Segall Bryant & Hamill LLC Sells 3,686 Shares of Crane NXT, Co. (NYSE:CXT)

Segall Bryant & Hamill LLC lessened its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 289,507 shares of the company’s stock after selling 3,686 shares during the period. Segall Bryant & Hamill LLC owned about 0.51% of Crane NXT worth $16,241,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. LRI Investments LLC bought a new position in Crane NXT in the 1st quarter valued at $38,000. nVerses Capital LLC bought a new position in shares of Crane NXT in the third quarter worth about $45,000. Hobbs Group Advisors LLC purchased a new position in Crane NXT in the 2nd quarter worth about $52,000. Blue Trust Inc. lifted its holdings in Crane NXT by 27.8% during the 2nd quarter. Blue Trust Inc. now owns 942 shares of the company’s stock valued at $58,000 after buying an additional 205 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Crane NXT by 16.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock worth $116,000 after acquiring an additional 265 shares in the last quarter. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CXT has been the subject of several research analyst reports. Baird R W raised shares of Crane NXT to a “strong-buy” rating in a research note on Thursday, October 17th. Northland Securities decreased their target price on Crane NXT from $96.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, October 7th. Robert W. Baird increased their price target 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, DA Davidson restated a “buy” rating and issued a $100.00 price objective on shares of Crane NXT in a report on Monday, September 30th.

Crane NXT Stock Performance

Shares of NYSE:CXT opened at $56.86 on Thursday. The firm has a 50 day moving average of $56.08 and a 200 day moving average of $58.37. The company has a quick ratio of 1.01, a current ratio of 1.38 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 18.64 and a beta of 1.33. Crane NXT, Co. has a 52 week low of $50.31 and a 52 week high of $64.80.

Crane NXT (NYSE:CXT) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. The firm had revenue of $403.50 million during the quarter, compared to analysts’ expectations of $392.44 million. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 EPS. On average, sell-side analysts predict that Crane NXT, Co. will post 4.26 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Friday, November 29th. Crane NXT’s dividend payout ratio is presently 20.98%.

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.