AGF Management Ltd. decreased its holdings in Crane NXT, Co. (NYSE:CXT - Free Report) by 20.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,194 shares of the company's stock after selling 11,026 shares during the period. AGF Management Ltd. owned 0.07% of Crane NXT worth $2,457,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC bought a new stake in shares of Crane NXT in the 4th quarter valued at approximately $31,517,000. Potrero Capital Research LLC purchased a new stake in Crane NXT during the 3rd quarter valued at $5,734,000. ArrowMark Colorado Holdings LLC bought a new stake in Crane NXT in the third quarter worth $5,712,000. Geode Capital Management LLC boosted its stake in Crane NXT by 6.4% during the third quarter. Geode Capital Management LLC now owns 1,000,796 shares of the company's stock worth $56,157,000 after buying an additional 60,468 shares during the period. Finally, Jane Street Group LLC increased its position in Crane NXT by 437.3% during the third quarter. Jane Street Group LLC now owns 67,092 shares of the company's stock valued at $3,764,000 after acquiring an additional 54,606 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company's stock.
Crane NXT Trading Down 1.5 %
NYSE CXT opened at $52.12 on Friday. The stock has a market cap of $2.98 billion, a PE ratio of 16.34 and a beta of 1.32. Crane NXT, Co. has a 12 month low of $52.05 and a 12 month high of $67.00. The company's 50-day moving average price is $60.05 and its 200-day moving average price is $58.39. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51.
Crane NXT (NYSE:CXT - Get Free Report) last issued 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 forecast that Crane NXT, Co. will post 4.16 earnings per share for the current year.
Crane NXT Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from Crane NXT's previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. Crane NXT's payout ratio is 21.32%.
Wall Street Analyst Weigh In
CXT has been the subject of a number of recent analyst reports. Northland Securities cut shares of 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 downgraded shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Crane NXT presently has a consensus rating of "Moderate Buy" and an average price target of $83.33.
Get Our Latest Stock Analysis on CXT
Crane NXT Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding CXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crane NXT, Co. (NYSE:CXT - Free Report).
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