Crane NXT, Co. (NYSE:CXT) Stock Position Trimmed by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Crane NXT, Co. (NYSE:CXT) by 9.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 117,344 shares of the company’s stock after selling 12,658 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Crane NXT worth $6,583,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. LRI Investments LLC lifted its position in Crane NXT by 1,875.0% in the 2nd quarter. LRI Investments LLC now owns 632 shares of the company’s stock valued at $39,000 after purchasing an additional 600 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Crane NXT during the 3rd quarter worth about $45,000. Hobbs Group Advisors LLC bought a new stake in shares of Crane NXT during the 2nd quarter worth about $52,000. Blue Trust Inc. raised its position in shares of Crane NXT by 27.8% during the 2nd quarter. Blue Trust Inc. now owns 942 shares of the company’s stock worth $58,000 after buying an additional 205 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of 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 buying an additional 265 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Crane NXT Stock Performance

Shares of CXT opened at $61.78 on Wednesday. The firm’s 50 day moving average is $57.28 and its 200-day moving average is $58.42. The stock has a market capitalization of $3.53 billion, a P/E ratio of 20.26 and a beta of 1.34. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 1.01. Crane NXT, Co. has a 12-month low of $50.31 and a 12-month high of $64.80.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.02. The company had revenue of $403.50 million for the quarter, compared to analysts’ expectations of $392.44 million. Crane NXT had a net margin of 12.18% and a return on equity of 23.46%. The business’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. Equities research analysts anticipate that Crane NXT, Co. will post 4.26 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, November 29th. Crane NXT’s dividend payout ratio (DPR) is currently 20.98%.

Crane NXT Company Profile

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.