Crane NXT, Co. (NYSE:CXT) Position Lessened by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its stake in shares of Crane NXT, Co. (NYSE:CXT) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,313 shares of the company’s stock after selling 1,194 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.50% of Crane NXT worth $16,786,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Crane NXT during the third quarter valued at approximately $32,000. Fifth Third Bancorp raised its stake in Crane NXT by 98.6% during the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock valued at $32,000 after acquiring an additional 276 shares in the last quarter. Venturi Wealth Management LLC raised its stake 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 acquiring an additional 1,488 shares in the last quarter. Quest Partners LLC acquired a new position in Crane NXT during the 3rd quarter worth $181,000. Finally, Cascade Financial Partners LLC bought a new position in shares of Crane NXT in the fourth quarter worth $202,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CXT. Northland Securities cut shares of Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price objective on the stock. in a research note on Tuesday, February 18th. Northland Capmk downgraded shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.33.

Crane NXT Stock Down 1.6 %

CXT opened at $52.98 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14. The stock’s fifty day moving average is $58.91 and its 200-day moving average is $58.21. Crane NXT, Co. has a one year low of $52.02 and a one year high of $67.01. The company has a market capitalization of $3.03 billion, a PE ratio of 16.61 and a beta of 1.32.

Crane NXT (NYSE:CXT) last released its earnings results on Wednesday, February 12th. The company reported $1.20 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%. On average, equities analysts predict that Crane NXT, Co. will post 4.16 EPS for the current fiscal 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 positive change from Crane NXT’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. Crane NXT’s dividend payout ratio (DPR) is currently 21.32%.

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.