Congress Wealth Management LLC DE Sells 7,261 Shares of Crane NXT, Co. (NYSE:CXT)

Congress Wealth Management LLC DE trimmed its stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,429 shares of the company's stock after selling 7,261 shares during the quarter. Congress Wealth Management LLC DE owned approximately 0.19% of Crane NXT worth $6,313,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Crane NXT by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 5,930,995 shares of the company's stock worth $345,303,000 after buying an additional 66,800 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Crane NXT during the 4th quarter worth $588,000. Sei Investments Co. increased its holdings in Crane NXT by 15.0% in the 4th quarter. Sei Investments Co. now owns 143,307 shares of the company's stock worth $8,343,000 after purchasing an additional 18,735 shares in the last quarter. Quantbot Technologies LP raised its position in Crane NXT by 23.5% in the fourth quarter. Quantbot Technologies LP now owns 29,720 shares of the company's stock valued at $1,730,000 after purchasing an additional 5,655 shares during the last quarter. Finally, Xponance Inc. boosted its stake in shares of Crane NXT by 6.2% during the fourth quarter. Xponance Inc. now owns 5,587 shares of the company's stock valued at $325,000 after purchasing an additional 328 shares in the last quarter. Institutional investors own 77.49% of the company's stock.

Remove Ads

Crane NXT Trading Down 2.5 %

Shares of Crane NXT stock traded down $1.30 during midday trading on Friday, reaching $51.32. The company had a trading volume of 286,352 shares, compared to its average volume of 372,889. The stock has a fifty day moving average price of $58.21 and a 200 day moving average price of $58.13. Crane NXT, Co. has a fifty-two week low of $50.87 and a fifty-two week high of $67.01. The firm has a market cap of $2.94 billion, a PE ratio of 16.09 and a beta of 1.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88.

Crane NXT (NYSE:CXT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.01. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. On average, equities analysts anticipate that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were given a $0.17 dividend. 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. This represents a $0.68 annualized dividend and a dividend yield of 1.33%. Crane NXT's dividend payout ratio (DPR) is 21.32%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CXT. Northland Securities downgraded Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price objective for the company. in a research note on Tuesday, February 18th. Northland Capmk cut shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $83.33.

Crane NXT Company 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.