Level Four Advisory Services LLC Has $1.68 Million Stock Holdings in Crane NXT, Co. $CXT

Level Four Advisory Services LLC lifted its stake in shares of Crane NXT, Co. (NYSE:CXT) by 16.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,187 shares of the company’s stock after acquiring an additional 4,467 shares during the quarter. Level Four Advisory Services LLC’s holdings in Crane NXT were worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System raised its holdings in Crane NXT by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 50,304 shares of the company’s stock worth $2,711,000 after purchasing an additional 190 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Crane NXT by 547.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 6,555 shares of the company’s stock valued at $353,000 after purchasing an additional 5,542 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Crane NXT by 21.3% during the second quarter. Russell Investments Group Ltd. now owns 227,934 shares of the company’s stock worth $12,286,000 after buying an additional 40,087 shares during the period. Boston Partners raised its stake in Crane NXT by 183.7% during the second quarter. Boston Partners now owns 79,601 shares of the company’s stock worth $4,290,000 after buying an additional 51,539 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in Crane NXT by 24.0% during the second quarter. Prudential Financial Inc. now owns 5,514 shares of the company’s stock worth $297,000 after buying an additional 1,069 shares during the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Oppenheimer upped their price target on shares of Crane NXT from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Crane NXT in a research note on Wednesday, October 8th. Finally, DA Davidson restated a “buy” rating and set a $85.00 target price on shares of Crane NXT in a research report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $74.25.

Crane NXT Trading Up 0.1%

NYSE:CXT opened at $56.30 on Friday. Crane NXT, Co. has a 12 month low of $41.54 and a 12 month high of $69.00. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 21.49 and a beta of 1.37. The firm has a fifty day simple moving average of $62.93 and a two-hundred day simple moving average of $59.29.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Wednesday, June 1st. The company reported $1.81 earnings per share (EPS) for the quarter. The company had revenue of $871.50 million for the quarter. Crane NXT had a net margin of 9.84% and a return on equity of 20.22%. Analysts expect that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 28th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 28th. Crane NXT’s dividend payout ratio (DPR) is 25.37%.

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.