Rockefeller Capital Management L.P. Sells 22,247 Shares of Crane NXT, Co. $CXT

Rockefeller Capital Management L.P. reduced its stake in shares of Crane NXT, Co. (NYSE:CXT) by 45.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,553 shares of the company’s stock after selling 22,247 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Crane NXT were worth $1,431,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Deutsche Bank AG increased its position in shares of Crane NXT by 4.2% during the 1st quarter. Deutsche Bank AG now owns 6,077 shares of the company’s stock valued at $312,000 after purchasing an additional 246 shares during the last quarter. Kirr Marbach & Co. LLC IN boosted its stake in Crane NXT by 0.3% during the second quarter. Kirr Marbach & Co. LLC IN now owns 97,159 shares of the company’s stock worth $5,237,000 after buying an additional 246 shares during the period. Teacher Retirement System of Texas increased its position in Crane NXT by 4.2% during the second quarter. Teacher Retirement System of Texas now owns 7,404 shares of the company’s stock valued at $399,000 after acquiring an additional 299 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of Crane NXT by 8.0% in the first quarter. EP Wealth Advisors LLC now owns 4,682 shares of the company’s stock valued at $241,000 after acquiring an additional 346 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Crane NXT by 14.1% in the second quarter. GAMMA Investing LLC now owns 2,974 shares of the company’s stock valued at $160,000 after acquiring an additional 368 shares during the period. 77.49% of the stock is owned by institutional investors.

Crane NXT Price Performance

Shares of CXT stock opened at $54.80 on Tuesday. The company has a market capitalization of $3.15 billion, a P/E ratio of 20.92 and a beta of 1.37. The company’s 50-day simple moving average is $63.02 and its two-hundred day simple moving average is $59.27. Crane NXT, Co. has a one year low of $41.54 and a one 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.

Crane NXT (NYSE:CXT) last posted 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 firm had revenue of $871.50 million during the quarter. As a group, equities analysts anticipate that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently commented on CXT shares. Oppenheimer upped their price target on shares of Crane NXT from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Crane NXT in a research note on Wednesday, October 8th. Finally, DA Davidson reissued a “buy” rating and set a $85.00 price target on shares of Crane NXT in a research note on Tuesday, September 23rd. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.