Jump Financial LLC Makes New $2.41 Million Investment in Crane NXT, Co. (NYSE:CXT)

Jump Financial LLC acquired a new stake in Crane NXT, Co. (NYSE:CXT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 41,391 shares of the company's stock, valued at approximately $2,410,000. Jump Financial LLC owned about 0.07% of Crane NXT at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CXT. XTX Topco Ltd grew its position in shares of Crane NXT by 68.4% during the 4th quarter. XTX Topco Ltd now owns 9,759 shares of the company's stock valued at $568,000 after buying an additional 3,965 shares during the last quarter. CreativeOne Wealth LLC lifted its position in shares of Crane NXT by 9.8% in the fourth quarter. CreativeOne Wealth LLC now owns 8,798 shares of the company's stock worth $512,000 after buying an additional 787 shares during the last quarter. Mariner LLC bought a new position in Crane NXT in the fourth quarter worth $206,000. Barclays PLC lifted its position in Crane NXT by 66.6% in the fourth quarter. Barclays PLC now owns 62,750 shares of the company's stock worth $3,654,000 after purchasing an additional 25,087 shares during the period. Finally, Townsquare Capital LLC raised its holdings in shares of Crane NXT by 14.3% in the fourth quarter. Townsquare Capital LLC now owns 37,723 shares of the company's stock valued at $2,196,000 after buying an additional 4,709 shares during the last quarter. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Crane NXT Trading Up 3.5 %

Shares of CXT traded up $1.54 during mid-day trading on Thursday, hitting $46.09. 87,493 shares of the company's stock traded hands, compared to its average volume of 381,068. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51. Crane NXT, Co. has a 1 year low of $41.54 and a 1 year high of $67.01. The firm has a market capitalization of $2.64 billion, a P/E ratio of 14.45 and a beta of 1.21. The business's 50-day moving average price is $51.36 and its 200-day moving average price is $56.54.

Crane NXT (NYSE:CXT - Get Free Report) last announced its earnings results 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 net margin of 12.38% and a return on equity of 24.08%. As a group, sell-side analysts forecast that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were given a dividend of $0.17 per share. The ex-dividend date was Friday, February 28th. 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 dividend yield of 1.48%. Crane NXT's dividend 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.