Crane NXT, Co. (NYSE:CXT) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 15.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,307 shares of the company's stock after buying an additional 18,735 shares during the quarter. Sei Investments Co. owned about 0.25% of Crane NXT worth $8,343,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CXT. State Street Corp lifted its position in Crane NXT by 1.6% during the 3rd quarter. State Street Corp now owns 1,443,518 shares of the company's stock worth $80,981,000 after acquiring an additional 22,041 shares during the period. Geode Capital Management LLC lifted its holdings 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 during the period. Congress Asset Management Co. lifted its holdings in shares of Crane NXT by 1.3% during the fourth quarter. Congress Asset Management Co. now owns 752,734 shares of the company's stock worth $43,824,000 after purchasing an additional 9,921 shares during the period. Conestoga Capital Advisors LLC acquired a new position in Crane NXT in the 4th quarter worth approximately $31,517,000. Finally, Charles Schwab Investment Management Inc. raised its position in Crane NXT by 3.4% during the 4th 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 owned by hedge funds and other institutional investors.

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Crane NXT Stock Performance

NYSE:CXT traded down $5.31 during trading hours on Thursday, reaching $46.91. The company had a trading volume of 688,502 shares, compared to its average volume of 375,105. 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 $46.33 and a 1-year high of $67.01. The business's 50 day moving average price is $57.03 and its 200-day moving average price is $57.92. The firm has a market cap of $2.68 billion, a PE ratio of 14.70 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 for the quarter, beating the consensus estimate of $1.19 by $0.01. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. Research analysts forecast that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were paid a dividend of $0.17 per share. This is a positive change from Crane NXT's previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Friday, February 28th. Crane NXT's dividend payout ratio is presently 21.32%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CXT. Northland Capmk downgraded shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Northland Securities downgraded shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 target price for the company. in a research report 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.