Renaissance Technologies LLC Acquires 24,300 Shares of Crane NXT, Co. (NYSE:CXT)

Renaissance Technologies LLC lifted its holdings in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 319.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,900 shares of the company's stock after buying an additional 24,300 shares during the period. Renaissance Technologies LLC owned about 0.06% of Crane NXT worth $1,857,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CXT. Fifth Third Bancorp boosted its holdings in shares of Crane NXT by 98.6% in the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company's stock valued at $32,000 after buying an additional 276 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Crane NXT in the 3rd quarter valued at about $32,000. Venturi Wealth Management LLC lifted its stake in Crane NXT by 985.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company's stock valued at $95,000 after purchasing an additional 1,488 shares during the last quarter. Cascade Financial Partners LLC bought a new position in Crane NXT during the fourth quarter worth about $202,000. Finally, Oak Thistle LLC acquired a new position in Crane NXT during the fourth quarter worth approximately $203,000. Institutional investors own 77.49% of the company's stock.

Crane NXT Price Performance

Shares of NYSE CXT traded up $0.05 during midday trading on Tuesday, reaching $47.27. The company's stock had a trading volume of 319,817 shares, compared to its average volume of 384,173. 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 company has a market cap of $2.71 billion, a P/E ratio of 14.82 and a beta of 1.21. The business's 50 day moving average price is $50.60 and its two-hundred day moving average price is $56.42. Crane NXT, Co. has a fifty-two week low of $41.54 and a fifty-two week high of $67.01.

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

Crane NXT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.44%. This is a boost from Crane NXT's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, February 28th. Crane NXT's dividend payout ratio (DPR) is 21.32%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Northland Capmk lowered Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Northland Securities cut shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price target on the stock. in a 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 issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.