International Assets Investment Management LLC Invests $572,000 in Crane NXT, Co. (NYSE:CXT)

International Assets Investment Management LLC acquired a new position in Crane NXT, Co. (NYSE:CXT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,066 shares of the company’s stock, valued at approximately $572,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. grew its position in shares of Crane NXT by 8,855.4% in the 4th quarter. Pacer Advisors Inc. now owns 705,688 shares of the company’s stock worth $40,132,000 after buying an additional 697,808 shares during the last quarter. Raymond James & Associates grew its position in Crane NXT by 14.5% during the 4th quarter. Raymond James & Associates now owns 101,121 shares of the company’s stock worth $5,751,000 after purchasing an additional 12,822 shares during the last quarter. Legato Capital Management LLC grew its position in Crane NXT by 36.7% during the 4th quarter. Legato Capital Management LLC now owns 19,047 shares of the company’s stock worth $1,083,000 after purchasing an additional 5,115 shares during the last quarter. Vest Financial LLC purchased a new stake in Crane NXT during the 4th quarter worth approximately $255,000. Finally, Radnor Capital Management LLC grew its position in Crane NXT by 2.8% during the 4th quarter. Radnor Capital Management LLC now owns 16,780 shares of the company’s stock worth $954,000 after purchasing an additional 460 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Analysts Set New Price Targets

CXT has been the topic of several research analyst reports. DA Davidson boosted their target price on shares of Crane NXT from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Northland Securities initiated coverage on shares of Crane NXT in a research report on Monday, April 8th. They set an “outperform” rating and a $91.00 target price on the stock.

Crane NXT Stock Down 0.7 %

CXT stock opened at $62.78 on Thursday. The firm’s fifty day simple moving average is $60.27 and its 200-day simple moving average is $56.59. The company has a market capitalization of $3.59 billion, a P/E ratio of 19.20 and a beta of 1.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.93 and a quick ratio of 1.46. Crane NXT, Co. has a 12 month low of $46.14 and a 12 month high of $63.89.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.92 by $0.07. The business had revenue of $356.90 million for the quarter, compared to the consensus estimate of $340.89 million. Crane NXT had a net margin of 13.53% and a return on equity of 20.33%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.13 EPS. As a group, equities research analysts forecast that Crane NXT, Co. will post 4.26 earnings per share for the current year.

Crane NXT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 29th were issued a $0.16 dividend. This is an increase from Crane NXT’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Wednesday, February 28th. Crane NXT’s dividend payout ratio is 19.57%.

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.