Crane NXT, Co. (NYSE:CXT) Shares Bought by Amalgamated Bank

Amalgamated Bank raised its stake in shares of Crane NXT, Co. (NYSE:CXT) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,950 shares of the company’s stock after purchasing an additional 233 shares during the quarter. Amalgamated Bank’s holdings in Crane NXT were worth $1,336,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Crane NXT during the third quarter valued at $32,000. Fifth Third Bancorp grew its stake in Crane NXT by 98.6% during the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock valued at $32,000 after purchasing an additional 276 shares during the last quarter. Venturi Wealth Management LLC grew its stake in Crane NXT by 985.4% during the 4th quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company’s stock valued at $95,000 after purchasing an additional 1,488 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Crane NXT in the third quarter valued at about $181,000. Finally, Oak Thistle LLC purchased a new position in shares of Crane NXT in the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Northland Capmk lowered Crane NXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Robert W. Baird raised their target price on shares of Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Northland Securities downgraded shares of Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 target price for the company. in a research report on Tuesday, February 18th. Two 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 company’s stock. According to data from MarketBeat.com, Crane NXT presently has a consensus rating of “Moderate Buy” and an average price target of $83.33.

Crane NXT Trading Down 2.1 %

Crane NXT stock opened at $54.64 on Tuesday. The firm has a market cap of $3.13 billion, a PE ratio of 17.13 and a beta of 1.36. Crane NXT, Co. has a 12 month low of $52.89 and a 12 month high of $67.00. The stock’s 50 day simple moving average is $60.79 and its two-hundred day simple moving average is $58.64. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. Analysts anticipate that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Crane NXT’s previous quarterly dividend of $0.16. Crane NXT’s payout ratio is currently 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.