Natixis Advisors LLC Trims Stock Holdings in Crane NXT, Co. (NYSE:CXT)

Natixis Advisors LLC reduced its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 22.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,973 shares of the company’s stock after selling 8,632 shares during the quarter. Natixis Advisors LLC owned about 0.05% of Crane NXT worth $1,745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Crane NXT during the third quarter worth $32,000. Fifth Third Bancorp lifted its holdings in Crane NXT by 98.6% during the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock worth $32,000 after purchasing an additional 276 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Crane NXT by 985.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company’s stock worth $95,000 after purchasing an additional 1,488 shares during the period. Quest Partners LLC purchased a new position in Crane NXT during the 3rd quarter valued at about $181,000. Finally, Cascade Financial Partners LLC bought a new stake in shares of Crane NXT during the fourth quarter valued at about $202,000. 77.49% of the stock is owned by institutional investors.

Crane NXT Price Performance

CXT stock opened at $53.85 on Tuesday. The firm has a 50 day simple moving average of $59.12 and a two-hundred day simple moving average of $58.23. The stock has a market cap of $3.08 billion, a PE ratio of 16.88 and a beta of 1.32. Crane NXT, Co. has a one year low of $52.02 and a one year high of $67.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88.

Crane NXT (NYSE:CXT) last announced 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%. On average, analysts predict that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.26%. This is a positive change from Crane NXT’s previous quarterly dividend of $0.16. Crane NXT’s dividend payout ratio (DPR) is currently 21.32%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Northland Securities cut shares of Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price objective for the company. in a research note on Tuesday, February 18th. Northland Capmk cut shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Crane NXT has an average rating of “Moderate Buy” and an average 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.