Cascade Financial Partners LLC Makes New $202,000 Investment in Crane NXT, Co. (NYSE:CXT)

Cascade Financial Partners LLC acquired a new stake in Crane NXT, Co. (NYSE:CXT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,470 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CXT. Fifth Third Bancorp boosted its holdings in Crane NXT by 98.6% in the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock valued at $32,000 after purchasing an additional 276 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Crane NXT during the 3rd quarter worth approximately $32,000. Venturi Wealth Management LLC boosted its holdings in shares of Crane NXT by 985.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company’s stock valued at $95,000 after buying an additional 1,488 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Crane NXT in the 3rd quarter valued at $181,000. Finally, Oak Thistle LLC acquired a new stake in Crane NXT during the 4th quarter worth $203,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Stock Down 0.6 %

Shares of NYSE:CXT opened at $52.96 on Thursday. Crane NXT, Co. has a 1-year low of $52.89 and a 1-year high of $67.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88. The stock has a market cap of $3.03 billion, a P/E ratio of 16.60 and a beta of 1.32. The firm has a fifty day moving average price of $60.18 and a 200 day moving average price of $58.43.

Crane NXT (NYSE:CXT) last announced its earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share for the quarter, topping 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%. Sell-side analysts predict that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were paid a $0.17 dividend. This is an increase from Crane NXT’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, February 28th. Crane NXT’s dividend payout ratio (DPR) is 21.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CXT shares. Northland Capmk downgraded shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Northland Securities cut 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 given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently 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.