Sei Investments Co. Buys 18,735 Shares of Crane NXT, Co. (NYSE:CXT)

Sei Investments Co. lifted its position in Crane NXT, Co. (NYSE:CXT) by 15.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 143,307 shares of the company’s stock after purchasing an additional 18,735 shares during the period. Sei Investments Co. owned about 0.25% of Crane NXT worth $8,343,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Stifel Financial Corp grew its holdings in Crane NXT by 60.6% in the 3rd quarter. Stifel Financial Corp now owns 43,627 shares of the company’s stock worth $2,448,000 after acquiring an additional 16,465 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Crane NXT in the fourth quarter worth about $527,000. Barclays PLC increased its holdings in Crane NXT by 45.3% during the 3rd quarter. Barclays PLC now owns 37,663 shares of the company’s stock valued at $2,113,000 after purchasing an additional 11,734 shares during the period. Lord Abbett & CO. LLC raised its position in Crane NXT by 12.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 396,152 shares of the company’s stock valued at $22,224,000 after purchasing an additional 43,439 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in 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 buying an additional 54,606 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Stock Performance

Shares of CXT opened at $51.32 on Monday. The business’s 50 day moving average price is $58.21 and its 200-day moving average price is $58.13. The stock has a market cap of $2.94 billion, a P/E ratio of 16.09 and a beta of 1.32. Crane NXT, Co. has a 52 week low of $50.87 and a 52 week high of $67.01. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51.

Crane NXT (NYSE:CXT) last issued 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%. Equities research analysts anticipate that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a $0.17 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.33%. This is a boost from Crane NXT’s previous quarterly dividend of $0.16. Crane NXT’s payout ratio is currently 21.32%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CXT. 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 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 research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Crane NXT currently has a consensus rating of “Moderate Buy” and an average target price 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.