Peregrine Capital Management LLC Sells 3,772 Shares of Crane NXT, Co. (NYSE:CXT)

Peregrine Capital Management LLC lessened its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 3.5% during the 4th quarter, HoldingsChannel reports. The firm owned 103,478 shares of the company’s stock after selling 3,772 shares during the period. Peregrine Capital Management LLC’s holdings in Crane NXT were worth $6,024,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Conestoga Capital Advisors LLC bought a new position in Crane NXT in the fourth quarter valued at approximately $31,517,000. Congress Asset Management Co. raised its holdings in shares of Crane NXT by 18.3% during the third quarter. Congress Asset Management Co. now owns 742,813 shares of the company’s stock worth $41,672,000 after acquiring an additional 114,707 shares during the period. Potrero Capital Research LLC bought a new stake in Crane NXT in the 3rd quarter valued at $5,734,000. ArrowMark Colorado Holdings LLC acquired a new position in Crane NXT in the 3rd quarter worth $5,712,000. Finally, Geode Capital Management LLC increased its holdings in Crane NXT by 6.4% during the 3rd 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. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Stock Performance

Shares of NYSE CXT opened at $59.25 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.38. The stock has a 50 day moving average price of $61.05 and a 200 day moving average price of $58.57. The stock has a market capitalization of $3.39 billion, a PE ratio of 19.43 and a beta of 1.36. Crane NXT, Co. has a 52 week low of $52.89 and a 52 week high of $67.00.

Crane NXT (NYSE:CXT) last released its quarterly earnings data 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 return on equity of 23.46% and a net margin of 12.18%. Analysts predict that Crane NXT, Co. will post 4.26 earnings per share for the current fiscal year.

Crane NXT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.15%. This is a boost from Crane NXT’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, February 28th. Crane NXT’s dividend payout ratio is presently 20.98%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Robert W. Baird boosted their price target on Crane NXT from $77.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Northland Securities downgraded Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price target for the company. in a research report on Tuesday.

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.