Atria Investments Inc Acquires 208 Shares of Crane NXT, Co. (NYSE:CXT)

Atria Investments Inc raised its stake in shares of Crane NXT, Co. (NYSE:CXT) by 6.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,700 shares of the company’s stock after acquiring an additional 208 shares during the period. Atria Investments Inc’s holdings in Crane NXT were worth $208,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Radnor Capital Management LLC bought a new position in Crane NXT during the third quarter valued at approximately $948,000. Congress Asset Management Co. raised its stake in Crane NXT by 18.3% during the 3rd quarter. Congress Asset Management Co. now owns 742,813 shares of the company’s stock valued at $41,672,000 after buying an additional 114,707 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Crane NXT by 0.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 82,518 shares of the company’s stock valued at $4,628,000 after buying an additional 385 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Crane NXT by 25.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,469 shares of the company’s stock worth $251,000 after buying an additional 908 shares during the last quarter. Finally, Venture Visionary Partners LLC grew its holdings in shares of Crane NXT by 3.9% in the third quarter. Venture Visionary Partners LLC now owns 67,129 shares of the company’s stock worth $3,766,000 after acquiring an additional 2,500 shares during the period. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CXT shares. Robert W. Baird increased their price objective on shares of Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. DA Davidson reissued a “buy” rating and set a $100.00 price target on shares of Crane NXT in a report on Monday, September 30th. Northland Securities reduced their price objective on shares of Crane NXT from $96.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, October 7th. Finally, Baird R W upgraded Crane NXT to a “strong-buy” rating in a research report on Thursday, October 17th.

Crane NXT Stock Performance

NYSE:CXT opened at $60.11 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 1.01. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 19.71 and a beta of 1.33. Crane NXT, Co. has a 1 year low of $50.31 and a 1 year high of $64.80. The stock’s 50 day simple moving average is $56.13 and its two-hundred day simple moving average is $58.33.

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

Crane NXT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, November 29th. This represents a $0.64 dividend on an annualized basis and a yield of 1.06%. Crane NXT’s dividend payout ratio (DPR) is presently 20.98%.

Crane NXT Company 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.