15,260 Shares in Crane NXT, Co. (NYSE:CXT) Purchased by Secured Retirement Advisors LLC

Secured Retirement Advisors LLC purchased a new stake in shares of Crane NXT, Co. (NYSE:CXT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,260 shares of the company’s stock, valued at approximately $888,000.

A number of other large investors also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of Crane NXT during the 3rd quarter valued at approximately $32,000. 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 in the last quarter. nVerses Capital LLC acquired a new position in shares of Crane NXT in the third quarter worth about $45,000. Quest Partners LLC purchased a new stake in shares of Crane NXT during the 3rd quarter worth about $181,000. Finally, Oak Thistle LLC purchased a new stake in shares of Crane NXT during the 4th quarter worth about $203,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Crane NXT Stock Performance

NYSE:CXT opened at $59.78 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.38. The stock has a market capitalization of $3.42 billion, a PE ratio of 19.60 and a beta of 1.36. Crane NXT, Co. has a fifty-two week low of $52.89 and a fifty-two week high of $67.00. The company has a fifty day moving average of $61.13 and a two-hundred day moving average of $58.60.

Crane NXT (NYSE:CXT) last released its quarterly earnings results 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 net margin of 12.18% and a return on equity of 23.46%. As a group, research analysts forecast that Crane NXT, Co. will post 4.26 earnings per share for the current fiscal year.

Crane NXT Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be given a $0.17 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.14%. This is a boost from Crane NXT’s previous quarterly dividend of $0.16. Crane NXT’s dividend payout ratio is presently 21.32%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird upped their price target on Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, November 8th.

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.