Envestnet Portfolio Solutions Inc. Makes New $334,000 Investment in Crane NXT, Co. (NYSE:CXT)

Envestnet Portfolio Solutions Inc. purchased a new stake in Crane NXT, Co. (NYSE:CXT - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 5,734 shares of the company's stock, valued at approximately $334,000.

Other large investors also recently made changes to their positions in the company. Quest Partners LLC acquired a new position in Crane NXT in the third quarter valued at $181,000. PNC Financial Services Group Inc. increased its stake in shares of Crane NXT by 9.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 16,910 shares of the company's stock valued at $949,000 after acquiring an additional 1,473 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 acquiring an additional 12,026 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Crane NXT during the 3rd quarter worth about $407,000. Finally, Quantbot Technologies LP boosted its position in shares of Crane NXT by 296.9% in the third quarter. Quantbot Technologies LP now owns 24,065 shares of the company's stock worth $1,350,000 after acquiring an additional 18,002 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company's stock.

Analyst Ratings Changes

CXT has been the topic of a number of recent analyst reports. Northland Capmk downgraded shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Northland Securities downgraded 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. Two investment 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 company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $83.33.

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Crane NXT Stock Up 0.1 %

Shares of NYSE:CXT traded up $0.07 during midday trading on Monday, hitting $51.41. 391,345 shares of the company's stock traded hands, compared to its average volume of 372,963. The firm's fifty day moving average price is $57.96 and its two-hundred day moving average price is $58.09. 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, Co. has a twelve month low of $50.50 and a twelve month high of $67.01. The company has a market cap of $2.94 billion, a PE ratio of 16.12 and a beta of 1.32.

Crane NXT (NYSE:CXT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.01. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. On average, equities research analysts anticipate that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Friday, February 28th. This is a boost from Crane NXT's previous quarterly dividend of $0.16. Crane NXT's dividend payout ratio is currently 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.