Crane NXT, Co. (NYSE:CXT) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in Crane NXT, Co. (NYSE:CXT - Free Report) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 444,863 shares of the company's stock after purchasing an additional 12,026 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.78% of Crane NXT worth $24,957,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CXT. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Crane NXT by 64.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,891 shares of the company's stock worth $3,360,000 after buying an additional 23,580 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Crane NXT by 9.5% in the third quarter. PNC Financial Services Group Inc. now owns 16,910 shares of the company's stock valued at $949,000 after purchasing an additional 1,473 shares during the period. Quest Partners LLC purchased a new stake in Crane NXT during the 3rd quarter worth $181,000. Prudent Man Advisors LLC boosted its position in Crane NXT by 27.8% in the 3rd quarter. Prudent Man Advisors LLC now owns 10,646 shares of the company's stock valued at $597,000 after buying an additional 2,319 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in 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. 77.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Crane NXT Stock Performance

Shares of CXT stock traded down $0.45 on Friday, hitting $60.67. 203,151 shares of the stock traded hands, compared to its average volume of 348,359. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 1.01. Crane NXT, Co. has a 1-year low of $50.31 and a 1-year high of $64.80. The company's fifty day moving average is $56.95 and its 200 day moving average is $58.46. The company has a market capitalization of $3.47 billion, a PE ratio of 20.04 and a beta of 1.34.

Crane NXT (NYSE:CXT - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.02. The company had revenue of $403.50 million during the quarter, compared to the consensus estimate of $392.44 million. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. Crane NXT's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 earnings per share. On average, equities research analysts predict that Crane NXT, Co. will post 4.26 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

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