Mutual of America Capital Management LLC Sells 1,250 Shares of Crane NXT, Co. (NYSE:CXT)

Mutual of America Capital Management LLC reduced its stake in shares of Crane NXT, Co. (NYSE:CXT) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,553 shares of the company’s stock after selling 1,250 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Crane NXT were worth $1,490,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. LRI Investments LLC raised its holdings in shares of Crane NXT by 1,875.0% during the 2nd quarter. LRI Investments LLC now owns 632 shares of the company’s stock worth $39,000 after buying an additional 600 shares in the last quarter. nVerses Capital LLC acquired a new position in Crane NXT during the third quarter worth about $45,000. Hobbs Group Advisors LLC acquired a new position in Crane NXT during the second quarter worth about $52,000. Blue Trust Inc. lifted its holdings in shares of Crane NXT by 27.8% in the second quarter. Blue Trust Inc. now owns 942 shares of the company’s stock worth $58,000 after acquiring an additional 205 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Crane NXT by 16.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock valued at $116,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Crane NXT Price Performance

CXT stock opened at $62.20 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.38. Crane NXT, Co. has a 52-week low of $50.31 and a 52-week high of $64.80. The company has a market capitalization of $3.56 billion, a P/E ratio of 20.39 and a beta of 1.33. The company has a fifty day moving average price of $56.22 and a 200-day moving average price of $58.32.

Crane NXT (NYSE:CXT) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. Crane NXT had a net margin of 12.18% and a return on equity of 23.46%. The firm had revenue of $403.50 million for the quarter, compared to the consensus estimate of $392.44 million. During the same quarter in the previous year, the company earned $1.09 EPS. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities analysts expect that Crane NXT, Co. will post 4.26 EPS for the current year.

Crane NXT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, November 29th. This represents a $0.64 annualized dividend and a yield of 1.03%. Crane NXT’s dividend payout ratio is currently 20.98%.

Wall Street Analysts Forecast Growth

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

Crane NXT 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.