RNC Capital Management LLC bought a new stake in Crane NXT, Co. (NYSE:CXT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,115 shares of the company's stock, valued at approximately $764,000.
Several other hedge funds have also recently added to or reduced their stakes in CXT. Conestoga Capital Advisors LLC bought a new stake in shares of Crane NXT in the 4th quarter valued at about $31,517,000. KBC Group NV raised its holdings in Crane NXT by 3.6% in the fourth quarter. KBC Group NV now owns 30,670 shares of the company's stock worth $1,786,000 after purchasing an additional 1,069 shares during the period. Register Financial Advisors LLC boosted its position in shares of Crane NXT by 25.9% during the fourth quarter. Register Financial Advisors LLC now owns 7,311 shares of the company's stock worth $426,000 after purchasing an additional 1,505 shares in the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of Crane NXT by 2.4% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 20,623 shares of the company's stock valued at $1,201,000 after buying an additional 489 shares during the period. Finally, Fifth Third Bancorp increased 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 in the last quarter. Institutional investors and hedge funds own 77.49% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on CXT. Robert W. Baird boosted their target price on Crane NXT from $77.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Baird R W upgraded Crane NXT to a "strong-buy" rating in a research report on Thursday, October 17th.
Check Out Our Latest Analysis on Crane NXT
Crane NXT Stock Down 0.3 %
CXT stock traded down $0.21 during trading hours on Monday, reaching $61.69. 177,364 shares of the stock were exchanged, compared to its average volume of 387,672. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 20.24 and a beta of 1.36. The firm's 50-day moving average is $61.38 and its 200-day moving average is $58.68. Crane NXT, Co. has a 12 month low of $52.89 and a 12 month high of $67.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 1.01.
Crane NXT Profile
(
Free Report)
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.
See Also
Before you consider Crane NXT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Crane NXT wasn't on the list.
While Crane NXT currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
