Fmr LLC Has $462.26 Million Stock Holdings in Crane NXT, Co. (NYSE:CXT)

Fmr LLC decreased its holdings in Crane NXT, Co. (NYSE:CXT) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,239,966 shares of the company’s stock after selling 148,310 shares during the quarter. Fmr LLC owned approximately 0.14% of Crane NXT worth $462,262,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CXT. LRI Investments LLC grew its position in shares of Crane NXT by 1,875.0% in the 2nd quarter. LRI Investments LLC now owns 632 shares of the company’s stock valued at $39,000 after buying an additional 600 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Crane NXT in the third quarter worth approximately $45,000. Hobbs Group Advisors LLC bought a new stake in Crane NXT in the second quarter valued at approximately $52,000. Blue Trust Inc. increased its position in Crane NXT by 27.8% during the 2nd quarter. Blue Trust Inc. now owns 942 shares of the company’s stock valued at $58,000 after purchasing an additional 205 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Crane NXT by 16.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock worth $116,000 after purchasing an additional 265 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Price Performance

Shares of NYSE CXT opened at $62.68 on Friday. The firm has a market capitalization of $3.58 billion, a P/E ratio of 20.55 and a beta of 1.33. The firm’s 50-day moving average price is $56.47 and its 200-day moving average price is $58.40. The company has a current ratio of 1.38, a quick ratio of 1.01 and a debt-to-equity ratio of 0.60. Crane NXT, Co. has a 1-year low of $50.31 and a 1-year high of $64.80.

Crane NXT (NYSE:CXT) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The business had revenue of $403.50 million for the quarter, compared to the consensus estimate of $392.44 million. During the same period in the prior year, the business earned $1.09 EPS. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities research analysts anticipate that Crane NXT, Co. will post 4.26 earnings per share 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. Investors of record on Friday, November 29th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, November 29th. Crane NXT’s payout ratio is currently 20.98%.

Analyst Upgrades and Downgrades

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

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.