Clearbridge Investments LLC Purchases 1,476 Shares of Crane NXT, Co. (NYSE:CXT)

Clearbridge Investments LLC boosted its stake in Crane NXT, Co. (NYSE:CXTFree Report) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,476 shares of the company’s stock after buying an additional 1,476 shares during the quarter. Clearbridge Investments LLC owned approximately 0.34% of Crane NXT worth $11,117,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Commonwealth Equity Services LLC acquired a new position in Crane NXT in the third quarter worth $360,000. Cambridge Investment Research Advisors Inc. acquired a new position in Crane NXT in the third quarter worth $223,000. Teacher Retirement System of Texas acquired a new position in Crane NXT in the third quarter worth $611,000. Simplex Trading LLC acquired a new position in Crane NXT in the third quarter worth $85,000. Finally, M&T Bank Corp acquired a new position in shares of Crane NXT during the third quarter valued at $533,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CXT shares. DA Davidson upped their price target on 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 started coverage on Crane NXT in a research note on Monday, April 8th. They set an “outperform” rating and a $91.00 price target on the stock.

View Our Latest Report on Crane NXT

Crane NXT Trading Up 1.0 %

NYSE CXT traded up $0.62 on Friday, reaching $61.58. The company had a trading volume of 123,161 shares, compared to its average volume of 243,335. The stock’s 50 day moving average is $61.03 and its 200-day moving average is $57.87. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 19.43 and a beta of 1.36. The company has a quick ratio of 1.56, a current ratio of 2.12 and a debt-to-equity ratio of 0.66. Crane NXT, Co. has a 52 week low of $48.42 and a 52 week high of $63.89.

Crane NXT (NYSE:CXTGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $313.60 million during the quarter, compared to the consensus estimate of $311.72 million. Crane NXT had a net margin of 13.26% and a return on equity of 25.50%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 EPS. Equities analysts predict that Crane NXT, Co. will post 4.3 earnings per share for the current year.

Crane NXT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Friday, May 31st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.64 annualized dividend and a dividend yield of 1.04%. Crane NXT’s dividend payout ratio (DPR) is currently 20.19%.

About Crane NXT

(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.

Recommended Stories

Want to see what other hedge funds are holding CXT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crane NXT, Co. (NYSE:CXTFree Report).

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

Receive News & Ratings for Crane NXT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crane NXT and related companies with MarketBeat.com's FREE daily email newsletter.