Crane NXT, Co. (NYSE:CXT) Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC increased its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 18.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,209 shares of the company’s stock after acquiring an additional 1,266 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Crane NXT were worth $467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CXT. CWM LLC acquired a new position in Crane NXT during the third quarter worth $28,000. Acadian Asset Management LLC purchased a new stake in shares of Crane NXT in the third quarter valued at $28,000. New England Capital Financial Advisors LLC purchased a new stake in shares of Crane NXT in the third quarter valued at $36,000. CI Investments Inc. purchased a new stake in shares of Crane NXT in the third quarter valued at $53,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Crane NXT in the third quarter valued at $82,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Stock Performance

Crane NXT stock opened at $62.52 on Friday. The stock’s 50-day moving average is $60.35 and its 200-day moving average is $56.63. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 19.12 and a beta of 1.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.93 and a quick ratio of 1.46. Crane NXT, Co. has a 12 month low of $46.14 and a 12 month high of $63.89.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.07. Crane NXT had a return on equity of 20.33% and a net margin of 13.53%. The company had revenue of $356.90 million for the quarter, compared to the consensus estimate of $340.89 million. During the same period last year, the business posted $2.13 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Crane NXT, Co. will post 4.26 earnings per share for the current year.

Crane NXT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 29th were paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.02%. This is a positive change from Crane NXT’s previous quarterly dividend of $0.14. Crane NXT’s dividend payout ratio (DPR) is 19.57%.

Analysts Set New Price Targets

CXT has been the topic of several recent research reports. DA Davidson upped their price objective on Crane NXT from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Northland Securities assumed coverage on Crane NXT in a research report on Monday, April 8th. They set an “outperform” rating and a $91.00 target price on the stock.

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.