Crane NXT, Co. (NYSE:CXT) Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC boosted its stake in shares of Crane NXT, Co. (NYSE:CXT) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,623 shares of the company’s stock after buying an additional 489 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Crane NXT were worth $1,201,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Crane NXT in the third quarter valued at approximately $32,000. Fifth Third Bancorp raised its holdings in shares of Crane NXT by 98.6% in the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock valued at $32,000 after buying an additional 276 shares during the last quarter. nVerses Capital LLC acquired a new stake in Crane NXT in the third quarter worth about $45,000. GAMMA Investing LLC increased its position in Crane NXT by 17.4% in the third quarter. GAMMA Investing LLC now owns 2,567 shares of the company’s stock worth $144,000 after purchasing an additional 380 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of Crane NXT during the 3rd quarter worth about $181,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analysts Set New Price Targets

CXT has been the subject of several analyst reports. Baird R W upgraded Crane NXT to a “strong-buy” rating in a research report on Thursday, October 17th. DA Davidson reiterated a “buy” rating and issued a $100.00 price objective on shares of Crane NXT in a research report on Monday, September 30th. Robert W. Baird boosted their price objective on Crane NXT from $77.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Northland Securities decreased their price objective 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 Trading Down 2.4 %

NYSE CXT opened at $63.74 on Friday. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 20.90 and a beta of 1.35. The stock’s 50 day moving average price is $60.69 and its two-hundred day moving average price is $58.38. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.38. Crane NXT, Co. has a 52 week low of $52.89 and a 52 week high of $67.00.

Crane NXT (NYSE:CXT) last released its earnings results on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.14 by $0.02. The firm had revenue of $403.50 million for 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%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS. As a group, analysts anticipate that Crane NXT, Co. will post 4.26 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, November 29th. Crane NXT’s dividend payout ratio is currently 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.