Crane NXT, Co. (NYSE:CXT) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP reduced its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 7.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. LRI Investments LLC increased its holdings in shares of Crane NXT by 1,875.0% in the 2nd quarter. LRI Investments LLC now owns 632 shares of the company’s stock valued at $39,000 after purchasing an additional 600 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Crane NXT in the third quarter valued at about $45,000. Hobbs Group Advisors LLC purchased a new stake in Crane NXT in the 2nd quarter valued at approximately $52,000. Blue Trust Inc. boosted its stake in shares of Crane NXT by 27.8% during the second quarter. Blue Trust Inc. now owns 942 shares of the company’s stock valued at $58,000 after acquiring an additional 205 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Crane NXT by 16.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock worth $116,000 after purchasing an additional 265 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Stock Performance

Crane NXT stock opened at $60.83 on Friday. The company has a fifty day moving average price of $57.50 and a two-hundred day moving average price of $58.46. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 1.01. Crane NXT, Co. has a 12 month low of $50.37 and a 12 month high of $64.80. The company has a market cap of $3.48 billion, a PE ratio of 19.94 and a beta of 1.34.

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

Crane NXT Announces Dividend

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

Wall Street Analysts Forecast Growth

CXT has been the subject of several analyst reports. Robert W. Baird upped their target price on Crane NXT from $77.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. DA Davidson reissued a “buy” rating and set a $100.00 price objective on shares of Crane NXT in a research note on Monday, September 30th. Northland Securities dropped their target price on shares of Crane NXT from $96.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, October 7th. Finally, Baird R W raised shares of Crane NXT to a “strong-buy” rating in a research note on Thursday, October 17th.

About Crane NXT

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.