Prudent Man Advisors LLC Has $526,000 Holdings in Crane NXT, Co. (NYSE:CXT)

Prudent Man Advisors LLC reduced its holdings in Crane NXT, Co. (NYSE:CXT) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,034 shares of the company’s stock after selling 1,612 shares during the quarter. Prudent Man Advisors LLC’s holdings in Crane NXT were worth $526,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. State Street Corp raised its holdings in shares of Crane NXT by 1.6% in the 3rd quarter. State Street Corp now owns 1,443,518 shares of the company’s stock worth $80,981,000 after purchasing an additional 22,041 shares during the period. Victory Capital Management Inc. grew 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 worth $68,372,000 after buying an additional 33,664 shares in the last quarter. Geode Capital Management LLC grew 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 in the last quarter. Congress Asset Management Co. increased its holdings in shares of Crane NXT by 1.3% in the 4th quarter. Congress Asset Management Co. now owns 752,734 shares of the company’s stock worth $43,824,000 after buying an additional 9,921 shares during the last quarter. Finally, Conestoga Capital Advisors LLC purchased a new stake in Crane NXT during the fourth quarter valued at about $31,517,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Trading Down 0.5 %

Crane NXT stock opened at $55.73 on Friday. Crane NXT, Co. has a 52-week low of $52.89 and a 52-week high of $67.00. The company has a market cap of $3.19 billion, a P/E ratio of 17.47 and a beta of 1.36. 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 business has a 50-day simple moving average of $60.84 and a two-hundred day simple moving average of $58.63.

Crane NXT (NYSE:CXT) last announced its earnings results 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%. 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 will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be issued a $0.17 dividend. This is a boost from Crane NXT’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, February 28th. Crane NXT’s dividend payout ratio (DPR) is currently 21.32%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Northland Capmk lowered Crane NXT from a “strong-buy” rating to a “hold” rating in a research report 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 on the stock. in a research note on Tuesday, February 18th. Finally, Robert W. Baird upped their price objective on shares of Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.