Entropy Technologies LP Invests $643,000 in Crane NXT, Co. (NYSE:CXT)

Entropy Technologies LP acquired a new stake in Crane NXT, Co. (NYSE:CXT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,044 shares of the company's stock, valued at approximately $643,000.

Several other hedge funds have also recently bought and sold shares of the company. Conestoga Capital Advisors LLC acquired a new stake in Crane NXT during the 4th quarter valued at $31,517,000. Congress Asset Management Co. grew its holdings in Crane NXT by 18.3% during the 3rd quarter. Congress Asset Management Co. now owns 742,813 shares of the company's stock valued at $41,672,000 after buying an additional 114,707 shares during the last quarter. Potrero Capital Research LLC acquired a new stake in Crane NXT during the 3rd quarter valued at $5,734,000. ArrowMark Colorado Holdings LLC acquired a new stake in Crane NXT during the 3rd quarter valued at $5,712,000. Finally, Geode Capital Management LLC grew its holdings in Crane NXT by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,000,796 shares of the company's stock valued at $56,157,000 after buying an additional 60,468 shares during the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Robert W. Baird increased their target price on Crane NXT from $77.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, November 8th.

Crane NXT Trading Up 3.4 %

Shares of CXT stock traded up $1.98 during mid-day trading on Friday, hitting $59.78. 857,349 shares of the company's stock were exchanged, compared to its average volume of 381,679. Crane NXT, Co. has a fifty-two week low of $52.89 and a fifty-two week high of $67.00. The stock has a 50-day simple moving average of $61.13 and a two-hundred day simple moving average of $58.60. The company has a quick ratio of 1.01, a current ratio of 1.38 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 19.60 and a beta of 1.36.

Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly earnings data 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 return on equity of 23.46% and a net margin of 12.18%. Equities analysts expect that Crane NXT, Co. will post 4.26 EPS for the current fiscal year.

Crane NXT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.17 per share. This is a boost from Crane NXT's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.14%. Crane NXT's dividend payout ratio (DPR) is 21.32%.

About Crane NXT

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.