Corient Private Wealth LLC Acquires 254 Shares of Crane NXT, Co. (NYSE:CXT)

Corient Private Wealth LLC lifted its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,139 shares of the company’s stock after purchasing an additional 254 shares during the quarter. Corient Private Wealth LLC’s holdings in Crane NXT were worth $1,231,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CXT. Quest Partners LLC acquired a new position in Crane NXT in the third quarter valued at about $181,000. PNC Financial Services Group Inc. raised its position in shares of Crane NXT by 9.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 16,910 shares of the company’s stock valued at $949,000 after buying an additional 1,473 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Crane NXT by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 444,863 shares of the company’s stock worth $24,957,000 after acquiring an additional 12,026 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Crane NXT during the 3rd quarter worth approximately $407,000. Finally, D.A. Davidson & CO. boosted its position in shares of Crane NXT by 20.7% during the 3rd quarter. D.A. Davidson & CO. now owns 156,739 shares of the company’s stock worth $8,793,000 after acquiring an additional 26,841 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Price Performance

Shares of NYSE:CXT opened at $52.31 on Thursday. The firm has a 50 day simple moving average of $58.67 and a 200 day simple moving average of $58.17. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 16.40 and a beta of 1.32. Crane NXT, Co. has a one year low of $52.02 and a one year high of $67.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.01. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. Research analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, February 28th. This is a positive change from Crane NXT’s previous quarterly dividend of $0.16. Crane NXT’s dividend payout ratio (DPR) is 21.32%.

Wall Street Analyst Weigh In

CXT has been the subject of several recent analyst reports. Northland Capmk cut Crane NXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Northland Securities downgraded Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price objective for the company. in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.33.

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.