Proficio Capital Partners LLC Invests $675,000 in Crane NXT, Co. (NYSE:CXT)

Proficio Capital Partners LLC purchased a new position in shares of Crane NXT, Co. (NYSE:CXT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,586 shares of the company’s stock, valued at approximately $675,000.

A number of other large investors have also made changes to their positions in CXT. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Crane NXT by 25.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,469 shares of the company’s stock valued at $251,000 after buying an additional 908 shares during the last quarter. Atria Investments Inc grew its holdings in shares of Crane NXT by 6.0% during the third quarter. Atria Investments Inc now owns 3,700 shares of the company’s stock valued at $208,000 after buying an additional 208 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Crane NXT by 9.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 34,035 shares of the company’s stock valued at $1,909,000 after buying an additional 3,034 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Crane NXT by 2.8% during the third quarter. Victory Capital Management Inc. now owns 1,218,761 shares of the company’s stock valued at $68,372,000 after buying an additional 33,664 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in shares of Crane NXT during the third quarter valued at $295,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Crane NXT Price Performance

NYSE:CXT opened at $54.17 on Monday. The firm’s fifty day moving average is $60.47 and its two-hundred day moving average is $58.53. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14. Crane NXT, Co. has a one year low of $52.89 and a one year high of $67.00. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 16.98 and a beta of 1.32.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.01. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. Research analysts expect that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Crane NXT’s previous quarterly dividend of $0.16. Crane NXT’s dividend payout ratio is 21.32%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CXT. Northland Securities lowered shares of Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price objective on the stock. in a report on Tuesday, February 18th. Northland Capmk lowered shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.33.

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.