Park Avenue Securities LLC Makes New Investment in Crane NXT, Co. (NYSE:CXT)

Park Avenue Securities LLC purchased a new position in Crane NXT, Co. (NYSE:CXTFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,049 shares of the company’s stock, valued at approximately $527,000.

Several other large investors also recently made changes to their positions in CXT. American Century Companies Inc. boosted its position in Crane NXT by 7.2% during the second quarter. American Century Companies Inc. now owns 22,402 shares of the company’s stock worth $1,376,000 after purchasing an additional 1,499 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Crane NXT by 5.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 54,531 shares of the company’s stock worth $3,349,000 after buying an additional 2,722 shares during the period. Dimensional Fund Advisors LP grew its stake in Crane NXT by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,084,843 shares of the company’s stock valued at $66,626,000 after buying an additional 33,460 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Crane NXT by 10.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,947 shares of the company’s stock worth $304,000 after acquiring an additional 462 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Crane NXT by 16.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock worth $116,000 after acquiring an additional 265 shares during the last quarter. Institutional investors own 77.49% of the company’s stock.

Crane NXT Trading Up 0.3 %

Crane NXT stock opened at $65.37 on Friday. The business has a 50 day moving average price of $60.52 and a two-hundred day moving average price of $58.31. The company has a quick ratio of 1.01, a current ratio of 1.38 and a debt-to-equity ratio of 0.60. Crane NXT, Co. has a 12 month low of $52.89 and a 12 month high of $67.00. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 21.43 and a beta of 1.35.

Crane NXT (NYSE:CXTGet Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.02. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The business had revenue of $403.50 million during the quarter, compared to analyst estimates of $392.44 million. During the same period in the prior year, the company posted $1.09 earnings per share. Crane NXT’s revenue was up 14.3% on a year-over-year basis. As a group, equities analysts forecast that Crane NXT, Co. will post 4.26 EPS for the current year.

Crane NXT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.64 annualized dividend and a dividend yield of 0.98%. Crane NXT’s dividend payout ratio (DPR) is currently 20.98%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CXT. Robert W. Baird lifted their price objective on Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Baird R W upgraded Crane NXT to a “strong-buy” rating in a report on Thursday, October 17th. Northland Securities lowered their price objective on shares of Crane NXT from $96.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, October 7th. Finally, DA Davidson reiterated a “buy” rating and set a $100.00 target price on shares of Crane NXT in a research note on Monday, September 30th.

Check Out Our Latest Analysis on Crane NXT

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.

See Also

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

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