Barclays PLC Purchases 11,734 Shares of Crane NXT, Co. (NYSE:CXT)

Barclays PLC boosted its stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 45.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 37,663 shares of the company's stock after buying an additional 11,734 shares during the period. Barclays PLC owned approximately 0.07% of Crane NXT worth $2,113,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CXT. XTX Topco Ltd lifted its holdings in shares of Crane NXT by 18.8% in the third quarter. XTX Topco Ltd now owns 5,794 shares of the company's stock valued at $325,000 after purchasing an additional 918 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in Crane NXT in the 3rd quarter valued at approximately $333,000. Jane Street Group LLC boosted its position in Crane NXT by 437.3% during the 3rd quarter. Jane Street Group LLC now owns 67,092 shares of the company's stock worth $3,764,000 after acquiring an additional 54,606 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of Crane NXT during the 3rd quarter worth approximately $1,918,000. Finally, State Street Corp raised its holdings in shares of Crane NXT by 1.6% in the third quarter. State Street Corp now owns 1,443,518 shares of the company's stock valued at $80,981,000 after purchasing an additional 22,041 shares during the last quarter. Institutional investors own 77.49% of the company's stock.

Crane NXT Stock Performance

Shares of CXT traded down $0.19 during midday trading on Friday, reaching $58.01. The stock had a trading volume of 249,170 shares, compared to its average volume of 350,471. The company has a current ratio of 1.38, a quick ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm has a 50 day simple moving average of $58.08 and a 200-day simple moving average of $58.19. The firm has a market cap of $3.32 billion, a PE ratio of 19.02 and a beta of 1.34. Crane NXT, Co. has a one year low of $52.89 and a one year high of $64.80.

Crane NXT (NYSE:CXT - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.02. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The firm had revenue of $403.50 million for the quarter, compared to analyst estimates of $392.44 million. During the same quarter in the prior year, the company earned $1.09 earnings per share. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Crane NXT, Co. will post 4.26 EPS for the current year.

Crane NXT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.64 dividend on an annualized basis and a yield of 1.10%. Crane NXT's dividend payout ratio (DPR) is 20.98%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Northland Securities reduced their target price on shares of Crane NXT from $96.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, October 7th. Robert W. Baird lifted their target price on Crane NXT from $77.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. DA Davidson reissued a "buy" rating and set a $100.00 price target on shares of Crane NXT in a research report on Monday, September 30th. Finally, Baird R W raised Crane NXT to a "strong-buy" rating in a research report on Thursday, October 17th.

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.