Kirr Marbach & Co. LLC IN Decreases Stock Holdings in Crane NXT, Co. (NYSE:CXT)

Kirr Marbach & Co. LLC IN lowered its position in shares of Crane NXT, Co. (NYSE:CXT) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,756 shares of the company’s stock after selling 525 shares during the period. Crane NXT accounts for approximately 1.2% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 28th largest position. Kirr Marbach & Co. LLC IN owned 0.17% of Crane NXT worth $5,517,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Crane NXT in the 3rd quarter valued at about $32,000. Fifth Third Bancorp boosted its holdings in Crane NXT by 98.6% in the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock valued at $32,000 after purchasing an additional 276 shares in the last quarter. nVerses Capital LLC purchased a new position in Crane NXT in the third quarter valued at approximately $45,000. GAMMA Investing LLC raised its holdings in Crane NXT by 17.4% during the third quarter. GAMMA Investing LLC now owns 2,567 shares of the company’s stock worth $144,000 after purchasing an additional 380 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Crane NXT during the 3rd quarter worth approximately $181,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Crane NXT Stock Up 0.3 %

Shares of NYSE:CXT opened at $63.59 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 1.01. The stock has a market cap of $3.64 billion, a P/E ratio of 20.85 and a beta of 1.35. Crane NXT, Co. has a 1-year low of $52.89 and a 1-year high of $67.00. The firm has a fifty day moving average price of $60.97 and a 200 day moving average price of $58.49.

Crane NXT (NYSE:CXT) last released its quarterly earnings results 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 firm had revenue of $403.50 million for the quarter, compared to analyst estimates of $392.44 million. During the same quarter last year, the company posted $1.09 earnings per share. The business’s revenue was up 14.3% on a year-over-year basis. Sell-side analysts predict that Crane NXT, Co. will post 4.26 EPS for the current year.

Crane NXT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, November 29th. Crane NXT’s dividend payout ratio is presently 20.98%.

Wall Street Analyst Weigh In

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

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.