Amalgamated Bank Lowers Holdings in Crane NXT, Co. (NYSE:CXT)

Amalgamated Bank lowered its holdings in Crane NXT, Co. (NYSE:CXT) by 1.4% in the fourth quarter, HoldingsChannel reports. The firm owned 36,733 shares of the company’s stock after selling 532 shares during the quarter. Amalgamated Bank’s holdings in Crane NXT were worth $2,089,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CXT. Acadian Asset Management LLC purchased a new position in shares of Crane NXT in the 3rd quarter valued at about $28,000. New England Capital Financial Advisors LLC purchased a new position in Crane NXT in the third quarter worth approximately $36,000. CI Investments Inc. purchased a new position in Crane NXT in the third quarter worth approximately $53,000. Simplex Trading LLC acquired a new position in Crane NXT during the 3rd quarter worth approximately $85,000. Finally, EMC Capital Management purchased a new stake in shares of Crane NXT in the 3rd quarter valued at approximately $89,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Crane NXT Trading Down 0.6 %

Shares of Crane NXT stock opened at $60.24 on Monday. The company has a current ratio of 2.12, a quick ratio of 1.46 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $60.84 and a 200-day simple moving average of $57.35. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 19.00 and a beta of 1.36. Crane NXT, Co. has a 12-month low of $48.19 and a 12-month high of $63.89.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). Crane NXT had a net margin of 13.26% and a return on equity of 25.50%. The company had revenue of $313.60 million during the quarter, compared to analyst estimates of $311.72 million. During the same quarter in the prior year, the company earned $0.96 EPS. The business’s revenue was down 4.7% on a year-over-year basis. On average, equities analysts forecast that Crane NXT, Co. will post 4.29 EPS for the current fiscal year.

Crane NXT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Friday, May 31st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, May 31st. Crane NXT’s dividend payout ratio (DPR) is 20.19%.

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.