Neumeier Poma Investment Counsel LLC Trims Holdings in Crane NXT, Co. (NYSE:CXT)

Neumeier Poma Investment Counsel LLC trimmed its position in Crane NXT, Co. (NYSE:CXT - Free Report) by 39.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,366 shares of the company's stock after selling 166,429 shares during the quarter. Neumeier Poma Investment Counsel LLC owned 0.44% of Crane NXT worth $14,751,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Conestoga Capital Advisors LLC bought a new stake in shares of Crane NXT during the 4th quarter worth approximately $31,517,000. Potrero Capital Research LLC acquired a new position in Crane NXT in the 3rd quarter valued at approximately $5,734,000. ArrowMark Colorado Holdings LLC bought a new position in Crane NXT during the 3rd quarter worth $5,712,000. Royce & Associates LP increased its position in Crane NXT by 35.7% during the 4th quarter. Royce & Associates LP now owns 376,421 shares of the company's stock valued at $21,915,000 after purchasing an additional 98,936 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Crane NXT by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 5,930,995 shares of the company's stock valued at $345,303,000 after buying an additional 66,800 shares during the period. Institutional investors own 77.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CXT shares. Northland Securities cut 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 research report on Tuesday, February 18th. Northland Capmk downgraded Crane NXT from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $83.33.

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Crane NXT Stock Performance

Shares of CXT opened at $51.41 on Tuesday. The stock has a 50 day moving average of $57.96 and a 200 day moving average of $58.09. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51. Crane NXT, Co. has a 12 month low of $50.62 and a 12 month high of $67.01. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 16.12 and a beta of 1.32.

Crane NXT (NYSE:CXT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates 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 forecast that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a dividend of $0.17 per share. This is an increase from Crane NXT's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.32%. Crane NXT's dividend payout ratio is presently 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.