Private Advisor Group LLC Sells 400 Shares of Crane NXT, Co. (NYSE:CXT)

Private Advisor Group LLC lessened its holdings in Crane NXT, Co. (NYSE:CXT) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,535 shares of the company’s stock after selling 400 shares during the quarter. Private Advisor Group LLC’s holdings in Crane NXT were worth $206,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in Crane NXT during the 3rd quarter worth about $32,000. Fifth Third Bancorp lifted its position in Crane NXT by 98.6% during the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock valued at $32,000 after purchasing an additional 276 shares during the period. Venturi Wealth Management LLC lifted its position in Crane NXT by 985.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company’s stock valued at $95,000 after purchasing an additional 1,488 shares during the period. Quest Partners LLC acquired a new position in Crane NXT during the 3rd quarter valued at about $181,000. Finally, Oak Thistle LLC acquired a new position in Crane NXT during the 4th quarter valued at about $203,000. Institutional investors own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CXT shares. Northland Capmk cut Crane NXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Northland Securities downgraded Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price target for the company. in a research report on Tuesday, February 18th. Finally, Robert W. Baird upped their price target on Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.33.

Crane NXT Trading Down 0.5 %

NYSE CXT opened at $53.43 on Friday. The company has a market cap of $3.06 billion, a PE ratio of 16.75 and a beta of 1.32. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51. Crane NXT, Co. has a 12 month low of $52.89 and a 12 month high of $67.00. The stock has a 50 day moving average of $60.54 and a 200-day moving average of $58.54.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. On average, equities research analysts anticipate that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.17 per share. This is an increase from Crane NXT’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, February 28th. This represents a $0.68 annualized dividend and a yield of 1.27%. Crane NXT’s dividend payout ratio (DPR) is currently 21.32%.

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.