SG Americas Securities LLC Acquires 4,304 Shares of Crane NXT, Co. (NYSE:CXT)

SG Americas Securities LLC raised its position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 110.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,195 shares of the company's stock after acquiring an additional 4,304 shares during the period. SG Americas Securities LLC's holdings in Crane NXT were worth $477,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp grew its holdings in shares of Crane NXT by 1.6% during the third quarter. State Street Corp now owns 1,443,518 shares of the company's stock valued at $80,981,000 after buying an additional 22,041 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Crane NXT by 2.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,218,761 shares of the company's stock valued at $68,372,000 after purchasing an additional 33,664 shares during the last quarter. Geode Capital Management LLC raised its position in Crane NXT by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,000,796 shares of the company's stock valued at $56,157,000 after purchasing an additional 60,468 shares in the last quarter. Congress Asset Management Co. lifted its stake in Crane NXT by 18.3% in the third quarter. Congress Asset Management Co. now owns 742,813 shares of the company's stock worth $41,672,000 after acquiring an additional 114,707 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Crane NXT by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 444,863 shares of the company's stock worth $24,957,000 after purchasing an additional 12,026 shares during the last quarter. 77.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on CXT. Baird R W upgraded Crane NXT to a "strong-buy" rating in a research note on Thursday, October 17th. Robert W. Baird upped their price objective on Crane NXT from $77.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, November 8th.

Crane NXT Trading Up 1.5 %

Shares of CXT stock traded up $0.96 on Wednesday, reaching $64.82. 313,989 shares of the stock were exchanged, compared to its average volume of 388,030. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 1.01. The stock has a market cap of $3.71 billion, a PE ratio of 21.25 and a beta of 1.36. The stock has a 50 day moving average price of $61.33 and a 200 day moving average price of $58.64. Crane NXT, Co. has a one year low of $52.89 and a one year high of $67.00.

Crane NXT (NYSE:CXT - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.02. The company had revenue of $403.50 million during the quarter, compared to the consensus estimate of $392.44 million. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 earnings per share. Equities research analysts forecast that Crane NXT, Co. will post 4.26 EPS for the current fiscal year.

Crane NXT 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.