Virtu Financial LLC Takes $377,000 Position in Crane NXT, Co. (NYSE:CXT)

Virtu Financial LLC purchased a new position in Crane NXT, Co. (NYSE:CXT) during the third quarter, HoldingsChannel.com reports. The fund purchased 6,717 shares of the company’s stock, valued at approximately $377,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp increased its stake in Crane NXT by 1.6% during the 3rd quarter. State Street Corp now owns 1,443,518 shares of the company’s stock valued at $80,981,000 after purchasing an additional 22,041 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Crane NXT by 2.8% during the third quarter. Victory Capital Management Inc. now owns 1,218,761 shares of the company’s stock valued at $68,372,000 after acquiring an additional 33,664 shares in the last quarter. Pacer Advisors Inc. raised 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 worth $69,716,000 after acquiring an additional 548,155 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Crane NXT by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,084,843 shares of the company’s stock valued at $66,626,000 after acquiring an additional 33,460 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Crane NXT by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,000,796 shares of the company’s stock valued at $56,157,000 after acquiring an additional 60,468 shares in the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CXT shares. DA Davidson restated a “buy” rating and issued a $100.00 price target on shares of Crane NXT in a research note on Monday, September 30th. Baird R W raised Crane NXT to a “strong-buy” rating in a research report on Thursday, October 17th. Robert W. Baird raised their price target on shares of Crane NXT from $77.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Northland Securities decreased their price objective on shares of 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 Stock Up 0.8 %

CXT stock opened at $60.33 on Tuesday. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 19.78 and a beta of 1.34. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.38. The business’s 50-day moving average is $57.70 and its two-hundred day moving average is $58.39. Crane NXT, Co. has a fifty-two week low of $52.89 and a fifty-two week high of $64.80.

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

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.64 annualized dividend and a dividend yield of 1.06%. Crane NXT’s dividend payout ratio (DPR) is 20.98%.

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.