Quantinno Capital Management LP Buys 3,695 Shares of Crane NXT, Co. (NYSE:CXT)

Quantinno Capital Management LP grew its stake in shares of Crane NXT, Co. (NYSE:CXT) by 19.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 22,425 shares of the company’s stock after purchasing an additional 3,695 shares during the period. Quantinno Capital Management LP’s holdings in Crane NXT were worth $1,306,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital International Investors boosted its stake in shares of Crane NXT by 79.3% in the 4th quarter. Capital International Investors now owns 1,351,044 shares of the company’s stock worth $78,658,000 after buying an additional 597,537 shares during the last quarter. Conestoga Capital Advisors LLC purchased a new position in shares of Crane NXT in the 4th quarter worth approximately $31,517,000. Norges Bank purchased a new position in shares of Crane NXT in the 4th quarter worth approximately $26,754,000. FMR LLC boosted its stake in shares of Crane NXT by 4.1% in the 4th quarter. FMR LLC now owns 8,576,731 shares of the company’s stock worth $499,337,000 after buying an additional 336,765 shares during the last quarter. Finally, Capital World Investors purchased a new position in shares of Crane NXT in the 4th quarter worth approximately $10,719,000. 77.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CXT shares. UBS Group cut their target price on Crane NXT from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Northland Capmk downgraded Crane NXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. DA Davidson cut their target price on Crane NXT from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Finally, Northland Securities downgraded Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price objective on the stock. in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Crane NXT presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.75.

Crane NXT Price Performance

Crane NXT stock opened at $52.27 on Friday. Crane NXT, Co. has a 12 month low of $41.54 and a 12 month high of $67.01. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51. The business’s 50 day simple moving average is $49.27 and its 200 day simple moving average is $55.91. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 16.39 and a beta of 1.27.

Crane NXT (NYSE:CXT) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. The business had revenue of $330.30 million for the quarter, compared to the consensus estimate of $318.46 million. During the same quarter in the prior year, the business earned $0.85 earnings per share. Crane NXT’s revenue for the quarter was up 5.3% on a year-over-year basis. Sell-side analysts forecast that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Friday, May 30th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.30%. Crane NXT’s dividend payout ratio is currently 23.37%.

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.