Shell Asset Management Co. Takes $702,000 Position in Crane NXT, Co. (NYSE:CXT)

Shell Asset Management Co. bought a new position in Crane NXT, Co. (NYSE:CXTFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,627 shares of the company’s stock, valued at approximately $702,000.

Several other hedge funds also recently made changes to their positions in the company. CWM LLC bought a new stake in Crane NXT in the third quarter valued at $28,000. AE Wealth Management LLC bought a new stake in Crane NXT in the third quarter valued at $1,731,000. Ronald Blue Trust Inc. bought a new stake in Crane NXT in the third quarter valued at $30,000. Legato Capital Management LLC bought a new stake in Crane NXT in the third quarter valued at $774,000. Finally, Carret Asset Management LLC bought a new stake in Crane NXT in the third quarter valued at $259,000. 75.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on CXT

Insider Activity

In other news, Director Max H. Mitchell sold 21,502 shares of the business’s stock in a transaction 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 sale, the director now owns 322,628 shares in the company, valued at approximately $16,589,531.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Max H. Mitchell sold 21,502 shares of the business’s stock in a transaction 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 sale, the director now owns 322,628 shares in the company, valued at approximately $16,589,531.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Kurt F. Gallo sold 11,920 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $52.09, for a total transaction of $620,912.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,428 shares of company stock worth $1,726,858. Corporate insiders own 2.00% of the company’s stock.

Crane NXT Stock Performance

Shares of CXT stock opened at $60.19 on Friday. Crane NXT, Co. has a 12 month low of $36.37 and a 12 month high of $63.36. The stock has a market cap of $3.42 billion, a PE ratio of 14.06 and a beta of 1.38. The company has a current ratio of 2.00, a quick ratio of 1.47 and a debt-to-equity ratio of 0.81. The company’s fifty day moving average price is $56.20 and its 200-day moving average price is $55.74.

Crane NXT Company Profile

(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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