Boston Partners Acquires 10,216 Shares of Crane NXT, Co. (NYSE:CXT)

Boston Partners boosted its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 84.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,313 shares of the company’s stock after purchasing an additional 10,216 shares during the quarter. Boston Partners’ holdings in Crane NXT were worth $1,299,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Atria Investments Inc raised its position in shares of Crane NXT by 6.0% during 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 last quarter. Quest Partners LLC purchased a new position in Crane NXT during the third quarter valued at $181,000. PNC Financial Services Group Inc. lifted its stake in Crane NXT by 9.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 16,910 shares of the company’s stock worth $949,000 after purchasing an additional 1,473 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Crane NXT by 64.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 59,891 shares of the company’s stock worth $3,360,000 after purchasing an additional 23,580 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Crane NXT by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 444,863 shares of the company’s stock valued at $24,957,000 after purchasing an additional 12,026 shares during the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Trading Down 1.1 %

Shares of NYSE CXT opened at $52.94 on Friday. Crane NXT, Co. has a 1-year low of $52.02 and a 1-year high of $67.01. 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 business’s 50 day moving average is $59.29 and its two-hundred day moving average is $58.24. The stock has a market capitalization of $3.03 billion, a P/E ratio of 16.59 and a beta of 1.32.

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

Crane NXT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, February 28th. This is a positive change from Crane NXT’s previous quarterly dividend of $0.16. Crane NXT’s dividend payout ratio (DPR) is 21.32%.

Analyst Ratings Changes

A number of equities research analysts recently commented on CXT shares. Northland Capmk downgraded Crane NXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Northland Securities cut Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price objective on the stock. in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.33.

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.