Charles Schwab Investment Management Inc. lifted its stake in Crane NXT, Co. (NYSE:CXT - Free Report) by 3.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 460,143 shares of the company's stock after purchasing an additional 15,280 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.80% of Crane NXT worth $26,790,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Crane NXT by 1.6% in the third quarter. State Street Corp now owns 1,443,518 shares of the company's stock worth $80,981,000 after buying an additional 22,041 shares during the last quarter. Geode Capital Management LLC raised its stake 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 worth $56,157,000 after acquiring an additional 60,468 shares during the last quarter. Congress Asset Management Co. lifted its position in Crane NXT by 1.3% during the 4th quarter. Congress Asset Management Co. now owns 752,734 shares of the company's stock worth $43,824,000 after acquiring an additional 9,921 shares during the period. Conestoga Capital Advisors LLC purchased a new stake in Crane NXT during the 4th quarter valued at about $31,517,000. Finally, Lord Abbett & CO. LLC increased its holdings in shares of Crane NXT by 12.3% in the third quarter. Lord Abbett & CO. LLC now owns 396,152 shares of the company's stock valued at $22,224,000 after purchasing an additional 43,439 shares during the period. 77.49% of the stock is currently owned by institutional investors and hedge funds.
Crane NXT Stock Performance
Crane NXT stock traded down $0.58 during mid-day trading on Friday, hitting $52.94. The company had a trading volume of 332,622 shares, compared to its average volume of 357,732. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 16.59 and a beta of 1.32. Crane NXT, Co. has a 12-month low of $51.64 and a 12-month high of $67.01. The company's fifty day moving average is $59.47 and its 200-day moving average is $58.26. 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 (NYSE:CXT - Get Free Report) last released its quarterly earnings results 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%. Equities research analysts predict that Crane NXT, Co. will post 4.16 EPS for the current year.
Crane NXT Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were issued a $0.17 dividend. This is a boost from Crane NXT's previous quarterly dividend of $0.16. The ex-dividend date was Friday, February 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.28%. Crane NXT's dividend payout ratio is presently 21.32%.
Analyst Upgrades and Downgrades
CXT has been the topic of a number of recent research reports. Northland Securities lowered Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 target price on the stock. in a research report on Tuesday, February 18th. Northland Capmk lowered shares of 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 given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $83.33.
View Our Latest Stock Analysis on Crane NXT
About Crane NXT
(
Free Report)
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.
See Also
Before you consider Crane NXT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Crane NXT wasn't on the list.
While Crane NXT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
