D.A. Davidson & CO. Sells 11,468 Shares of Crane NXT, Co. (NYSE:CXT)

D.A. Davidson & CO. decreased its position in Crane NXT, Co. (NYSE:CXT) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,271 shares of the company’s stock after selling 11,468 shares during the period. D.A. Davidson & CO. owned 0.25% of Crane NXT worth $8,458,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in Crane NXT in the 3rd quarter valued at about $32,000. Fifth Third Bancorp increased its stake in Crane NXT by 98.6% in the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock valued at $32,000 after buying an additional 276 shares during the last quarter. nVerses Capital LLC purchased a new stake in Crane NXT in the 3rd quarter valued at about $45,000. Quest Partners LLC purchased a new stake in Crane NXT in the 3rd quarter valued at about $181,000. Finally, Oak Thistle LLC purchased a new stake in Crane NXT in the 4th quarter valued at about $203,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Northland Securities lowered shares of Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price objective for the company. in a research note on Tuesday. Robert W. Baird raised their price target on shares of Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

Crane NXT Trading Down 0.9 %

Shares of CXT stock opened at $59.25 on Wednesday. The company has a 50 day moving average of $61.05 and a 200-day moving average of $58.57. The company has a quick ratio of 1.01, a current ratio of 1.38 and a debt-to-equity ratio of 0.60. Crane NXT, Co. has a 12-month low of $52.89 and a 12-month high of $67.00. The firm has a market cap of $3.39 billion, a P/E ratio of 19.43 and a beta of 1.36.

Crane NXT (NYSE:CXT) last issued 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 net margin of 12.18% and a return on equity of 23.46%. Sell-side analysts anticipate that Crane NXT, Co. will post 4.26 earnings per share for the current year.

Crane NXT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.15%. This is a positive change from Crane NXT’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, February 28th. Crane NXT’s payout ratio is currently 20.98%.

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.