Crane NXT, Co. (NYSE:CXT) Stock Position Decreased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 92.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 33,542 shares of the company's stock after selling 396,352 shares during the period. Thrivent Financial for Lutherans owned 0.06% of Crane NXT worth $1,882,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its stake in shares of Crane NXT by 1.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 12,923 shares of the company's stock worth $725,000 after purchasing an additional 245 shares in the last quarter. MQS Management LLC bought a new position in Crane NXT in the 3rd quarter valued at about $295,000. Victory Capital Management Inc. lifted its position in Crane NXT by 2.8% in the third quarter. Victory Capital Management Inc. now owns 1,218,761 shares of the company's stock worth $68,372,000 after purchasing an additional 33,664 shares during the period. State of New Jersey Common Pension Fund D increased its position in shares of Crane NXT by 9.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 34,035 shares of the company's stock valued at $1,909,000 after purchasing an additional 3,034 shares during the period. Finally, Atria Investments Inc raised its stake in shares of Crane NXT by 6.0% in the 3rd quarter. Atria Investments Inc now owns 3,700 shares of the company's stock worth $208,000 after buying an additional 208 shares in the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Robert W. Baird raised 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. Northland Securities dropped their target price on shares of Crane NXT from $96.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, October 7th. Baird R W upgraded shares of Crane NXT to a "strong-buy" rating in a report on Thursday, October 17th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $100.00 price target on shares of Crane NXT in a report on Monday, September 30th.

Crane NXT Trading Up 0.1 %

Shares of CXT traded up $0.07 during midday trading on Friday, hitting $62.68. The stock had a trading volume of 245,739 shares, compared to its average volume of 349,370. Crane NXT, Co. has a fifty-two week low of $50.31 and a fifty-two week high of $64.80. The business has a 50-day simple moving average of $56.47 and a two-hundred day simple moving average of $58.40. The company has a current ratio of 1.38, a quick ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm has a market cap of $3.58 billion, a P/E ratio of 20.55 and a beta of 1.33.

Crane NXT (NYSE:CXT - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.14 by $0.02. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The business had revenue of $403.50 million during the quarter, compared to analysts' expectations of $392.44 million. During the same quarter last year, the firm posted $1.09 earnings per share. Crane NXT's revenue was up 14.3% compared to the same quarter last year. As a group, equities analysts forecast that Crane NXT, Co. will post 4.26 EPS for the current year.

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be paid a $0.16 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.64 annualized dividend and a yield of 1.02%. Crane NXT's dividend payout ratio is presently 20.98%.

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.