UMB Bank n.a. Acquires 327 Shares of Crane NXT, Co. (NYSE:CXT)

UMB Bank n.a. lifted its holdings in Crane NXT, Co. (NYSE:CXT) by 87.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 702 shares of the company’s stock after acquiring an additional 327 shares during the period. UMB Bank n.a.’s holdings in Crane NXT were worth $36,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. FMR LLC boosted its position in shares of Crane NXT by 4.1% during the fourth quarter. FMR LLC now owns 8,576,731 shares of the company’s stock valued at $499,337,000 after buying an additional 336,765 shares during the period. Vanguard Group Inc. boosted its position in shares of Crane NXT by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 5,930,995 shares of the company’s stock valued at $345,303,000 after buying an additional 66,800 shares during the period. Wellington Management Group LLP boosted its position in shares of Crane NXT by 2.4% during the fourth quarter. Wellington Management Group LLP now owns 3,156,140 shares of the company’s stock valued at $183,750,000 after buying an additional 72,992 shares during the period. Capital International Investors boosted its position in shares of Crane NXT by 79.3% during the fourth quarter. Capital International Investors now owns 1,351,044 shares of the company’s stock valued at $78,658,000 after buying an additional 597,537 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Crane NXT by 12.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,229,469 shares of the company’s stock valued at $71,579,000 after buying an additional 136,810 shares during the period. Institutional investors own 77.49% of the company’s stock.

Crane NXT Price Performance

Shares of CXT opened at $54.42 on Monday. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 17.06 and a beta of 1.30. Crane NXT, Co. has a twelve month low of $41.54 and a twelve month high of $67.01. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average of $50.30 and a two-hundred day moving average of $55.45.

Crane NXT (NYSE:CXT) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. The business had revenue of $330.30 million during the quarter, compared to the consensus estimate of $318.46 million. During the same period in the previous year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, May 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.25%. Crane NXT’s payout ratio is currently 23.37%.

Analysts Set New Price Targets

CXT has been the topic of a number of research reports. UBS Group reduced their target price on shares of Crane NXT from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. DA Davidson reduced their target price on shares of Crane NXT from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Northland Securities downgraded shares of Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price objective on the stock. in a research note on Tuesday, February 18th. Finally, Northland Capmk downgraded shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Crane NXT presently has an average rating of “Moderate Buy” and an average price target of $73.75.

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.