Crane NXT, Co. (NYSE:CXT) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its position in Crane NXT, Co. (NYSE:CXT) by 9.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 377,088 shares of the company’s stock after selling 37,209 shares during the period. Loomis Sayles & Co. L P owned about 0.66% of Crane NXT worth $21,155,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CXT. Victory Capital Management Inc. boosted its stake in shares of Crane NXT by 2.8% in the third quarter. Victory Capital Management Inc. now owns 1,218,761 shares of the company’s stock worth $68,372,000 after acquiring an additional 33,664 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Crane NXT by 93.4% in 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. Dimensional Fund Advisors LP boosted its stake in Crane NXT by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,084,843 shares of the company’s stock worth $66,626,000 after purchasing an additional 33,460 shares during the last quarter. Congress Asset Management Co. grew its holdings in shares of Crane NXT by 18.3% during the third quarter. Congress Asset Management Co. now owns 742,813 shares of the company’s stock worth $41,672,000 after buying an additional 114,707 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Crane NXT by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 522,205 shares of the company’s stock valued at $32,074,000 after buying an additional 19,224 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CXT has been the topic of a number of recent research reports. DA Davidson restated a “buy” rating and set a $100.00 price target on shares of Crane NXT in a research report on Monday, September 30th. Baird R W raised shares of Crane NXT to a “strong-buy” rating in a research note on Thursday, October 17th. Robert W. Baird upped their price target on Crane NXT from $77.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Northland Securities cut their price target on Crane NXT from $96.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, October 7th.

Crane NXT Price Performance

Crane NXT stock opened at $63.24 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.01 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.62 billion, a P/E ratio of 20.73 and a beta of 1.33. The company has a 50-day moving average price of $56.22 and a 200 day moving average price of $58.32. Crane NXT, Co. has a 12-month low of $50.31 and a 12-month high of $64.80.

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

Crane NXT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, November 29th. Crane NXT’s dividend payout ratio is presently 20.98%.

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.