Crane NXT, Co. (NYSE:CXT) Shares purchased by Assetmark Inc.

According to its latest filing with the Securities and Exchange Commission (SEC), Assetmark Inc. increased its stake in Crane NXT, Co. (NYSE:CXT – Free Report) up 9,630.0% in the fourth quarter. The company now owned 973 shares of the company’s stock after acquiring an additional 963 shares during the quarter. At the end of the last quarter, shares of Assetmark Inc. in Crane NXT they were worth $55,000.

Several other large investors have also recently increased or decreased their stakes in CXT. Private Advisor Group LLC purchased a new position in Crane NXT during the 3rd quarter valued at $230,000. Retirement Systems of Alabama purchased a new position in Crane NXT during the third quarter valued at $3,350,000. Arizona State Retirement System purchased a new position in Crane NXT during the third quarter valued at $763,000. Fox Run Management LLC purchased a new position in Crane NXT during the 3rd quarter valued at $313,000. Finally, Barclays PLC purchased a new position in Crane NXT during the third quarter worth $1,346,000. 77.49% of the shares are currently held by institutional investors and hedge funds.

Changes in analyst ratings

Several research firms have recently looked into CXT. DA Davidson increased their price target on Crane NXT from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Northland Securities began coverage on Crane NXT in a research note on Monday, April 8th. They set an “outperform” rating and a $91.00 price target for the company.

See our latest analysis for CXT

Crane NXT stock performance

On Friday, CXT opened at $63.22. The company has a market capitalization of $3.61 billion, a PE ratio of 19.94 and a beta of 1.36. The company has a quick ratio of 1.56, a current ratio of 2.12 and a debt to equity ratio of 0.66. The company has a fifty-day simple moving average of $61.17 and a 200-day simple moving average of $58.28. Crane NXT, Co. it has a fifty-two week low of $48.42 and a fifty-two week high of $63.89.

Crane NXT (NYSE:CXT – Get Free Report) last released its earnings results on Wednesday, May 8th. The company observed EPS of $0.85 for the quarter, missing the consensus estimate of $0.86 by ($0.01). The company had revenue of $313.60 million for the quarter, compared to analyst estimates of $311.72 million. Crane NXT had a return on equity of 25.50% and a net margin of 13.26%. The company’s quarterly revenue declined 4.7% year-over-year. During the same period last year, the company earned $0.96 EPS. Stock analysts as a group 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. Shareholders who hit record highs on Friday, May 31 will receive a dividend of $0.16. The ex-dividend date for this dividend is Friday, May 31st. This translates into an annual dividend of $0.64 and a dividend yield of 1.01%. Crane NXT’s Dividend Payout Ratio (DPR) 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.

Changes in analyst ratings

Crane NXT stock performance

Crane NXT announces dividend

About Crane NXT

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