Centiva Capital LP Makes New $525,000 Investment in Crane NXT, Co. (NYSE:CXT)

Centiva Capital LP bought a new stake in Crane NXT, Co. (NYSE:CXT - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,367 shares of the company's stock, valued at approximately $525,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CXT. Cetera Advisors LLC purchased a new stake in shares of Crane NXT in the first quarter valued at about $244,000. SG Americas Securities LLC acquired a new stake in Crane NXT during the 2nd quarter worth approximately $748,000. Welch Group LLC increased its holdings in shares of Crane NXT by 57.1% in the second quarter. Welch Group LLC now owns 5,500 shares of the company's stock valued at $338,000 after purchasing an additional 2,000 shares during the period. Blue Trust Inc. grew its position in Crane NXT by 27.8% in the 2nd quarter. Blue Trust Inc. now owns 942 shares of the company's stock valued at $58,000 after buying an additional 205 shares during the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Crane NXT in the second quarter valued at about $52,000. Hedge funds and other institutional investors own 77.49% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CXT shares. Robert W. Baird boosted their target price on Crane NXT from $77.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Baird R W upgraded Crane NXT to a "strong-buy" rating in a research report on Thursday, October 17th. Northland Securities decreased their target price on shares of Crane NXT from $96.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, October 7th. Finally, DA Davidson reiterated a "buy" rating and issued a $100.00 price target on shares of Crane NXT in a report on Monday, September 30th.

Crane NXT Price Performance

NYSE CXT traded down $0.45 during mid-day trading on Friday, hitting $60.67. The stock had a trading volume of 203,161 shares, compared to its average volume of 347,944. The company has a 50 day simple moving average of $57.05 and a 200 day simple moving average of $58.44. The company has a quick ratio of 1.01, a current ratio of 1.38 and a debt-to-equity ratio of 0.60. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 19.89 and a beta of 1.34. Crane NXT, Co. has a 52-week low of $50.31 and a 52-week 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 EPS for the quarter, topping the consensus estimate of $1.14 by $0.02. The business had revenue of $403.50 million for the quarter, compared to analyst estimates of $392.44 million. Crane NXT had a net margin of 12.18% and a return on equity of 23.46%. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.09 EPS. Equities analysts forecast that Crane NXT, Co. will post 4.26 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be issued a $0.16 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.05%. Crane NXT's dividend payout ratio (DPR) is 20.98%.

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.