Crane NXT, Co. (NYSE:CXT) Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP boosted its position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 76.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,290 shares of the company's stock after acquiring an additional 29,136 shares during the quarter. ExodusPoint Capital Management LP owned 0.12% of Crane NXT worth $3,918,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its holdings in Crane NXT by 60.6% during the 3rd quarter. Stifel Financial Corp now owns 43,627 shares of the company's stock worth $2,448,000 after acquiring an additional 16,465 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of Crane NXT in the 4th quarter valued at $527,000. Barclays PLC raised its stake in Crane NXT by 45.3% during the 3rd quarter. Barclays PLC now owns 37,663 shares of the company's stock worth $2,113,000 after acquiring an additional 11,734 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in Crane NXT by 12.3% in the third quarter. Lord Abbett & CO. LLC now owns 396,152 shares of the company's stock valued at $22,224,000 after acquiring an additional 43,439 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Crane NXT by 437.3% in the 3rd quarter. Jane Street Group LLC now owns 67,092 shares of the company's stock valued at $3,764,000 after purchasing an additional 54,606 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company's stock.

Crane NXT Price Performance

Shares of Crane NXT stock traded up $0.25 during trading on Friday, reaching $45.27. The company's stock had a trading volume of 361,361 shares, compared to its average volume of 379,955. The business has a 50 day moving average price of $54.00 and a 200-day moving average price of $57.17. The company has a market capitalization of $2.59 billion, a P/E ratio of 14.19 and a beta of 1.21. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51. Crane NXT, Co. has a 12-month low of $41.54 and a 12-month high of $67.01.

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

Crane NXT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Crane NXT's previous quarterly dividend of $0.16. Crane NXT's dividend payout ratio is 21.32%.

Analyst Upgrades and Downgrades

CXT has been the subject of several research reports. Northland Capmk downgraded shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Northland Securities cut Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price objective for the company. in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company 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.