4,133 Shares in Crane NXT, Co. $CXT Purchased by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in Crane NXT, Co. (NYSE:CXT) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 4,133 shares of the company’s stock, valued at approximately $223,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its stake in shares of Crane NXT by 16.1% in the first quarter. Envestnet Asset Management Inc. now owns 209,365 shares of the company’s stock worth $10,761,000 after purchasing an additional 28,956 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Crane NXT during the first quarter worth $3,354,000. Royce & Associates LP raised its position in Crane NXT by 3.8% in the 1st quarter. Royce & Associates LP now owns 390,638 shares of the company’s stock valued at $20,079,000 after buying an additional 14,217 shares during the last quarter. Cetera Investment Advisers lifted its stake in Crane NXT by 11.5% during the 1st quarter. Cetera Investment Advisers now owns 19,841 shares of the company’s stock valued at $1,020,000 after acquiring an additional 2,052 shares in the last quarter. Finally, FourThought Financial Partners LLC lifted its stake in Crane NXT by 4.6% during the 1st quarter. FourThought Financial Partners LLC now owns 4,909 shares of the company’s stock valued at $252,000 after acquiring an additional 216 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Trading Down 3.4%

Shares of Crane NXT stock opened at $56.58 on Tuesday. The firm has a market cap of $3.25 billion, a PE ratio of 21.60 and a beta of 1.37. Crane NXT, Co. has a 1 year low of $41.54 and a 1 year high of $69.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.20 and a quick ratio of 0.89. The stock has a fifty day moving average price of $63.62 and a 200-day moving average price of $59.06.

Crane NXT (NYSE:CXT) last issued its quarterly earnings results on Wednesday, June 1st. The company reported $1.81 earnings per share for the quarter. Crane NXT had a net margin of 9.84% and a return on equity of 20.22%. The company had revenue of $871.50 million for the quarter. Equities research analysts anticipate that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 28th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, November 28th. Crane NXT’s dividend payout ratio is currently 25.37%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. DA Davidson reiterated a “buy” rating and issued a $85.00 target price on shares of Crane NXT in a research note on Tuesday, September 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Crane NXT in a report on Wednesday, October 8th. Finally, Oppenheimer upped their price objective on shares of Crane NXT from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Crane NXT currently has an average rating of “Hold” and an average target price of $74.25.

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.