Connor Clark & Lunn Investment Management Ltd. Has $3.36 Million Holdings in Crane NXT, Co. (NYSE:CXT)

Connor Clark & Lunn Investment Management Ltd. grew its position in Crane NXT, Co. (NYSE:CXT) by 64.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 59,891 shares of the company’s stock after purchasing an additional 23,580 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Crane NXT were worth $3,360,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Crane NXT by 9.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,187 shares of the company’s stock worth $134,000 after purchasing an additional 195 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Crane NXT by 27.8% during the second quarter. Blue Trust Inc. now owns 942 shares of the company’s stock worth $58,000 after purchasing an additional 205 shares during the period. Atria Investments Inc raised its position 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 in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Crane NXT by 1.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 12,923 shares of the company’s stock valued at $725,000 after buying an additional 245 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its position in Crane NXT by 16.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock worth $116,000 after buying an additional 265 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. 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. DA Davidson reaffirmed a “buy” rating and set a $100.00 price objective on shares of Crane NXT in a research report on Monday, September 30th. Northland Securities decreased their target price on shares of Crane NXT from $96.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, October 7th. Finally, Baird R W upgraded shares of Crane NXT to a “strong-buy” rating in a research report on Thursday, October 17th.

Crane NXT Trading Up 3.2 %

Shares of CXT opened at $60.11 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.38. Crane NXT, Co. has a 52-week low of $50.31 and a 52-week high of $64.80. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 19.71 and a beta of 1.33. The business’s fifty day moving average is $56.13 and its 200-day moving average is $58.30.

Crane NXT (NYSE:CXT) last issued its earnings results on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.14 by $0.02. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The firm had revenue of $403.50 million during the quarter, compared to the consensus estimate of $392.44 million. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The business’s quarterly revenue was up 14.3% on a year-over-year basis. Equities analysts anticipate that Crane NXT, Co. will post 4.26 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, November 29th. Crane NXT’s payout ratio is 20.98%.

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.