Anchor Capital Advisors LLC grew its position in Crane NXT, Co. (NYSE:CXT - Free Report) by 22.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,406 shares of the company's stock after purchasing an additional 4,884 shares during the quarter. Anchor Capital Advisors LLC's holdings in Crane NXT were worth $1,537,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Atria Investments Inc boosted 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 acquiring an additional 208 shares during the last quarter. Amalgamated Bank boosted its position in shares of Crane NXT by 1.0% during the 4th quarter. Amalgamated Bank now owns 22,950 shares of the company's stock valued at $1,336,000 after purchasing an additional 233 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Crane NXT by 1.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 12,923 shares of the company's stock valued at $725,000 after purchasing an additional 245 shares in the last quarter. Cetera Trust Company N.A grew its stake in 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 during the period. Finally, Fifth Third Bancorp lifted its stake in Crane NXT by 98.6% in the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company's stock valued at $32,000 after buying an additional 276 shares during the period. 77.49% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have recently commented on CXT shares. Northland Securities downgraded shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price objective for the company. in a research report on Tuesday, February 18th. Northland Capmk downgraded Crane NXT from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, Robert W. Baird upped their price target on Crane NXT from $77.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Two investment 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.33.
Check Out Our Latest Analysis on Crane NXT
Crane NXT Stock Down 1.0 %
NYSE CXT traded down $0.57 during trading hours on Tuesday, hitting $54.00. The company's stock had a trading volume of 370,096 shares, compared to its average volume of 444,405. 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 company's 50-day simple moving average is $60.79 and its two-hundred day simple moving average is $58.64. The company has a market capitalization of $3.09 billion, a PE ratio of 16.93 and a beta of 1.36. Crane NXT, Co. has a 52 week low of $52.89 and a 52 week high of $67.00.
Crane NXT (NYSE:CXT - Get Free Report) last issued its quarterly earnings data 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 return on equity of 24.08% and a net margin of 12.38%. Research analysts anticipate that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.
Crane NXT Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be paid a $0.17 dividend. This is a positive change from Crane NXT's previous quarterly dividend of $0.16. The ex-dividend date is Friday, February 28th. This represents a $0.68 annualized dividend and a yield of 1.26%. Crane NXT's dividend payout ratio (DPR) is 21.32%.
About Crane NXT
(
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.
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