Crane NXT, Co. $CXT Shares Acquired by CW Advisors LLC

CW Advisors LLC raised its stake in Crane NXT, Co. (NYSE:CXT) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,802 shares of the company’s stock after acquiring an additional 5,373 shares during the period. CW Advisors LLC’s holdings in Crane NXT were worth $5,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in CXT. Wellington Management Group LLP boosted its position in shares of Crane NXT by 16.2% in the 1st quarter. Wellington Management Group LLP now owns 3,668,953 shares of the company’s stock valued at $188,584,000 after purchasing an additional 512,813 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Crane NXT by 13.4% in the first quarter. Victory Capital Management Inc. now owns 1,367,931 shares of the company’s stock valued at $70,312,000 after acquiring an additional 161,417 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Crane NXT by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,229,469 shares of the company’s stock valued at $71,579,000 after acquiring an additional 136,810 shares during the period. Invesco Ltd. grew its position in shares of Crane NXT by 4.0% during the first quarter. Invesco Ltd. now owns 1,064,749 shares of the company’s stock worth $54,728,000 after acquiring an additional 40,602 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC increased its holdings in shares of Crane NXT by 95.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,021,474 shares of the company’s stock valued at $59,470,000 after acquiring an additional 499,290 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Trading Up 5.2%

Shares of Crane NXT stock opened at $63.2770 on Friday. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 24.15 and a beta of 1.33. Crane NXT, Co. has a 52-week low of $41.54 and a 52-week high of $67.00. The company’s 50-day simple moving average is $57.69 and its 200-day simple moving average is $54.30. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.73.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. Crane NXT had a return on equity of 20.22% and a net margin of 9.84%.The company had revenue of $404.40 million for the quarter, compared to analyst estimates of $382.79 million. As a group, equities research analysts anticipate that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th will be given a $0.17 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.68 annualized dividend and a yield of 1.1%. Crane NXT’s dividend payout ratio is presently 25.95%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CXT. UBS Group decreased their price target on shares of Crane NXT from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. DA Davidson reiterated a “buy” rating and set a $85.00 target price on shares of Crane NXT in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Crane NXT 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.