Vanguard Personalized Indexing Management LLC Makes New Investment in Crane NXT, Co. (NYSE:CXT)

Vanguard Personalized Indexing Management LLC has purchased new shares of Crane NXT, Co., according to its latest disclosure to the Securities and Exchange Commission. (NYSE:CXT – Free Report) in the fourth quarter. The fund purchased 6,507 shares of the company worth approximately $370,000.

Several other hedge funds also made changes to their positions at the company. Nicholas Investment Partners LP increased its stake in shares of Crane NXT by 42.6% during the fourth quarter. Nicholas Investment Partners LP now owns 192,639 shares of the company’s stock valued at $10,955,000 after acquiring an additional 57,531 shares in the last quarter. Vise Technologies Inc. purchased a new stake in shares of Crane NXT during the fourth quarter worth approximately $244,000. Dimensional Fund Advisors LP raised its position in shares of Crane NXT by 9.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 983,351 shares of the company’s stock valued at $55,926,000 after purchasing an additional 85,876 shares during the period. Jump Financial LLC purchased a new stake in shares of Crane NXT during the 4th quarter worth approximately $2,428,000. Finally, AGF Management Ltd. increased its holdings in shares of Crane NXT by 7.1% during the fourth quarter. AGF Management Ltd. now owns 54,094 shares of the company’s stock valued at $3,076,000 after purchasing an additional 3,608 shares in the last quarter. 77.49% of the shares are currently owned by hedge funds and other institutional investors.

Crane NXT Price and performance

On Monday, the NYSE CXT stock price reached $61.58. The company’s fifty day simple moving average is $61.03 and its two hundred day simple moving average is $57.98. The company has a market capitalization of $3.52 billion, a P/E ratio of 19.43 and a beta of 1.36. The company has a current ratio of 2.12, a quick ratio of 1.56 and a debt to equity ratio of 0.66. Crane NXT, Co. it has a 12-month low of $48.42 and a 12-month high of $63.89.

Crane NXT (NYSE:CXT – Get Free Report) last announced its earnings results on Wednesday, May 8. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). Crane NXT had a return on equity of 25.50% and a net margin of 13.26%. The company’s revenue for the quarter was $313.60 million, compared to analyst expectations of $311.72 million. During the same quarter last year, the company earned $0.96 per share. The company’s quarterly revenues decreased by 4.7% compared to the same quarter last year. Analysts predict that Crane NXT, Co. will report 4.3 EPS for the current fiscal year.

Crane NXT announces dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12. Record investors on Friday, May 31 will receive a dividend of $0.16. This translates into an annual dividend of $0.64 and a dividend yield of 1.04%. The ex-dividend date is Friday, May 31. Crane NXT’s payout ratio is currently 20.19%.

A Wall Street analyst weighs in

Many stock analysts have commented on the stock recently. Northland Securities began covering shares of Crane NXT in a research note on Monday, April 8th. They gave the company an “outperform” rating and a $91.00 price target. DA Davidson increased their price target on Crane NXT from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, March 18th.

Check out our latest report on Crane NXT

NXT crane profile

(free report)

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 its Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic hardware and related software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics and productivity software solutions.

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