Secured Retirement Advisors LLC Acquires New Stake in Crane NXT, Co. (NYSE:CXT)

Secured Retirement Advisors LLC acquired a new stake in Crane NXT, Co. (NYSE:CXT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,260 shares of the company's stock, valued at approximately $888,000.

Several other large investors have also made changes to their positions in the business. Atria Investments Inc lifted its stake in Crane NXT by 6.0% in the 3rd 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. Oppenheimer Asset Management Inc. boosted its stake in shares of Crane NXT by 1.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 12,923 shares of the company's stock worth $725,000 after acquiring an additional 245 shares during the last quarter. Cetera Trust Company N.A increased its position in shares of Crane NXT by 7.0% during the fourth quarter. Cetera Trust Company N.A now owns 4,198 shares of the company's stock worth $244,000 after purchasing an additional 275 shares in the last quarter. Fifth Third Bancorp raised its stake in Crane NXT by 98.6% in the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company's stock valued at $32,000 after purchasing an additional 276 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Crane NXT by 0.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 82,518 shares of the company's stock valued at $4,628,000 after purchasing an additional 385 shares in the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on CXT. Northland Securities cut shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 target price for the company. in a research report on Tuesday. Robert W. Baird raised their target price on shares of Crane NXT from $77.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Finally, Northland Capmk lowered Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Crane NXT presently has an average rating of "Moderate Buy" and a consensus price target of $83.33.

Crane NXT Trading Down 0.3 %

Shares of CXT stock traded down $0.15 on Wednesday, hitting $59.15. 349,378 shares of the stock traded hands, compared to its average volume of 443,987. Crane NXT, Co. has a twelve month low of $52.89 and a twelve month high of $67.00. The stock has a market capitalization of $3.38 billion, a PE ratio of 18.54 and a beta of 1.36. The firm's 50-day moving average price is $61.01 and its two-hundred day moving average price is $58.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14.

Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share for the quarter, beating 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%. As a group, analysts anticipate that Crane NXT, Co. will post 4.18 EPS for the current year.

Crane NXT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.15%. This is an increase from Crane NXT's previous quarterly dividend of $0.16. Crane NXT's payout ratio is currently 20.06%.

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.