7,940 Shares in Crane NXT, Co. (NYSE:CXT) Bought by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC bought a new position in Crane NXT, Co. (NYSE:CXT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,940 shares of the company’s stock, valued at approximately $473,000.

A number of other large investors have also recently added to or reduced their stakes in CXT. Pacer Advisors Inc. boosted its position in shares of Crane NXT by 93.4% during the second quarter. Pacer Advisors Inc. now owns 1,135,065 shares of the company’s stock worth $69,716,000 after buying an additional 548,155 shares during the period. Hsbc Holdings PLC lifted its stake in Crane NXT by 97.0% in the 2nd quarter. Hsbc Holdings PLC now owns 247,842 shares of the company’s stock valued at $15,222,000 after acquiring an additional 122,056 shares in the last quarter. Congress Asset Management Co. boosted its position in Crane NXT by 18.3% during the 3rd quarter. Congress Asset Management Co. now owns 742,813 shares of the company’s stock worth $41,672,000 after acquiring an additional 114,707 shares during the last quarter. Potrero Capital Research LLC acquired a new position in Crane NXT during the 3rd quarter worth approximately $5,734,000. Finally, ArrowMark Colorado Holdings LLC acquired a new stake in shares of Crane NXT in the third quarter valued at approximately $5,712,000. Institutional investors own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. DA Davidson restated a “buy” rating and set a $100.00 target price on shares of Crane NXT in a report on Monday, September 30th. Robert W. Baird increased their price objective on shares of Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Baird R W raised Crane NXT to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Northland Securities reduced their price target 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.

Crane NXT Stock Performance

Shares of CXT opened at $62.31 on Tuesday. The company has a market cap of $3.56 billion, a PE ratio of 20.43 and a beta of 1.35. The firm has a 50-day moving average of $59.17 and a 200-day moving average of $58.00. Crane NXT, Co. has a one year low of $52.89 and a one year high of $64.80. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 1.01.

Crane NXT (NYSE:CXT) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. The business 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%. Crane NXT’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company posted $1.09 earnings per share. As a group, equities analysts forecast that Crane NXT, Co. will post 4.26 earnings per share for the current year.

Crane NXT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Friday, November 29th. Crane NXT’s dividend payout ratio (DPR) is presently 20.98%.

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.