3,968 Shares in Crane NXT, Co. (NYSE:CXT) Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. bought a new stake in shares of Crane NXT, Co. (NYSE:CXT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,968 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CXT. CWM LLC purchased a new position in shares of Crane NXT in the 3rd quarter valued at $28,000. Acadian Asset Management LLC purchased a new position in Crane NXT during the 3rd quarter worth $28,000. Ronald Blue Trust Inc. purchased a new position in Crane NXT during the 3rd quarter worth $30,000. Qube Research & Technologies Ltd purchased a new position in Crane NXT during the 3rd quarter worth $34,000. Finally, New England Capital Financial Advisors LLC purchased a new position in Crane NXT during the 3rd quarter worth $36,000. 77.49% of the stock is owned by institutional investors.

Crane NXT Stock Performance

Shares of CXT stock opened at $61.44 on Thursday. The stock has a market cap of $3.51 billion, a PE ratio of 18.79 and a beta of 1.37. The business has a 50-day simple moving average of $60.03 and a 200-day simple moving average of $56.30. The company has a quick ratio of 1.46, a current ratio of 1.93 and a debt-to-equity ratio of 0.66. Crane NXT, Co. has a 52-week low of $46.14 and a 52-week high of $63.36.

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

Crane NXT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Thursday, February 29th were issued a $0.16 dividend. This is a boost from Crane NXT’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 1.04%. Crane NXT’s dividend payout ratio is presently 19.57%.

Analyst Ratings Changes

Several analysts have weighed in on CXT shares. DA Davidson boosted 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.

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.