Linden Thomas Advisory Services LLC Acquires 489 Shares of Crane NXT, Co. (NYSE:CXT)

Linden Thomas Advisory Services LLC boosted its holdings in Crane NXT, Co. (NYSE:CXT) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,623 shares of the company’s stock after acquiring an additional 489 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Crane NXT were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in Crane NXT in the 3rd quarter valued at $32,000. Fifth Third Bancorp grew its holdings 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. nVerses Capital LLC acquired a new position in Crane NXT in the 3rd quarter valued at $45,000. GAMMA Investing LLC grew its holdings in Crane NXT by 17.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,567 shares of the company’s stock valued at $144,000 after buying an additional 380 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Crane NXT in the 3rd quarter valued at $181,000. Institutional investors own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

CXT has been the topic of several analyst reports. DA Davidson reissued a “buy” rating and set a $100.00 target price on shares of Crane NXT in a report on Monday, September 30th. Northland Securities reduced their target price on Crane NXT from $96.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, October 7th. Robert W. Baird increased their target price on Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Baird R W upgraded Crane NXT to a “strong-buy” rating in a research report on Thursday, October 17th.

Crane NXT Price Performance

Crane NXT stock opened at $63.74 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.01 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $3.64 billion, a PE ratio of 20.90 and a beta of 1.35. Crane NXT, Co. has a 12 month low of $52.89 and a 12 month high of $67.00. The stock has a 50-day moving average price of $60.69 and a two-hundred day moving average price of $58.38.

Crane NXT (NYSE:CXT) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The company had revenue of $403.50 million during the quarter, compared to the consensus estimate of $392.44 million. During the same period last year, the company earned $1.09 earnings per share. The firm’s revenue was up 14.3% compared to the same quarter last year. Analysts expect that Crane NXT, Co. will post 4.26 EPS for the current year.

Crane NXT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.64 dividend on an annualized basis and a yield of 1.00%. Crane NXT’s dividend payout ratio (DPR) is presently 20.98%.

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.