Capital World Investors Takes Position in Crane NXT, Co. (NYSE:CXT)

Capital World Investors acquired a new position in Crane NXT, Co. (NYSE:CXT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 184,114 shares of the company’s stock, valued at approximately $10,719,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in shares of Crane NXT by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,229,469 shares of the company’s stock valued at $71,579,000 after buying an additional 136,810 shares during the period. First Trust Advisors LP increased its position in Crane NXT by 52.4% during the 4th quarter. First Trust Advisors LP now owns 373,637 shares of the company’s stock valued at $21,753,000 after purchasing an additional 128,512 shares during the period. Capital International Investors lifted its position in shares of Crane NXT by 79.3% in the 4th quarter. Capital International Investors now owns 1,351,044 shares of the company’s stock worth $78,658,000 after purchasing an additional 597,537 shares during the period. Marshall Wace LLP boosted its stake in shares of Crane NXT by 479.6% in the 4th quarter. Marshall Wace LLP now owns 22,603 shares of the company’s stock valued at $1,316,000 after purchasing an additional 18,703 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Crane NXT during the fourth quarter worth $2,410,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CXT has been the topic of several recent analyst reports. 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 lowered Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 target price on the stock. in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $83.33.

Crane NXT Stock Down 2.8 %

Crane NXT stock opened at $43.41 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $2.49 billion, a PE ratio of 13.61 and a beta of 1.21. The firm’s fifty day moving average is $51.93 and its 200 day moving average is $56.71. Crane NXT, Co. has a 12-month low of $41.54 and a 12-month high of $67.01.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. As a group, sell-side analysts predict that Crane NXT, Co. will post 4.16 EPS for the current fiscal 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 given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.57%. This is a positive change from Crane NXT’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, February 28th. Crane NXT’s dividend payout ratio is presently 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.