LSV Asset Management Sells 800 Shares of Crane NXT, Co. (NYSE:CXT)

LSV Asset Management reduced its position in Crane NXT, Co. (NYSE:CXT) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 195,776 shares of the company’s stock after selling 800 shares during the quarter. LSV Asset Management owned about 0.34% of Crane NXT worth $11,398,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Conestoga Capital Advisors LLC acquired a new stake in shares of Crane NXT during the 4th quarter worth approximately $31,517,000. Norges Bank acquired a new stake in shares of Crane NXT in the 4th quarter valued at $26,754,000. FMR LLC boosted its holdings in shares of Crane NXT by 4.1% in the 4th quarter. FMR LLC now owns 8,576,731 shares of the company’s stock valued at $499,337,000 after purchasing an additional 336,765 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Crane NXT by 185.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 180,409 shares of the company’s stock valued at $10,503,000 after purchasing an additional 117,207 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in shares of Crane NXT by 35.7% during the 4th quarter. Royce & Associates LP now owns 376,421 shares of the company’s stock worth $21,915,000 after buying an additional 98,936 shares in the last quarter. 77.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Northland Securities cut 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. Northland Capmk downgraded shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a research note 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.33.

Crane NXT Trading Up 0.6 %

NYSE CXT opened at $45.27 on Friday. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 14.19 and a beta of 1.21. Crane NXT, Co. has a twelve month low of $41.54 and a twelve month high of $67.01. 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 business’s fifty day moving average is $54.00 and its 200 day moving average is $57.17.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates 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, sell-side analysts expect that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were given a $0.17 dividend. This is a boost from Crane NXT’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, February 28th. Crane NXT’s dividend payout ratio is 21.32%.

Crane NXT Company 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.