Crane NXT, Co. (NYSE:CXT) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lifted its stake in shares of Crane NXT, Co. (NYSE:CXT) by 2.0% during the fourth quarter, Holdings Channel reports. The fund owned 384,487 shares of the company’s stock after acquiring an additional 7,399 shares during the period. Loomis Sayles & Co. L P’s holdings in Crane NXT were worth $22,385,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Amalgamated Bank lifted its stake in Crane NXT by 1.0% in the fourth quarter. Amalgamated Bank now owns 22,950 shares of the company’s stock worth $1,336,000 after acquiring an additional 233 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of Crane NXT by 1.2% during the 4th quarter. Corient Private Wealth LLC now owns 21,139 shares of the company’s stock worth $1,231,000 after purchasing an additional 254 shares during the last quarter. Cetera Trust Company N.A grew its stake in shares of Crane NXT by 7.0% during the fourth quarter. Cetera Trust Company N.A now owns 4,198 shares of the company’s stock worth $244,000 after purchasing an additional 275 shares in the last quarter. Fifth Third Bancorp increased its holdings in Crane NXT by 98.6% in the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock valued at $32,000 after buying an additional 276 shares during the last quarter. Finally, Xponance Inc. raised its stake in Crane NXT by 6.2% in the fourth quarter. Xponance Inc. now owns 5,587 shares of the company’s stock valued at $325,000 after buying an additional 328 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CXT has been the topic of a number of recent analyst reports. Northland Securities downgraded Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price objective on the stock. in a report on Tuesday, February 18th. Northland Capmk cut shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Two investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.33.

Crane NXT Stock Down 2.5 %

Shares of NYSE CXT opened at $51.32 on Friday. The stock has a market cap of $2.94 billion, a PE ratio of 16.09 and a beta of 1.32. Crane NXT, Co. has a 52-week low of $50.87 and a 52-week high of $67.01. The business has a 50-day moving average price of $58.21 and a 200 day moving average price of $58.10. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. Equities research analysts forecast that Crane NXT, Co. will post 4.16 earnings per share for the current 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 paid a dividend of $0.17 per share. This is an increase from Crane NXT’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, February 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.33%. Crane NXT’s dividend payout ratio is 21.32%.

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.