Crane NXT, Co. (NYSE:CXT) Shares Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP increased its stake in shares of Crane NXT, Co. (NYSE:CXT) by 76.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 67,290 shares of the company’s stock after acquiring an additional 29,136 shares during the period. ExodusPoint Capital Management LP owned approximately 0.12% of Crane NXT worth $3,918,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CXT. Stifel Financial Corp grew its stake in shares of Crane NXT by 60.6% during the third quarter. Stifel Financial Corp now owns 43,627 shares of the company’s stock valued at $2,448,000 after acquiring an additional 16,465 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in Crane NXT during the 4th quarter valued at approximately $527,000. Barclays PLC increased its holdings in Crane NXT by 45.3% during the 3rd quarter. Barclays PLC now owns 37,663 shares of the company’s stock worth $2,113,000 after purchasing an additional 11,734 shares during the last quarter. Lord Abbett & CO. LLC raised its position in shares of Crane NXT by 12.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 396,152 shares of the company’s stock valued at $22,224,000 after purchasing an additional 43,439 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of 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. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Crane NXT Stock Performance

Crane NXT stock opened at $45.05 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88. Crane NXT, Co. has a 12 month low of $42.83 and a 12 month high of $67.01. The company has a fifty day moving average price of $56.66 and a two-hundred day moving average price of $57.83. The company has a market cap of $2.58 billion, a PE ratio of 14.12 and a beta of 1.21.

Crane NXT (NYSE:CXT) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.19 by $0.01. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. Research analysts expect that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were issued a $0.17 dividend. This is an increase from Crane NXT’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.51%. Crane NXT’s dividend payout ratio (DPR) is 21.32%.

Analysts Set New Price Targets

A number of analysts recently issued reports on CXT shares. Northland Securities lowered shares of Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price target for the company. in a research note on Tuesday, February 18th. Northland Capmk lowered shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.33.

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.