Cetera Trust Company N.A Takes $220,000 Position in Crane NXT, Co. (NYSE:CXT)

Cetera Trust Company N.A purchased a new position in Crane NXT, Co. (NYSE:CXTFree Report) during the fourth quarter, Holdings Channel.com reports. The fund purchased 3,873 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors have also bought and sold shares of CXT. CWM LLC bought a new stake in shares of Crane NXT in the third quarter valued at $28,000. AE Wealth Management LLC purchased a new stake in Crane NXT during the third quarter valued at about $1,731,000. Ronald Blue Trust Inc. bought a new position in Crane NXT during the third quarter worth about $30,000. Ritholtz Wealth Management purchased a new position in shares of Crane NXT in the third quarter worth about $364,000. Finally, SG Americas Securities LLC bought a new stake in shares of Crane NXT in the third quarter valued at approximately $1,554,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. DA Davidson lifted their price objective on shares of Crane NXT from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Northland Securities began coverage on Crane NXT in a research note on Monday, April 8th. They set an “outperform” rating and a $91.00 price objective on the stock.

Check Out Our Latest Stock Analysis on Crane NXT

Crane NXT Price Performance

Shares of NYSE:CXT opened at $61.33 on Monday. Crane NXT, Co. has a 12 month low of $46.14 and a 12 month high of $63.36. The company has a current ratio of 1.93, a quick ratio of 1.46 and a debt-to-equity ratio of 0.66. The stock has a market cap of $3.50 billion, a P/E ratio of 18.76 and a beta of 1.37. The company has a 50 day moving average of $60.09 and a 200 day moving average of $56.43.

Crane NXT (NYSE:CXTGet Free Report) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.07. Crane NXT had a net margin of 13.53% and a return on equity of 20.33%. The firm had revenue of $356.90 million for the quarter, compared to analysts’ expectations of $340.89 million. During the same quarter in the prior year, the firm posted $2.13 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Crane NXT, Co. will post 4.26 EPS for the current fiscal year.

Crane NXT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Thursday, February 29th were paid a $0.16 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.64 annualized dividend and a yield of 1.04%. This is a positive change from Crane NXT’s previous quarterly dividend of $0.14. Crane NXT’s dividend payout ratio is currently 19.57%.

Crane NXT Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Crane NXT (NYSE:CXT)

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