LSV Asset Management Has $11.40 Million Stock Holdings in Crane NXT, Co. (NYSE:CXT)

LSV Asset Management reduced its stake in Crane NXT, Co. (NYSE:CXT) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 195,776 shares of the company’s stock after selling 800 shares during the quarter. LSV Asset Management’s holdings in Crane NXT were worth $11,398,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in Crane NXT during the 3rd quarter worth approximately $32,000. Fifth Third Bancorp raised its stake in Crane NXT by 98.6% during the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock worth $32,000 after buying an additional 276 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Crane NXT by 985.4% during the fourth quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company’s stock worth $95,000 after buying an additional 1,488 shares during the last quarter. Cascade Financial Partners LLC acquired a new position in Crane NXT in the fourth quarter valued at $202,000. Finally, Oak Thistle LLC bought a new stake in Crane NXT during the fourth quarter valued at $203,000. 77.49% of the stock is owned by institutional investors and hedge funds.

Crane NXT Trading Up 0.6 %

CXT opened at $45.27 on Friday. The company has a market cap of $2.59 billion, a P/E ratio of 14.19 and a beta of 1.21. The company has a fifty day moving average price of $54.00 and a two-hundred day moving average price of $57.17. The company has a current ratio of 1.14, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51. Crane NXT, Co. has a 1-year low of $41.54 and a 1-year high of $67.01.

Crane NXT (NYSE:CXT) last issued its earnings results on Wednesday, February 12th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. Analysts predict that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.50%. This is a positive change from Crane NXT’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, February 28th. Crane NXT’s dividend payout ratio is presently 21.32%.

Wall Street Analysts Forecast Growth

CXT has been the topic of a number of recent analyst reports. Northland Capmk downgraded Crane NXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Northland Securities lowered Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price target on the stock. in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Crane NXT currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.33.

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.