Atria Investments Inc Purchases 208 Shares of Crane NXT, Co. (NYSE:CXT)

Atria Investments Inc raised its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,700 shares of the company’s stock after buying an additional 208 shares during the period. Atria Investments Inc’s holdings in Crane NXT were worth $208,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CXT. Pacer Advisors Inc. grew its position 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 acquiring an additional 548,155 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Crane NXT by 3.2% during the second 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. Congress Asset Management Co. boosted its holdings in shares of Crane NXT by 18.3% in the third quarter. Congress Asset Management Co. now owns 742,813 shares of the company’s stock valued at $41,672,000 after purchasing an additional 114,707 shares during the period. Bank of New York Mellon Corp increased its holdings in Crane NXT by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 522,205 shares of the company’s stock worth $32,074,000 after purchasing an additional 19,224 shares during the period. Finally, Ancora Advisors LLC raised its position in Crane NXT by 5.5% during the 1st quarter. Ancora Advisors LLC now owns 320,085 shares of the company’s stock valued at $19,813,000 after purchasing an additional 16,740 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Crane NXT Trading Up 3.2 %

Shares of NYSE CXT opened at $60.11 on Friday. Crane NXT, Co. has a 1-year low of $50.31 and a 1-year high of $64.80. The business has a fifty day moving average price of $56.13 and a 200 day moving average price of $58.33. The stock has a market capitalization of $3.44 billion, a P/E ratio of 19.71 and a beta of 1.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 1.01.

Crane NXT (NYSE:CXT) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.02. The business 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 company’s revenue was up 14.3% compared to the same quarter last year. During the same period last year, the business earned $1.09 EPS. Equities research analysts expect that Crane NXT, Co. will post 4.26 EPS for the current fiscal 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 given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, November 29th. Crane NXT’s payout ratio is presently 20.98%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Northland Securities dropped their price target on Crane NXT from $96.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, October 7th. Robert W. Baird increased their target price on shares of Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. DA Davidson reissued a “buy” rating and set a $100.00 target price on shares of Crane NXT in a research report on Monday, September 30th. Finally, Baird R W raised shares of Crane NXT to a “strong-buy” rating in a research report on Thursday, October 17th.

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.