Crane NXT, Co. (NYSE:CXT) Shares Sold by Bailard Inc.

Bailard Inc. cut its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 43.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,859 shares of the company’s stock after selling 3,700 shares during the period. Bailard Inc.’s holdings in Crane NXT were worth $283,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CXT. Atria Investments Inc boosted its position in Crane NXT by 6.0% during the 3rd quarter. Atria Investments Inc now owns 3,700 shares of the company’s stock worth $208,000 after acquiring an additional 208 shares during the period. Amalgamated Bank lifted its holdings in Crane NXT by 1.0% in the fourth quarter. Amalgamated Bank now owns 22,950 shares of the company’s stock worth $1,336,000 after purchasing an additional 233 shares during the period. Oppenheimer Asset Management Inc. grew its position in Crane NXT by 1.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 12,923 shares of the company’s stock valued at $725,000 after buying an additional 245 shares in the last quarter. Cetera Trust Company N.A increased its stake in Crane NXT by 7.0% during the 4th quarter. Cetera Trust Company N.A now owns 4,198 shares of the company’s stock valued at $244,000 after buying an additional 275 shares during the period. Finally, Fifth Third Bancorp increased its stake in Crane NXT by 98.6% during the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock valued at $32,000 after buying an additional 276 shares during the period. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CXT. Northland Securities lowered shares of 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. Robert W. Baird upped their target price on Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Northland Capmk cut Crane NXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.33.

Crane NXT Stock Performance

Shares of CXT opened at $53.69 on Thursday. Crane NXT, Co. has a 12-month low of $52.89 and a 12-month high of $67.00. The stock has a market capitalization of $3.07 billion, a P/E ratio of 16.83 and a beta of 1.32. The firm’s 50 day moving average is $60.64 and its 200-day moving average is $58.58. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88.

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

Crane NXT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.27%. This is an increase from Crane NXT’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, February 28th. Crane NXT’s dividend payout ratio is currently 21.32%.

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.