Proficio Capital Partners LLC Buys Shares of 11,586 Crane NXT, Co. (NYSE:CXT)

Proficio Capital Partners LLC purchased a new stake in Crane NXT, Co. (NYSE:CXT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 11,586 shares of the company's stock, valued at approximately $675,000.

Several other institutional investors also recently bought and sold shares of the company. Amalgamated Bank raised its holdings in shares of Crane NXT by 1.0% during the fourth quarter. Amalgamated Bank now owns 22,950 shares of the company's stock valued at $1,336,000 after acquiring an additional 233 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Crane NXT by 985.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company's stock valued at $95,000 after purchasing an additional 1,488 shares during the last quarter. Truist Financial Corp lifted its holdings in Crane NXT by 63.1% in the 4th quarter. Truist Financial Corp now owns 50,970 shares of the company's stock valued at $2,967,000 after purchasing an additional 19,714 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Crane NXT by 9.3% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 37,186 shares of the company's stock worth $2,165,000 after purchasing an additional 3,151 shares during the last quarter. Finally, Secured Retirement Advisors LLC purchased a new stake in shares of Crane NXT during the fourth quarter worth $888,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CXT shares. Northland Securities downgraded shares of 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. Northland Capmk lowered shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $83.33.

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Crane NXT Trading Down 1.5 %

Shares of CXT traded down $0.79 during mid-day trading on Thursday, reaching $52.12. The stock had a trading volume of 285,230 shares, compared to its average volume of 456,380. 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 firm has a market cap of $2.98 billion, a price-to-earnings ratio of 16.34 and a beta of 1.32. The business's fifty day moving average is $60.18 and its 200 day moving average is $58.43. Crane NXT, Co. has a 52-week low of $52.05 and a 52-week high of $67.00.

Crane NXT (NYSE:CXT - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.20 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 predict that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.30%. The ex-dividend date was Friday, February 28th. This is a positive change from Crane NXT's previous quarterly dividend of $0.16. Crane NXT's dividend payout ratio (DPR) 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.