Crane NXT, Co. (NYSE:CXT) Shares Purchased by Congress Asset Management Co.

Congress Asset Management Co. raised its stake in shares of Crane NXT, Co. (NYSE:CXT) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 752,734 shares of the company’s stock after buying an additional 9,921 shares during the quarter. Congress Asset Management Co.’s holdings in Crane NXT were worth $43,824,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CXT. Conestoga Capital Advisors LLC acquired a new stake in Crane NXT during the 4th quarter valued at $31,517,000. Potrero Capital Research LLC acquired a new stake in Crane NXT during the 3rd quarter valued at $5,734,000. ArrowMark Colorado Holdings LLC acquired a new stake in Crane NXT during the 3rd quarter valued at $5,712,000. Geode Capital Management LLC grew its holdings in Crane NXT by 6.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,000,796 shares of the company’s stock valued at $56,157,000 after buying an additional 60,468 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in Crane NXT by 437.3% during the 3rd quarter. Jane Street Group LLC now owns 67,092 shares of the company’s stock valued at $3,764,000 after buying an additional 54,606 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Trading Up 3.4 %

Shares of Crane NXT stock opened at $59.78 on Monday. Crane NXT, Co. has a fifty-two week low of $52.89 and a fifty-two week high of $67.00. The firm has a market cap of $3.42 billion, a PE ratio of 19.60 and a beta of 1.36. The business’s fifty day moving average is $61.13 and its two-hundred day moving average is $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 (NYSE:CXT) last issued its quarterly earnings results 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 return on equity of 23.46% and a net margin of 12.18%. Analysts anticipate that Crane NXT, Co. will post 4.26 earnings per share for the current year.

Crane NXT Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Friday, February 28th will be given a $0.17 dividend. This is a positive change from Crane NXT’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Friday, February 28th. Crane NXT’s dividend payout ratio (DPR) is 20.98%.

Analyst Ratings Changes

Separately, Robert W. Baird increased their price target on Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

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.