Wealthfront Advisers LLC Invests $2.59 Million in Crane NXT, Co. (NYSE:CXT)

Wealthfront Advisers LLC acquired a new stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 44,408 shares of the company's stock, valued at approximately $2,585,000. Wealthfront Advisers LLC owned about 0.08% of Crane NXT as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CXT. Atria Investments Inc increased its position in Crane NXT by 6.0% during the third quarter. Atria Investments Inc now owns 3,700 shares of the company's stock valued at $208,000 after acquiring an additional 208 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Crane NXT by 9.8% during the third 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 acquiring an additional 3,034 shares during the last quarter. Victory Capital Management Inc. increased its position in Crane NXT by 2.8% during the third quarter. Victory Capital Management Inc. now owns 1,218,761 shares of the company's stock valued at $68,372,000 after acquiring an additional 33,664 shares during the last quarter. MQS Management LLC bought a new position in Crane NXT during the third quarter valued at $295,000. Finally, Oppenheimer Asset Management Inc. increased its position in Crane NXT by 1.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 12,923 shares of the company's stock valued at $725,000 after acquiring an additional 245 shares during the last quarter. Institutional investors own 77.49% of the company's stock.

Crane NXT Stock Up 0.5 %

Shares of CXT traded up $0.30 during mid-day trading on Wednesday, hitting $55.32. 335,702 shares of the company traded hands, compared to its average volume of 356,880. Crane NXT, Co. has a 1-year low of $52.05 and a 1-year high of $67.01. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $3.17 billion, a PE ratio of 17.34 and a beta of 1.32. The business has a 50 day moving average of $59.75 and a 200 day moving average of $58.32.

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Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) 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%. Equities research analysts anticipate that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.23%. This is an increase from Crane NXT's previous quarterly dividend of $0.16. Crane NXT's dividend payout ratio is 21.32%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CXT shares. Northland Capmk cut shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Northland Securities cut 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 report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Crane NXT presently has a consensus rating of "Moderate Buy" and an average target price of $83.33.

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.