Anchor Capital Advisors LLC Purchases 4,884 Shares of Crane NXT, Co. (NYSE:CXT)

Anchor Capital Advisors LLC boosted its position in Crane NXT, Co. (NYSE:CXT) by 22.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,406 shares of the company’s stock after purchasing an additional 4,884 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Crane NXT were worth $1,537,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Crane NXT by 25.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,469 shares of the company’s stock valued at $251,000 after acquiring an additional 908 shares during the period. Radnor Capital Management LLC bought a new stake in Crane NXT in the 3rd quarter valued at about $948,000. Atria Investments Inc grew its position in shares of Crane NXT by 6.0% during the 3rd quarter. Atria Investments Inc now owns 3,700 shares of the company’s stock worth $208,000 after purchasing an additional 208 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Crane NXT by 9.8% during the third quarter. State of New Jersey Common Pension Fund D now owns 34,035 shares of the company’s stock worth $1,909,000 after purchasing an additional 3,034 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of Crane NXT by 2.8% in the third quarter. Victory Capital Management Inc. now owns 1,218,761 shares of the company’s stock valued at $68,372,000 after buying an additional 33,664 shares in the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CXT shares. Northland Securities downgraded Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price target on the stock. in a research report on Tuesday, February 18th. Robert W. Baird increased their target price on Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Northland Capmk downgraded Crane NXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $83.33.

Crane NXT Stock Down 0.5 %

Shares of CXT opened at $55.73 on Friday. The firm has a 50 day simple moving average of $60.84 and a two-hundred day simple moving average of $58.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88. Crane NXT, Co. has a one year low of $52.89 and a one year high of $67.00. The company has a market cap of $3.19 billion, a P/E ratio of 17.47 and a beta of 1.36.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. Research analysts forecast that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be paid a $0.17 dividend. This is an increase from Crane NXT’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, February 28th. Crane NXT’s dividend payout ratio (DPR) 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.