Quantinno Capital Management LP Sells 1,534 Shares of Crane NXT, Co. (NYSE:CXT)

Quantinno Capital Management LP reduced its position in shares of Crane NXT, Co. (NYSE:CXT) by 7.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 18,730 shares of the company’s stock after selling 1,534 shares during the period. Quantinno Capital Management LP’s holdings in Crane NXT were worth $1,051,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. LRI Investments LLC lifted its position in Crane NXT by 1,875.0% during the 2nd quarter. LRI Investments LLC now owns 632 shares of the company’s stock worth $39,000 after buying an additional 600 shares in the last quarter. nVerses Capital LLC bought a new stake in Crane NXT during the 3rd quarter worth about $45,000. Hobbs Group Advisors LLC bought a new stake in Crane NXT during the 2nd quarter worth about $52,000. Blue Trust Inc. lifted its position in Crane NXT by 27.8% during the 2nd quarter. Blue Trust Inc. now owns 942 shares of the company’s stock valued at $58,000 after purchasing an additional 205 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Crane NXT by 16.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock valued at $116,000 after purchasing an additional 265 shares during the last quarter. Institutional investors own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CXT. DA Davidson reissued a “buy” rating and set a $100.00 price target on shares of Crane NXT in a research note on Monday, September 30th. Northland Securities reduced their target price on Crane NXT from $96.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, October 7th. Robert W. Baird lifted their price target on shares of Crane NXT from $77.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Baird R W upgraded shares of Crane NXT to a “strong-buy” rating in a report on Thursday, October 17th.

Crane NXT Price Performance

Shares of CXT opened at $60.83 on Friday. The stock has a market capitalization of $3.48 billion, a P/E ratio of 19.94 and a beta of 1.34. Crane NXT, Co. has a twelve month low of $50.37 and a twelve month high of $64.80. The company has a 50 day moving average of $57.50 and a 200-day moving average of $58.46. The company has a quick ratio of 1.01, a current ratio of 1.38 and a debt-to-equity ratio of 0.60.

Crane NXT (NYSE:CXT) last released its earnings results on Wednesday, November 6th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.02. The business had revenue of $403.50 million for the quarter, compared to the consensus estimate of $392.44 million. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. Crane NXT’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. As a group, equities research analysts forecast that Crane NXT, Co. will post 4.26 EPS for the current fiscal year.

Crane NXT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.64 annualized dividend and a dividend yield of 1.05%. Crane NXT’s dividend payout ratio is presently 20.98%.

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.