JPMorgan Chase & Co. Sells 5,916 Shares of Crane NXT, Co. (NYSE:CXT)

JPMorgan Chase & Co. decreased its holdings in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,760 shares of the company's stock after selling 5,916 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.23% of Crane NXT worth $7,555,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Stifel Financial Corp increased its holdings in shares of Crane NXT by 60.6% during 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 last quarter. Jane Street Group LLC grew its position in shares of Crane NXT by 437.3% during the 3rd quarter. Jane Street Group LLC now owns 67,092 shares of the company's stock worth $3,764,000 after purchasing an additional 54,606 shares in the last quarter. Barclays PLC grew its position in Crane NXT by 45.3% during the third quarter. Barclays PLC now owns 37,663 shares of the company's stock worth $2,113,000 after buying an additional 11,734 shares in the last quarter. Geode Capital Management LLC increased its position 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 worth $56,157,000 after purchasing an additional 60,468 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Crane NXT in the 3rd quarter valued at approximately $377,000. Institutional investors own 77.49% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on CXT shares. Northland Capmk cut Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Northland Securities downgraded Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price target for the company. in a research note on Tuesday, February 18th. Two investment 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 company's stock. Based on data from MarketBeat.com, Crane NXT currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.33.

Crane NXT Stock Performance

NYSE CXT traded up $0.45 on Friday, hitting $44.65. 335,939 shares of the stock traded hands, compared to its average volume of 381,861. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 14.00 and a beta of 1.21. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14. The business's fifty day moving average is $52.24 and its two-hundred day moving average is $56.79. Crane NXT, Co. has a 12 month low of $41.54 and a 12 month high of $67.01.

Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. As a group, equities 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. Investors of record on Friday, February 28th were paid a $0.17 dividend. This is an increase from Crane NXT's previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Friday, February 28th. Crane NXT's dividend payout ratio is presently 21.32%.

Crane NXT 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.