Crane NXT, Co. (NYSE:CXT) Shares Purchased by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC boosted its holdings in Crane NXT, Co. (NYSE:CXT) by 30.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,470 shares of the company’s stock after buying an additional 577 shares during the period. Atlas Capital Advisors LLC’s holdings in Crane NXT were worth $153,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. acquired a new stake in Crane NXT in the 3rd quarter worth about $306,517,000. Victory Capital Management Inc. lifted its stake in shares of Crane NXT by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 1,235,343 shares of the company’s stock valued at $70,254,000 after purchasing an additional 49,106 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Crane NXT in the 4th quarter valued at about $66,550,000. Dimensional Fund Advisors LP lifted its stake in shares of Crane NXT by 9.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 983,351 shares of the company’s stock valued at $55,926,000 after purchasing an additional 85,876 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of Crane NXT by 8,855.4% in the 4th quarter. Pacer Advisors Inc. now owns 705,688 shares of the company’s stock valued at $40,132,000 after purchasing an additional 697,808 shares in the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. DA Davidson lifted their price objective on Crane NXT from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Northland Securities assumed coverage on Crane NXT in a research note on Monday, April 8th. They issued an “outperform” rating and a $91.00 price objective on the stock.

Crane NXT Stock Performance

Crane NXT stock opened at $60.47 on Thursday. The stock’s 50 day moving average price is $61.55 and its 200 day moving average price is $59.52. The firm has a market capitalization of $3.45 billion, a PE ratio of 19.08 and a beta of 1.35. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.56 and a current ratio of 2.12. Crane NXT, Co. has a one year low of $48.42 and a one year high of $64.80.

Crane NXT (NYSE:CXT) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The company had revenue of $313.60 million for the quarter, compared to analyst estimates of $311.72 million. Crane NXT had a return on equity of 25.50% and a net margin of 13.26%. The business’s revenue was down 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.96 earnings per share. As a group, sell-side analysts expect that Crane NXT, Co. will post 4.3 EPS for the current fiscal year.

Crane NXT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Friday, May 31st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Friday, May 31st. Crane NXT’s dividend payout ratio (DPR) is presently 20.19%.

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.