Crane NXT, Co. (NYSE:CXT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,206,514 shares of the company's stock after selling 12,247 shares during the quarter. Victory Capital Management Inc. owned approximately 2.11% of Crane NXT worth $70,243,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CXT. Stifel Financial Corp grew its stake in Crane NXT by 60.6% in 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 during the period. Park Avenue Securities LLC purchased a new stake in shares of Crane NXT in the fourth quarter valued at $527,000. Barclays PLC increased its stake in Crane NXT by 45.3% in the third quarter. Barclays PLC now owns 37,663 shares of the company's stock valued at $2,113,000 after purchasing an additional 11,734 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in Crane NXT by 12.3% during the third quarter. Lord Abbett & CO. LLC now owns 396,152 shares of the company's stock worth $22,224,000 after buying an additional 43,439 shares during the period. Finally, FORA Capital LLC acquired a new stake in Crane NXT in the 3rd quarter worth about $507,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CXT. 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 lowered shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Crane NXT currently has an average rating of "Moderate Buy" and an average target price of $83.33.

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Crane NXT Trading Down 0.1 %

CXT stock traded down $0.08 during midday trading on Monday, reaching $54.12. 567,822 shares of the company's stock traded hands, compared to its average volume of 459,369. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88. Crane NXT, Co. has a fifty-two week low of $52.89 and a fifty-two week high of $67.00. The business has a 50-day moving average price of $60.47 and a two-hundred day moving average price of $58.53. The company has a market capitalization of $3.10 billion, a P/E ratio of 16.97 and a beta of 1.32.

Crane NXT (NYSE:CXT - Get Free Report) last announced 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%. Equities research analysts forecast that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be given a dividend of $0.17 per share. This is a boost from Crane NXT's previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, February 28th. Crane NXT's payout ratio is presently 21.32%.

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.