7,908 Shares in Crane NXT, Co. (NYSE:CXT) Acquired by Amundi

Amundi bought a new position in Crane NXT, Co. (NYSE:CXT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,908 shares of the company’s stock, valued at approximately $486,000.

Other hedge funds have also modified their holdings of the company. Atria Investments Inc lifted its position in 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 in the last quarter. Quest Partners LLC acquired a new position in Crane NXT during the third quarter valued at approximately $181,000. PNC Financial Services Group Inc. lifted its position in Crane NXT by 9.5% during the third quarter. PNC Financial Services Group Inc. now owns 16,910 shares of the company’s stock valued at $949,000 after buying an additional 1,473 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Crane NXT by 64.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,891 shares of the company’s stock valued at $3,360,000 after buying an additional 23,580 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Crane NXT by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 444,863 shares of the company’s stock valued at $24,957,000 after buying an additional 12,026 shares in the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

Crane NXT Trading Down 3.2 %

NYSE CXT opened at $53.56 on Friday. The company’s fifty day simple moving average is $59.47 and its 200-day simple moving average is $58.26. Crane NXT, Co. has a 52 week low of $52.05 and a 52 week high of $67.01. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51. The stock has a market cap of $3.07 billion, a P/E ratio of 16.79 and a beta of 1.32.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, February 12th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates 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 predict that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were given a dividend of $0.17 per share. This is a boost from Crane NXT’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, February 28th. Crane NXT’s payout ratio is presently 21.32%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Northland Capmk cut shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Northland Securities cut shares of Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price target on the stock. in a research report on Tuesday, February 18th. Two equities research 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.33.

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.