CreativeOne Wealth LLC Buys 787 Shares of Crane NXT, Co. (NYSE:CXT)

CreativeOne Wealth LLC increased its stake in shares of Crane NXT, Co. (NYSE:CXT) by 9.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,798 shares of the company’s stock after buying an additional 787 shares during the period. CreativeOne Wealth LLC’s holdings in Crane NXT were worth $512,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CXT. Barclays PLC boosted its position in shares of Crane NXT by 45.3% in the third quarter. Barclays PLC now owns 37,663 shares of the company’s stock valued at $2,113,000 after acquiring an additional 11,734 shares during the period. Geode Capital Management LLC boosted its holdings in Crane NXT by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,000,796 shares of the company’s stock valued at $56,157,000 after purchasing an additional 60,468 shares during the period. Virtu Financial LLC purchased a new position in shares of Crane NXT during the 3rd quarter valued at $377,000. Wilmington Savings Fund Society FSB bought a new position in shares of Crane NXT in the third quarter worth $32,000. Finally, Lord Abbett & CO. LLC raised its position in shares of Crane NXT by 12.3% in the third quarter. Lord Abbett & CO. LLC now owns 396,152 shares of the company’s stock worth $22,224,000 after buying an additional 43,439 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Crane NXT Price Performance

Shares of Crane NXT stock opened at $44.65 on Friday. The business’s 50-day moving average price is $52.24 and its 200-day moving average price is $56.78. The firm has a market capitalization of $2.56 billion, a PE ratio of 14.00 and a beta of 1.21. Crane NXT, Co. has a 12 month low of $41.54 and a 12 month high of $67.01. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 earnings per share 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%. Sell-side analysts forecast that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were issued a $0.17 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.52%. This is an increase from Crane NXT’s previous quarterly dividend of $0.16. Crane NXT’s payout ratio is currently 21.32%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CXT. Northland Capmk lowered Crane NXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Northland Securities lowered shares of Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 target price for the company. in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $83.33.

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.