UBS Group AG reduces position in Crane NXT, Co. (NYSE:CXT)

UBS Group AG reduced its stake in Crane NXT, Co., according to its latest 13F filing with the Securities and Exchange Commission. (NYSE:CXT – Free Report) up 2.1% in the fourth quarter. The institutional investor owned 295,746 shares of the company after selling 6,232 shares during the period. UBS Group AG owned approximately 0.52% of Crane NXT worth $16,819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new stake in shares of Crane NXT during the third quarter worth approximately $611,000. Simplex Trading LLC acquired a new stake in shares of Crane NXT during the 3rd quarter valued at $85,000. Private Advisor Group LLC acquired a new position in shares of Crane NXT during the 3rd quarter valued at $230,000. Signaturefd LLC acquired a new position in shares of Crane NXT during the 3rd quarter worth $109,000. Finally, in the third quarter, NBC Securities Inc. acquired a new position in Crane NXT worth $201,000. 77.49% of the shares are currently held by institutional investors and hedge funds.

A Wall Street analyst weighs in

Several equities analysts have published reports on the stock. 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 shares of Crane NXT from $80.00 to $100.00 and gave the company a “buy” rating in a report on Monday, March 18th.

Read our latest stock analysis for Crane NXT

Crane NXT Stocks Up 3.1%

NYSE CXT shares opened at $62.74 on Friday. Crane NXT, Co. it has a 1-year low of $48.42 and a 1-year high of $63.89. The company’s 50-day moving average price is $61.12 and its 200-day moving average price is $58.19. The company has a market capitalization of $3.58 billion, a P/E ratio of 19.79 and a beta of 1.36. The company has a debt to equity ratio of 0.66, a quick ratio of 1.56 and a current ratio of 2.12.

Crane NXT (NYSE:CXT – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). Crane NXT achieved a net margin of 13.26% and a return on equity of 25.50%. The company’s revenue for the quarter was $313.60 million, compared to analyst expectations of $311.72 million. During the same period last year, the company earned $0.96 per share. The company’s quarterly revenue declined 4.7% year-over-year. As a group, sell-side analysts predict that Crane NXT, Co. will report 4.3 earnings per share for the current year.

Crane NXT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12. Shareholders who hit record highs on Friday, May 31 will receive a dividend of $0.16 per share. The ex-dividend date is Friday, May 31. This translates into an annual dividend of $0.64 and a dividend yield of 1.02%. Crane NXT’s dividend payout ratio is currently 20.19%.

About Crane NXT

(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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