Amundi Makes New Investment in Crane NXT, Co. (NYSE:CXT)

Amundi acquired a new stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 7,908 shares of the company's stock, valued at approximately $486,000.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Crane NXT by 1.6% during the 3rd quarter. State Street Corp now owns 1,443,518 shares of the company's stock worth $80,981,000 after acquiring an additional 22,041 shares during the period. 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 in the last quarter. Congress Asset Management Co. boosted its position in shares of Crane NXT by 1.3% in the fourth quarter. Congress Asset Management Co. now owns 752,734 shares of the company's stock valued at $43,824,000 after acquiring an additional 9,921 shares during the period. Conestoga Capital Advisors LLC bought a new stake in Crane NXT during the 4th quarter worth approximately $31,517,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Crane NXT by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 460,143 shares of the company's stock worth $26,790,000 after acquiring an additional 15,280 shares during the last quarter. Institutional investors own 77.49% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CXT shares. Northland Securities lowered Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price target for the company. in a research note on Tuesday, February 18th. Northland Capmk lowered Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.33.

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Crane NXT Price Performance

Shares of CXT stock traded up $0.88 on Monday, hitting $53.85. 449,827 shares of the stock traded hands, compared to its average volume of 359,045. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $59.29 and a two-hundred day simple moving average of $58.25. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 16.88 and a beta of 1.32. Crane NXT, Co. has a 52 week low of $52.02 and a 52 week high of $67.01.

Crane NXT (NYSE:CXT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share 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%. As a group, equities research analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were issued a dividend of $0.17 per share. This is a positive change from Crane NXT's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.26%. Crane NXT's dividend payout ratio (DPR) is presently 21.32%.

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.