Boston Partners raised its position in Crane NXT, Co. (NYSE:CXT - Free Report) by 84.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,313 shares of the company's stock after purchasing an additional 10,216 shares during the period. Boston Partners' holdings in Crane NXT were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp boosted its holdings in 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 in the last quarter. Geode Capital Management LLC raised its stake 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 worth $56,157,000 after acquiring an additional 60,468 shares in the last quarter. Congress Asset Management Co. lifted its position in 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 last quarter. Conestoga Capital Advisors LLC acquired a new position in Crane NXT in the fourth quarter valued at $31,517,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Crane NXT by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 460,143 shares of the company's stock worth $26,790,000 after purchasing an additional 15,280 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.
Crane NXT Stock Performance
Crane NXT stock traded down $0.64 during trading hours on Wednesday, reaching $52.31. 332,391 shares of the stock were exchanged, compared to its average volume of 359,738. Crane NXT, Co. has a 52-week low of $52.02 and a 52-week high of $67.01. The stock has a market cap of $2.99 billion, a P/E ratio of 16.40 and a beta of 1.32. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14. The firm's 50 day moving average is $58.91 and its 200 day moving average is $58.21.
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 (EPS) for the quarter, topping 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%. Analysts predict that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.
Crane NXT Increases Dividend
The firm 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 represents a $0.68 dividend on an annualized basis and a yield of 1.30%. 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. Crane NXT's dividend payout ratio is currently 21.32%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on CXT. Northland Securities cut 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, February 18th. Northland Capmk cut 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $83.33.
Check Out Our Latest Stock Report on Crane NXT
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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