OMERS ADMINISTRATION Corp Sells 13,100 Shares of Crane NXT, Co. (NYSE:CXT)

OMERS ADMINISTRATION Corp reduced its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 38.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 20,700 shares of the company’s stock after selling 13,100 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Crane NXT were worth $1,205,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake in shares of Crane NXT by 98.6% during 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 period. Quarry LP bought a new stake in Crane NXT in the 4th quarter valued at $42,000. Covestor Ltd boosted its stake in Crane NXT by 38.6% in the 4th quarter. Covestor Ltd now owns 739 shares of the company’s stock valued at $43,000 after purchasing an additional 206 shares during the period. Lazard Asset Management LLC bought a new stake in Crane NXT in the 4th quarter valued at $83,000. Finally, Venturi Wealth Management LLC boosted its stake in Crane NXT by 985.4% in the 4th quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company’s stock valued at $95,000 after purchasing an additional 1,488 shares during the period. 77.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CXT. DA Davidson reduced their price target on Crane NXT from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Northland Capmk downgraded Crane NXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. 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 note on Tuesday, February 18th. Finally, UBS Group reduced their price target on Crane NXT from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $73.75.

Crane NXT Price Performance

Shares of NYSE CXT opened at $55.33 on Friday. The stock has a market capitalization of $3.17 billion, a PE ratio of 17.34 and a beta of 1.27. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88. The business has a fifty day moving average price of $49.30 and a two-hundred day moving average price of $55.94. Crane NXT, Co. has a fifty-two week low of $41.54 and a fifty-two week high of $67.01.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm had revenue of $330.30 million during the quarter, compared to analysts’ expectations of $318.46 million. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 EPS. As a group, equities analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Friday, May 30th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.68 annualized dividend and a yield of 1.23%. Crane NXT’s dividend payout ratio is presently 23.37%.

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.