Cetera Trust Company N.A Purchases 275 Shares of Crane NXT, Co. (NYSE:CXT)

Cetera Trust Company N.A boosted its position in Crane NXT, Co. (NYSE:CXT) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,198 shares of the company’s stock after acquiring an additional 275 shares during the period. Cetera Trust Company N.A’s holdings in Crane NXT were worth $244,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CXT. Radnor Capital Management LLC grew its holdings in shares of Crane NXT by 3.5% during the fourth quarter. Radnor Capital Management LLC now owns 17,490 shares of the company’s stock valued at $1,018,000 after buying an additional 595 shares during the last quarter. Park Avenue Securities LLC bought a new stake in Crane NXT during the 4th quarter worth approximately $527,000. Oak Thistle LLC bought a new stake in Crane NXT during the 4th quarter worth approximately $203,000. Harbour Capital Advisors LLC purchased a new stake in shares of Crane NXT in the fourth quarter worth approximately $473,000. Finally, Lord Abbett & CO. LLC boosted its position in shares of Crane NXT by 12.3% during the third quarter. Lord Abbett & CO. LLC now owns 396,152 shares of the company’s stock valued at $22,224,000 after buying an additional 43,439 shares during the last quarter. Institutional investors own 77.49% of the company’s stock.

Crane NXT Trading Up 0.3 %

NYSE CXT opened at $66.76 on Wednesday. The business’s fifty day moving average is $60.13 and its 200-day moving average is $58.21. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 1.01. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 21.89 and a beta of 1.35. Crane NXT, Co. has a one year low of $52.89 and a one year high of $67.00.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data 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 net margin of 12.18% and a return on equity of 23.46%. The business had revenue of $403.50 million for the quarter, compared to analyst estimates of $392.44 million. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities research analysts predict that Crane NXT, Co. will post 4.26 EPS for the current year.

Crane NXT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Friday, November 29th. Crane NXT’s dividend payout ratio is currently 20.98%.

Analyst Upgrades and Downgrades

CXT has been the subject of a number of analyst reports. Northland Securities lowered their price target on Crane NXT from $96.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, October 7th. DA Davidson reissued a “buy” rating and set a $100.00 price target on shares of Crane NXT in a research report on Monday, September 30th. Robert W. Baird upped their price objective on shares of Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Baird R W raised shares of Crane NXT to a “strong-buy” rating in a research report on Thursday, October 17th.

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.