Crane NXT, Co. (NYSE:CXT) Shares Purchased by BOS Asset Management LLC

BOS Asset Management LLC increased its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 35.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 14,498 shares of the company’s stock after purchasing an additional 3,801 shares during the period. BOS Asset Management LLC’s holdings in Crane NXT were worth $813,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CXT. Wellington Management Group LLP acquired a new position in shares of Crane NXT during the fourth quarter valued at about $66,550,000. Congress Asset Management Co. MA grew its position in Crane NXT by 3,331.1% during the 1st quarter. Congress Asset Management Co. MA now owns 595,396 shares of the company’s stock worth $36,855,000 after purchasing an additional 578,043 shares during the last quarter. Pacer Advisors Inc. increased its stake in Crane NXT by 93.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,135,065 shares of the company’s stock valued at $69,716,000 after purchasing an additional 548,155 shares in the last quarter. Capital International Investors raised its holdings in shares of Crane NXT by 40.0% in the first quarter. Capital International Investors now owns 653,052 shares of the company’s stock worth $40,424,000 after buying an additional 186,437 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of Crane NXT by 97.0% during the second quarter. Hsbc Holdings PLC now owns 247,842 shares of the company’s stock worth $15,222,000 after buying an additional 122,056 shares during the period. 77.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CXT has been the topic of several research reports. Northland Securities cut their target price on Crane NXT from $96.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, October 7th. DA Davidson reissued a “buy” rating and issued a $100.00 price objective on shares of Crane NXT in a report on Monday, September 30th.

Crane NXT Stock Performance

Shares of NYSE CXT opened at $55.60 on Thursday. The company has a 50 day simple moving average of $56.74 and a two-hundred day simple moving average of $59.29. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 17.54 and a beta of 1.32. The company has a current ratio of 1.20, a quick ratio of 0.87 and a debt-to-equity ratio of 0.65. Crane NXT, Co. has a 12 month low of $48.42 and a 12 month high of $64.80.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, August 7th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. The company had revenue of $370.60 million during the quarter, compared to the consensus estimate of $367.08 million. Crane NXT had a net margin of 12.97% and a return on equity of 24.25%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 earnings per share. As a group, analysts predict that Crane NXT, Co. will post 4.28 earnings per share for the current year.

Crane NXT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Friday, August 30th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, August 30th. Crane NXT’s dividend payout ratio (DPR) is 20.19%.

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.