Xponance Inc. Boosts Stake in Crane NXT, Co. (NYSE:CXT)

Xponance Inc. lifted its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,587 shares of the company’s stock after purchasing an additional 328 shares during the quarter. Xponance Inc.’s holdings in Crane NXT were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in Crane NXT in the third quarter valued at about $32,000. Fifth Third Bancorp lifted its holdings in shares of Crane NXT by 98.6% in the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock worth $32,000 after acquiring an additional 276 shares during the last quarter. Venturi Wealth Management LLC lifted 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 worth $95,000 after acquiring an additional 1,488 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Crane NXT during the 3rd quarter worth approximately $181,000. Finally, Cascade Financial Partners LLC acquired a new stake in Crane NXT in the 4th quarter valued at approximately $202,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CXT shares. 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 report on Tuesday, February 18th. Northland Capmk lowered shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Two 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $83.33.

Crane NXT Trading Up 0.7 %

NYSE:CXT opened at $52.68 on Friday. The stock has a fifty day moving average price of $58.46 and a 200 day moving average price of $58.13. 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, Co. has a 12-month low of $51.25 and a 12-month high of $67.01. The firm has a market cap of $3.02 billion, a PE ratio of 16.51 and a beta of 1.32.

Crane NXT (NYSE:CXT) last announced 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 return on equity of 24.08% and a net margin of 12.38%. Sell-side analysts anticipate that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were given a $0.17 dividend. The ex-dividend date was Friday, February 28th. This is an increase from Crane NXT’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.29%. Crane NXT’s dividend payout ratio is currently 21.32%.

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.