Crane NXT, Co. (NYSE:CXT) Shares Sold by LPL Financial LLC

LPL Financial LLC lessened its holdings in Crane NXT, Co. (NYSE:CXT - Free Report) by 23.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,994 shares of the company's stock after selling 15,775 shares during the quarter. LPL Financial LLC owned about 0.09% of Crane NXT worth $2,969,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CXT. State Street Corp boosted its stake in shares of Crane NXT by 1.6% in the third quarter. State Street Corp now owns 1,443,518 shares of the company's stock worth $80,981,000 after buying an additional 22,041 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Crane NXT by 6.4% during 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 in the last quarter. Congress Asset Management Co. lifted its stake in shares of Crane NXT by 1.3% in the fourth quarter. Congress Asset Management Co. now owns 752,734 shares of the company's stock worth $43,824,000 after buying an additional 9,921 shares in the last quarter. Conestoga Capital Advisors LLC acquired a new position in shares of Crane NXT during the 4th quarter worth approximately $31,517,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Crane NXT by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 460,143 shares of the company's stock worth $26,790,000 after buying an additional 15,280 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Northland Capmk lowered shares of 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 objective for the company. in a research report 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $83.33.

Crane NXT Price Performance

Shares of CXT stock traded up $0.07 during mid-day trading on Thursday, reaching $44.27. The stock had a trading volume of 30,878 shares, compared to its average volume of 451,494. Crane NXT, Co. has a 12-month low of $41.54 and a 12-month high of $67.00. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51. The business has a 50-day simple moving average of $52.88 and a 200 day simple moving average of $56.93. The company has a market cap of $2.54 billion, a P/E ratio of 13.88 and a beta of 1.21.

Crane NXT (NYSE:CXT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, beating 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, 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 declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were issued 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 1.54%. Crane NXT's payout ratio is 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.