D.A. Davidson & CO. Has $8.46 Million Stake in Crane NXT, Co. (NYSE:CXT)

D.A. Davidson & CO. lessened its holdings in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 145,271 shares of the company's stock after selling 11,468 shares during the quarter. D.A. Davidson & CO. owned 0.25% of Crane NXT worth $8,458,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CXT. Conestoga Capital Advisors LLC bought a new stake in shares of Crane NXT during the fourth quarter worth $31,517,000. Congress Asset Management Co. increased its holdings in Crane NXT by 18.3% during the 3rd quarter. Congress Asset Management Co. now owns 742,813 shares of the company's stock worth $41,672,000 after purchasing an additional 114,707 shares in the last quarter. Potrero Capital Research LLC bought a new position in Crane NXT during the 3rd quarter worth about $5,734,000. ArrowMark Colorado Holdings LLC acquired a new stake in shares of Crane NXT in the 3rd quarter valued at about $5,712,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Crane NXT by 6.4% in the third 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. 77.49% of the stock is currently owned by institutional investors.

Crane NXT Stock Down 1.9 %

NYSE CXT traded down $1.12 during trading hours on Friday, hitting $58.15. 601,218 shares of the company traded hands, compared to its average volume of 477,540. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 18.23 and a beta of 1.36. Crane NXT, Co. has a twelve month low of $52.89 and a twelve month high of $67.00. The business's 50-day moving average is $60.94 and its 200-day moving average is $58.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14.

Crane NXT (NYSE:CXT - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share 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%. Sell-side analysts anticipate that Crane NXT, Co. will post 4.16 earnings per share for the current 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 issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.17%. This is a boost from Crane NXT's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, February 28th. Crane NXT's dividend payout ratio is presently 20.06%.

Analyst Ratings Changes

CXT has been the subject of a number of research reports. Northland Capmk downgraded Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Robert W. Baird lifted their price objective on shares of Crane NXT from $77.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, 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 research report on Tuesday. Two 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 company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $83.33.

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.