Prudent Man Advisors LLC Has $526,000 Holdings in Crane NXT, Co. (NYSE:CXT)

Prudent Man Advisors LLC cut its position in shares of Crane NXT, Co. (NYSE:CXT) by 15.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,034 shares of the company’s stock after selling 1,612 shares during the quarter. Prudent Man Advisors LLC’s holdings in Crane NXT were worth $526,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Stifel Financial Corp lifted its holdings in Crane NXT by 60.6% during the 3rd quarter. Stifel Financial Corp now owns 43,627 shares of the company’s stock valued at $2,448,000 after purchasing an additional 16,465 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of Crane NXT during the fourth quarter worth approximately $527,000. Barclays PLC lifted its position in shares of Crane NXT by 45.3% during the third quarter. Barclays PLC now owns 37,663 shares of the company’s stock worth $2,113,000 after purchasing an additional 11,734 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Crane NXT by 12.3% during the third quarter. Lord Abbett & CO. LLC now owns 396,152 shares of the company’s stock valued at $22,224,000 after purchasing an additional 43,439 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in shares of Crane NXT in the 3rd quarter valued at $507,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Stock Down 0.5 %

CXT stock opened at $55.73 on Friday. Crane NXT, Co. has a fifty-two week low of $52.89 and a fifty-two week high of $67.00. 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’s fifty day moving average price is $60.84 and its two-hundred day moving average price is $58.63. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 17.47 and a beta of 1.36.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.01. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. On average, equities analysts anticipate that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be given a dividend of $0.17 per share. This is an increase from Crane NXT’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.22%. The ex-dividend date is Friday, February 28th. Crane NXT’s payout ratio is currently 21.32%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Northland Securities lowered Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price target on the stock. in a research report on Tuesday, February 18th. Robert W. Baird lifted their price objective on shares of Crane NXT from $77.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Northland Capmk downgraded Crane NXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Two 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. According to data from MarketBeat, Crane NXT currently has an average rating of “Moderate Buy” and an average price target of $83.33.

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.