Wealthfront Advisers LLC Takes $2.59 Million Position in Crane NXT, Co. (NYSE:CXT)

Wealthfront Advisers LLC purchased a new stake in Crane NXT, Co. (NYSE:CXT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 44,408 shares of the company’s stock, valued at approximately $2,585,000. Wealthfront Advisers LLC owned approximately 0.08% of Crane NXT as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Atria Investments Inc lifted its position in shares of Crane NXT by 6.0% in the third quarter. Atria Investments Inc now owns 3,700 shares of the company’s stock worth $208,000 after buying an additional 208 shares during the last quarter. Amalgamated Bank raised its stake in shares of Crane NXT by 1.0% in the 4th quarter. Amalgamated Bank now owns 22,950 shares of the company’s stock valued at $1,336,000 after acquiring an additional 233 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Crane NXT by 1.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 12,923 shares of the company’s stock worth $725,000 after purchasing an additional 245 shares during the last quarter. Cetera Trust Company N.A lifted its holdings in Crane NXT by 7.0% in the 4th 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 during the last quarter. Finally, Fifth Third Bancorp boosted its position in Crane NXT by 98.6% during the fourth 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. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Trading Up 4.8 %

Shares of Crane NXT stock opened at $54.59 on Friday. Crane NXT, Co. has a 1 year low of $52.05 and a 1 year high of $67.00. The company’s fifty day simple moving average is $59.95 and its 200-day simple moving average is $58.36. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 17.11 and a beta of 1.32. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51.

Crane NXT (NYSE:CXT) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts expect that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a boost 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 1.25%. Crane NXT’s dividend payout ratio (DPR) is presently 21.32%.

Analyst Ratings Changes

A number of research analysts recently issued reports on CXT shares. 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 note on Tuesday, February 18th. Northland Capmk downgraded Crane NXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Two research 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.33.

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.