Crane NXT, Co. (NYSE:CXT) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division reduced its position in Crane NXT, Co. (NYSE:CXT) by 42.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,600 shares of the company’s stock after selling 1,200 shares during the period. Central Pacific Bank Trust Division’s holdings in Crane NXT were worth $82,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Park Square Financial Group LLC purchased a new stake in shares of Crane NXT in the fourth quarter valued at about $26,000. Fifth Third Bancorp lifted its position in 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 acquired a new stake in Crane NXT during the 4th quarter worth approximately $42,000. Covestor Ltd grew its stake in shares of 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 last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Crane NXT in the fourth quarter valued at approximately $83,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Crane NXT Trading Down 0.9%

NYSE:CXT opened at $53.66 on Monday. The company has a market capitalization of $3.08 billion, a PE ratio of 16.82 and a beta of 1.27. Crane NXT, Co. has a 52-week low of $41.54 and a 52-week high of $67.01. The stock has a fifty day simple moving average of $49.18 and a 200-day simple moving average of $55.79. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51.

Crane NXT (NYSE:CXT) last released its earnings results on Wednesday, May 7th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. The company had revenue of $330.30 million for the quarter, compared to analyst estimates of $318.46 million. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. On average, equities research analysts expect that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, May 30th. Crane NXT’s payout ratio is currently 23.37%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. 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 report on Tuesday, February 18th. Northland Capmk downgraded shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. UBS Group decreased their price target 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. Finally, DA Davidson reduced their target price on Crane NXT from $100.00 to $85.00 and set a “buy” rating for the company in a report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $73.75.

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.