acquired a new stake in Crane NXT in the 3rd quarter worth about $1,346,000. Fox Run Management L.L.C. acquired a new position in shares of Crane NXT during the 3rd quarter valued at about $313,000. Finally, South Dakota Investment Council purchased a new position in shares of Crane NXT during the 3rd quarter worth about $4,888,000. Hedge funds and other institutional investors own 75.11% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson upped their price target on shares of Crane NXT from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th.

View Our Latest Stock Report on Crane NXT

Insiders Place Their Bets

In other news, Director Max H. Mitchell sold 21,502 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $51.42, for a total value of $1,105,632.84. Following the transaction, the director now owns 322,628 shares of the company’s stock, valued at approximately $16,589,531.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Kurt F. Gallo sold 11,920 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $52.09, for a total transaction of $620,912.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Max H. Mitchell sold 21,502 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $51.42, for a total transaction of $1,105,632.84. Following the completion of the sale, the director now directly owns 322,628 shares of the company’s stock, valued at approximately $16,589,531.76. The disclosure for this sale can be found here. Insiders sold a total of 33,428 shares of company stock worth $1,726,858 over the last ninety days. 2.00% of the stock is owned by company insiders.

Crane NXT Stock Performance

Shares of NYSE:CXT opened at $59.15 on Friday. The business has a 50-day moving average of $56.05 and a two-hundred day moving average of $55.73. The firm has a market capitalization of $3.36 billion, a PE ratio of 13.82 and a beta of 1.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.00 and a quick ratio of 1.47. Crane NXT, Co. has a 12 month low of $36.37 and a 12 month high of $63.36.

Crane NXT (NYSE:CXTGet Free Report) last issued its earnings results on Monday, November 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. Crane NXT had a return on equity of 21.51% and a net margin of 13.21%. The business had revenue of $352.90 million during the quarter, compared to analysts’ expectations of $355.10 million. As a group, research analysts forecast that Crane NXT, Co. will post 4.09 earnings per share for the current year.

About Crane NXT

(Free Report)

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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Institutional Ownership by Quarter for Crane NXT (NYSE:CXT)

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