First Trust Advisors LP Increases Stake in Crane NXT, Co. (NYSE:CXT)

First Trust Advisors LP increased its holdings in Crane NXT, Co. (NYSE:CXTFree Report) by 16.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 473,808 shares of the company’s stock after purchasing an additional 65,333 shares during the period. First Trust Advisors LP’s holdings in Crane NXT were worth $26,945,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Acadian Asset Management LLC bought a new stake in Crane NXT during the 3rd quarter valued at $28,000. CI Investments Inc. bought a new stake in Crane NXT during the 3rd quarter valued at $53,000. Assetmark Inc. raised its holdings in Crane NXT by 9,630.0% during the 4th quarter. Assetmark Inc. now owns 973 shares of the company’s stock valued at $55,000 after buying an additional 963 shares during the last quarter. EMC Capital Management bought a new stake in Crane NXT during the 3rd quarter valued at $89,000. Finally, USA Financial Formulas bought a new stake in Crane NXT during the 3rd quarter valued at $105,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on CXT shares. Northland Securities started coverage on shares of Crane NXT in a report on Monday, April 8th. They set an “outperform” rating and a $91.00 price target for the company. DA Davidson upped their price target on shares of Crane NXT from $80.00 to $100.00 and gave the company a “buy” rating in a report on Monday, March 18th.

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Crane NXT Stock Down 0.0 %

Shares of NYSE CXT opened at $60.98 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 1.56 and a debt-to-equity ratio of 0.66. Crane NXT, Co. has a 12 month low of $48.42 and a 12 month high of $63.89. The firm has a market capitalization of $3.48 billion, a PE ratio of 19.24 and a beta of 1.35. The firm has a fifty day simple moving average of $61.18 and a two-hundred day simple moving average of $58.72.

Crane NXT (NYSE:CXTGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). Crane NXT had a return on equity of 25.50% and a net margin of 13.26%. The company had revenue of $313.60 million during the quarter, compared to the consensus estimate of $311.72 million. During the same quarter last year, the company posted $0.96 earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts expect that Crane NXT, Co. will post 4.3 earnings per share for the current year.

Crane NXT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Friday, May 31st will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Friday, May 31st. Crane NXT’s dividend payout ratio is presently 20.19%.

Crane NXT 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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