Crane NXT, Co. (NYSE:CXT) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE cut its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,429 shares of the company’s stock after selling 7,261 shares during the period. Congress Wealth Management LLC DE’s holdings in Crane NXT were worth $6,313,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Quest Partners LLC acquired a new stake in Crane NXT in the 3rd quarter worth approximately $181,000. PNC Financial Services Group Inc. raised its holdings in shares of Crane NXT by 9.5% in the third quarter. PNC Financial Services Group Inc. now owns 16,910 shares of the company’s stock worth $949,000 after buying an additional 1,473 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Crane NXT by 2.8% during the third 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 period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Crane NXT during the third quarter valued at $407,000. Finally, D.A. Davidson & CO. increased its position in shares of Crane NXT by 20.7% in the 3rd quarter. D.A. Davidson & CO. now owns 156,739 shares of the company’s stock valued at $8,793,000 after acquiring an additional 26,841 shares during the period. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Analyst Ratings Changes

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

Crane NXT Stock Down 1.6 %

CXT opened at $52.98 on Wednesday. The company has a market cap of $3.03 billion, a PE ratio of 16.61 and a beta of 1.32. Crane NXT, Co. has a twelve month low of $52.02 and a twelve month high of $67.01. The company has a 50-day moving average price of $58.91 and a 200 day moving average price of $58.21. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51.

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

Crane NXT Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were issued a dividend of $0.17 per share. This is a positive change from Crane NXT’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, February 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.28%. Crane NXT’s dividend payout ratio is presently 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.