Level Four Advisory Services LLC Purchases 9,700 Shares of Crane NXT, Co. (NYSE:CXT)

Level Four Advisory Services LLC boosted its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 62.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,208 shares of the company’s stock after purchasing an additional 9,700 shares during the period. Level Four Advisory Services LLC’s holdings in Crane NXT were worth $1,468,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CXT. Charles Schwab Investment Management Inc. lifted its position in shares of Crane NXT by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 444,863 shares of the company’s stock worth $24,957,000 after buying an additional 12,026 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Crane NXT in the third quarter worth about $407,000. Quantbot Technologies LP lifted its holdings in shares of Crane NXT by 296.9% in the third quarter. Quantbot Technologies LP now owns 24,065 shares of the company’s stock worth $1,350,000 after acquiring an additional 18,002 shares during the last quarter. Townsquare Capital LLC boosted its stake in shares of Crane NXT by 9.8% in the 3rd quarter. Townsquare Capital LLC now owns 33,014 shares of the company’s stock valued at $1,852,000 after purchasing an additional 2,952 shares in the last quarter. Finally, CreativeOne Wealth LLC grew its holdings in shares of Crane NXT by 6.2% during the 3rd quarter. CreativeOne Wealth LLC now owns 8,011 shares of the company’s stock valued at $449,000 after purchasing an additional 469 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Trading Down 2.5 %

Shares of NYSE CXT opened at $51.32 on Friday. The firm has a 50 day moving average price of $58.21 and a two-hundred day moving average price of $58.12. The stock has a market cap of $2.94 billion, a P/E ratio of 16.09 and a beta of 1.32. Crane NXT, Co. has a 52-week low of $50.87 and a 52-week high of $67.01. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14.

Crane NXT (NYSE:CXT) last announced its 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 return on equity of 24.08% and a net margin of 12.38%. As a group, equities analysts forecast that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were issued a $0.17 dividend. The ex-dividend date was Friday, February 28th. 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 1.33%. Crane NXT’s dividend payout ratio is presently 21.32%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Northland Capmk lowered shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Northland Securities downgraded Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price objective on the stock. in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.33.

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.