Proficio Capital Partners LLC Acquires New Position in Crane NXT, Co. (NYSE:CXT)

Proficio Capital Partners LLC bought a new stake in Crane NXT, Co. (NYSE:CXT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,586 shares of the company's stock, valued at approximately $675,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Crane NXT in the 3rd quarter valued at $32,000. Fifth Third Bancorp raised 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 worth $32,000 after buying an additional 276 shares during the period. Venturi Wealth Management LLC boosted its holdings in Crane NXT by 985.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company's stock valued at $95,000 after acquiring an additional 1,488 shares during the last quarter. Quest Partners LLC purchased a new stake in Crane NXT during the third quarter valued at about $181,000. Finally, Oak Thistle LLC purchased a new stake in Crane NXT during the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 77.49% of the company's stock.

Crane NXT Stock Down 1.2 %

NYSE CXT traded down $0.64 on Wednesday, reaching $52.31. The company had a trading volume of 332,391 shares, compared to its average volume of 359,738. The firm has a market capitalization of $2.99 billion, a PE ratio of 16.40 and a beta of 1.32. The firm has a 50-day moving average of $58.91 and a 200-day moving average of $58.21. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88. Crane NXT, Co. has a 1 year low of $52.02 and a 1 year high of $67.01.

Remove Ads

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, topping 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, equities research analysts anticipate that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend 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 payout ratio is 21.32%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Northland Securities lowered 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. Northland Capmk lowered shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Crane NXT has a consensus rating of "Moderate Buy" and an average 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.