Level Four Advisory Services LLC Increases Holdings in Crane NXT, Co. (NYSE:CXT)

Level Four Advisory Services LLC grew its position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 62.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,208 shares of the company's stock after buying an additional 9,700 shares during the quarter. Level Four Advisory Services LLC's holdings in Crane NXT were worth $1,468,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Crane NXT by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 444,863 shares of the company's stock valued at $24,957,000 after buying an additional 12,026 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Crane NXT during the 3rd quarter valued at about $407,000. Quantbot Technologies LP boosted its holdings in shares of Crane NXT by 296.9% during the 3rd quarter. Quantbot Technologies LP now owns 24,065 shares of the company's stock valued at $1,350,000 after acquiring an additional 18,002 shares during the last quarter. Townsquare Capital LLC grew its stake in shares of Crane NXT by 9.8% in the third quarter. Townsquare Capital LLC now owns 33,014 shares of the company's stock worth $1,852,000 after acquiring an additional 2,952 shares during the period. Finally, CreativeOne Wealth LLC grew its stake in shares of Crane NXT by 6.2% in the third quarter. CreativeOne Wealth LLC now owns 8,011 shares of the company's stock worth $449,000 after acquiring an additional 469 shares during the period. Institutional investors own 77.49% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CXT. Northland Capmk downgraded shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a research 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 on the stock. in a research note on Tuesday, February 18th. Two research 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $83.33.

Crane NXT Stock Performance

CXT traded down $5.17 during trading on Thursday, hitting $47.05. The company's stock had a trading volume of 238,635 shares, compared to its average volume of 373,397. The business's 50 day simple moving average is $57.40 and its 200-day simple moving average is $58.00. The firm has a market cap of $2.69 billion, a PE ratio of 14.75 and a beta of 1.32. Crane NXT, Co. has a one year low of $46.42 and a one year high of $67.01. 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 (NYSE:CXT - Get Free Report) last released its quarterly 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 return on equity of 24.08% and a net margin of 12.38%. As a group, sell-side analysts predict that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a $0.17 dividend. The ex-dividend date was Friday, February 28th. This is a boost 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 1.45%. Crane NXT's dividend payout ratio is 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.