Crane NXT, Co. (NYSE:CXT) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in Crane NXT, Co. (NYSE:CXT) by 23.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,720 shares of the company’s stock after acquiring an additional 5,655 shares during the period. Quantbot Technologies LP’s holdings in Crane NXT were worth $1,730,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Crane NXT in the third quarter valued at about $32,000. Fifth Third Bancorp lifted its stake in 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. Venturi Wealth Management LLC grew its holdings in Crane NXT by 985.4% during 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 during the last quarter. Quest Partners LLC purchased a new position in Crane NXT during the third quarter worth $181,000. Finally, Cascade Financial Partners LLC acquired a new position in shares of Crane NXT in the fourth quarter worth $202,000. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Northland Capmk lowered Crane NXT from a “strong-buy” rating to a “hold” rating in a research note 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 price target for the company. in a 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 issued a strong buy rating to the company. Based on data from MarketBeat, Crane NXT presently has an average rating of “Moderate Buy” and an average target price of $83.33.

Crane NXT Stock Performance

NYSE CXT opened at $53.85 on Tuesday. The business’s 50-day moving average price is $59.12 and its 200 day moving average price is $58.23. Crane NXT, Co. has a twelve month low of $52.02 and a twelve month high of $67.01. The company has a market capitalization of $3.08 billion, a PE ratio of 16.88 and a beta of 1.32. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data 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%. On average, research analysts predict that Crane NXT, Co. will post 4.16 earnings per share 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 paid a dividend of $0.17 per share. The ex-dividend date was Friday, February 28th. This is a boost from Crane NXT’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.26%. Crane NXT’s payout ratio is currently 21.32%.

About Crane NXT

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.