Loomis Sayles & Co. L P Raises Stock Holdings in Crane NXT, Co. (NYSE:CXT)

Loomis Sayles & Co. L P increased its stake in Crane NXT, Co. (NYSE:CXT - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,487 shares of the company's stock after acquiring an additional 7,399 shares during the period. Loomis Sayles & Co. L P owned approximately 0.67% of Crane NXT worth $22,385,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CXT. Vanguard Group Inc. boosted its holdings in shares of Crane NXT by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 5,930,995 shares of the company's stock worth $345,303,000 after purchasing an additional 66,800 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Crane NXT during the 4th quarter worth about $588,000. Sei Investments Co. lifted its holdings in Crane NXT by 15.0% during the 4th quarter. Sei Investments Co. now owns 143,307 shares of the company's stock valued at $8,343,000 after buying an additional 18,735 shares in the last quarter. Quantbot Technologies LP increased its position in Crane NXT by 23.5% during the 4th 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 period. Finally, Xponance Inc. raised its holdings in shares of Crane NXT by 6.2% in the 4th 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. 77.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CXT has been the topic of several research reports. Northland Securities lowered shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price objective on the stock. in a report on Tuesday, February 18th. Northland Capmk downgraded 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 given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $83.33.

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Crane NXT Stock Performance

Crane NXT stock traded up $0.61 during mid-day trading on Wednesday, reaching $52.14. 73,755 shares of the company traded hands, compared to its average volume of 372,401. Crane NXT, Co. has a fifty-two week low of $50.23 and a fifty-two week high of $67.01. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 16.35 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. The firm's fifty day moving average is $57.66 and its two-hundred day moving average is $58.04.

Crane NXT (NYSE:CXT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts expect that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal 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 paid a dividend of $0.17 per share. The ex-dividend date was Friday, February 28th. This is a positive change from Crane NXT's previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. Crane NXT's dividend payout ratio is 21.32%.

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.