Quantbot Technologies LP Grows Position in Crane NXT, Co. (NYSE:CXT)

Quantbot Technologies LP raised its position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 23.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,720 shares of the company's stock after purchasing an additional 5,655 shares during the period. Quantbot Technologies LP owned approximately 0.05% of Crane NXT worth $1,730,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in Crane NXT during the third quarter valued at $181,000. PNC Financial Services Group Inc. increased its stake in shares of Crane NXT by 9.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 16,910 shares of the company's stock valued at $949,000 after acquiring an additional 1,473 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Crane NXT by 64.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,891 shares of the company's stock valued at $3,360,000 after acquiring an additional 23,580 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Crane NXT by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 444,863 shares of the company's stock worth $24,957,000 after acquiring an additional 12,026 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Crane NXT in the third quarter worth $407,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

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Crane NXT Trading Down 2.5 %

Shares of Crane NXT stock traded down $1.30 on Friday, hitting $51.32. The stock had a trading volume of 286,352 shares, compared to its average volume of 372,889. Crane NXT, Co. has a one year low of $50.91 and a one year high of $67.01. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 16.09 and a beta of 1.32. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51. The stock's 50-day simple moving average is $58.46 and its two-hundred day simple moving average is $58.13.

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

Crane NXT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were given a dividend of $0.17 per share. The ex-dividend date was Friday, February 28th. This is an increase from Crane NXT's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.33%. Crane NXT's payout ratio is 21.32%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CXT. Northland Securities lowered shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price target for the company. in a research note on Tuesday, February 18th. Northland Capmk lowered Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Two 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. Based on data from MarketBeat.com, Crane NXT presently has an average rating of "Moderate Buy" and a consensus target price of $83.33.

About Crane NXT

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.