Crane NXT, Co. (NYSE:CXT) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its stake in Crane NXT, Co. (NYSE:CXT - Free Report) by 22.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,973 shares of the company's stock after selling 8,632 shares during the period. Natixis Advisors LLC owned about 0.05% of Crane NXT worth $1,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in CXT. Fifth Third Bancorp grew its position in shares of Crane NXT by 98.6% in the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company's stock valued at $32,000 after buying an additional 276 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Crane NXT during the third quarter worth about $32,000. Venturi Wealth Management LLC increased its position in shares of Crane NXT by 985.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company's stock worth $95,000 after purchasing an additional 1,488 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Crane NXT in the 3rd quarter valued at about $181,000. Finally, Cascade Financial Partners LLC acquired a new position in Crane NXT during the fourth quarter worth approximately $202,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Crane NXT Stock Performance

Shares of NYSE:CXT traded down $1.30 during trading on Friday, reaching $51.32. The company had a trading volume of 286,352 shares, compared to its average volume of 372,392. Crane NXT, Co. has a fifty-two week low of $50.91 and a fifty-two week high of $67.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88. The stock's fifty day moving average price is $58.46 and its 200 day moving average price is $58.13. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 16.09 and a beta of 1.32.

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Crane NXT (NYSE:CXT - Get Free Report) last announced 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 net margin of 12.38% and a return on equity of 24.08%. As a group, equities research analysts predict that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.33%. This is an increase from Crane NXT's previous quarterly dividend of $0.16. Crane NXT's dividend payout ratio (DPR) is presently 21.32%.

Analyst Upgrades and Downgrades

CXT has been the topic of a number of research reports. Northland Capmk lowered shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Northland Securities lowered shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 price objective on the stock. in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Crane NXT presently has an average rating of "Moderate Buy" and a consensus target price of $83.33.

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.