Proficio Capital Partners LLC Invests $675,000 in Crane NXT, Co. (NYSE:CXT)

Proficio Capital Partners LLC bought a new position in shares of Crane NXT, Co. (NYSE:CXT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,586 shares of the company’s stock, valued at approximately $675,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp raised its stake in Crane NXT by 98.6% in the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock valued at $32,000 after purchasing an additional 276 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Crane NXT in the third quarter valued at about $32,000. Venturi Wealth Management LLC raised its stake in Crane NXT by 985.4% in the fourth quarter. Venturi Wealth Management LLC now owns 1,639 shares of the company’s stock valued at $95,000 after purchasing an additional 1,488 shares in the last quarter. Quest Partners LLC acquired a new position in Crane NXT in the third quarter valued at about $181,000. Finally, Oak Thistle LLC acquired a new position in Crane NXT in the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Stock Performance

Crane NXT stock opened at $52.94 on Friday. Crane NXT, Co. has a 12-month low of $52.02 and a 12-month high of $67.01. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average price is $59.29 and its two-hundred day moving average price is $58.24. The stock has a market cap of $3.03 billion, a PE ratio of 16.59 and a beta of 1.32.

Crane NXT (NYSE:CXT) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. As a group, analysts expect that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th were issued a dividend of $0.17 per share. This is a boost from Crane NXT’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, February 28th. Crane NXT’s payout ratio is 21.32%.

Analyst Ratings Changes

A number of research firms recently commented on CXT. Northland Capmk downgraded Crane NXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Northland Securities cut Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 target price on the stock. in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $83.33.

Crane NXT Company 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.