Anchor Capital Advisors LLC Acquires 4,884 Shares of Crane NXT, Co. (NYSE:CXT)

Anchor Capital Advisors LLC raised its holdings in Crane NXT, Co. (NYSE:CXT) by 22.7% in the 4th quarter, HoldingsChannel reports. The fund owned 26,406 shares of the company’s stock after acquiring an additional 4,884 shares during the period. Anchor Capital Advisors LLC’s holdings in Crane NXT were worth $1,537,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Atria Investments Inc increased its stake in shares of Crane NXT by 6.0% in the third quarter. Atria Investments Inc now owns 3,700 shares of the company’s stock valued at $208,000 after buying an additional 208 shares during the period. Amalgamated Bank boosted its holdings in Crane NXT by 1.0% in the fourth quarter. Amalgamated Bank now owns 22,950 shares of the company’s stock valued at $1,336,000 after acquiring an additional 233 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Crane NXT by 1.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 12,923 shares of the company’s stock valued at $725,000 after purchasing an additional 245 shares during the period. Cetera Trust Company N.A raised its holdings in Crane NXT by 7.0% during the 4th quarter. Cetera Trust Company N.A now owns 4,198 shares of the company’s stock worth $244,000 after purchasing an additional 275 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Crane NXT by 98.6% in the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock worth $32,000 after purchasing an additional 276 shares during the period. Institutional investors own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CXT. Northland Capmk lowered shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a report 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 on the stock. in a research note on Tuesday, February 18th. Finally, Robert W. Baird upped their target price on Crane NXT from $77.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $83.33.

Crane NXT Price Performance

CXT stock opened at $55.73 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88. The company’s 50-day moving average is $60.84 and its 200-day moving average is $58.63. The stock has a market capitalization of $3.19 billion, a PE ratio of 17.47 and a beta of 1.36. Crane NXT, Co. has a 1 year low of $52.89 and a 1 year high of $67.00.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts expect that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Friday, February 28th. This is a positive change from Crane NXT’s previous quarterly dividend of $0.16. Crane NXT’s payout ratio is 21.32%.

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.