Cascade Financial Partners LLC Takes $202,000 Position in Crane NXT, Co. (NYSE:CXT)

Cascade Financial Partners LLC purchased a new position in shares of Crane NXT, Co. (NYSE:CXT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,470 shares of the company’s stock, valued at approximately $202,000.

Several other large investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in Crane NXT by 98.6% during the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock worth $32,000 after purchasing an additional 276 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Crane NXT in the third quarter valued at approximately $32,000. Venturi Wealth Management LLC boosted its stake in shares of Crane NXT by 985.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company’s stock valued at $95,000 after buying an additional 1,488 shares in the last quarter. Quest Partners LLC acquired a new position in Crane NXT during the third quarter worth $181,000. Finally, Oak Thistle LLC purchased a new position in Crane NXT in the fourth quarter worth $203,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CXT shares. Northland Capmk cut shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Northland Securities lowered shares of 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. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Crane NXT has an average rating of “Moderate Buy” and a consensus target price of $83.33.

Crane NXT Stock Down 0.6 %

Crane NXT stock opened at $52.96 on Thursday. 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 capitalization of $3.03 billion, a price-to-earnings ratio of 16.60 and a beta of 1.32. The stock’s fifty day moving average is $60.18 and its two-hundred day moving average is $58.43. 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 posted its earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share 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%. Analysts predict that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were given a dividend of $0.17 per share. This is an increase from Crane NXT’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, February 28th. Crane NXT’s payout ratio is currently 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.