9,049 Shares in Crane NXT, Co. (NYSE:CXT) Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC bought a new stake in shares of Crane NXT, Co. (NYSE:CXT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,049 shares of the company’s stock, valued at approximately $527,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Congress Asset Management Co. boosted its stake in Crane NXT by 18.3% during the third quarter. Congress Asset Management Co. now owns 742,813 shares of the company’s stock valued at $41,672,000 after buying an additional 114,707 shares in the last quarter. Potrero Capital Research LLC acquired a new stake in Crane NXT in the 3rd quarter valued at about $5,734,000. ArrowMark Colorado Holdings LLC bought a new position in shares of Crane NXT during the 3rd quarter valued at about $5,712,000. Geode Capital Management LLC grew its stake in shares of Crane NXT by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,000,796 shares of the company’s stock worth $56,157,000 after purchasing an additional 60,468 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Crane NXT by 437.3% in the 3rd quarter. Jane Street Group LLC now owns 67,092 shares of the company’s stock worth $3,764,000 after purchasing an additional 54,606 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Crane NXT Trading Up 0.3 %

Crane NXT stock opened at $65.37 on Friday. Crane NXT, Co. has a 52 week low of $52.89 and a 52 week high of $67.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.38. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 21.43 and a beta of 1.35. The company has a 50 day moving average price of $60.52 and a 200 day moving average price of $58.31.

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

Crane NXT Dividend Announcement

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