HighPoint Advisor Group LLC Lowers Position in Crane NXT, Co. (NYSE:CXT)

HighPoint Advisor Group LLC decreased its stake in shares of Crane NXT, Co. (NYSE:CXT) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,928 shares of the company’s stock after selling 562 shares during the period. HighPoint Advisor Group LLC’s holdings in Crane NXT were worth $413,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP grew its stake in shares of Crane NXT by 2.4% in the 4th quarter. Wellington Management Group LLP now owns 3,156,140 shares of the company’s stock worth $183,750,000 after acquiring an additional 72,992 shares in the last quarter. Cornercap Investment Counsel Inc. grew its position in Crane NXT by 83.4% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 7,714 shares of the company’s stock worth $449,000 after purchasing an additional 3,507 shares in the last quarter. Level Four Advisory Services LLC increased its stake in Crane NXT by 62.5% in the 4th quarter. Level Four Advisory Services LLC now owns 25,208 shares of the company’s stock valued at $1,468,000 after buying an additional 9,700 shares during the last quarter. Norges Bank bought a new position in shares of Crane NXT during the 4th quarter worth approximately $26,754,000. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Crane NXT by 2.0% in the 4th quarter. Loomis Sayles & Co. L P now owns 384,487 shares of the company’s stock worth $22,385,000 after buying an additional 7,399 shares during the last quarter. Institutional investors own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CXT shares. Northland Capmk downgraded Crane NXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Northland Securities cut Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 target price on the stock. in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.33.

Crane NXT Stock Performance

NYSE:CXT opened at $52.13 on Thursday. Crane NXT, Co. has a 1 year low of $50.23 and a 1 year high of $67.01. 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 has a fifty day simple moving average of $57.40 and a two-hundred day simple moving average of $58.00. The company has a market capitalization of $2.98 billion, a P/E ratio of 16.34 and a beta of 1.32.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts expect that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 28th. 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 1.30%. Crane NXT’s dividend payout ratio (DPR) is 21.32%.

About Crane NXT

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.