Jupiter Topco LLC acquired a new stake in shares of Crane NXT, Co. (NYSE:CXT – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 21,437 shares of the company’s stock, valued at approximately $1,096,000.
A number of other institutional investors have also recently made changes to their positions in CXT. Jones Financial Companies Lllp grew its stake in Crane NXT by 120.3% during the 1st quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock worth $37,000 after buying an additional 391 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Crane NXT by 23.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 177,810 shares of the company’s stock valued at $9,139,000 after buying an additional 33,336 shares during the last quarter. Jane Street Group LLC boosted its holdings in Crane NXT by 89.0% in the first quarter. Jane Street Group LLC now owns 52,113 shares of the company’s stock worth $2,679,000 after acquiring an additional 24,540 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Crane NXT by 24.0% in the second quarter. Prudential Financial Inc. now owns 5,514 shares of the company’s stock worth $297,000 after acquiring an additional 1,069 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Crane NXT during the second quarter worth about $511,000. Institutional investors and hedge funds own 77.49% of the company’s stock.
Crane NXT Stock Performance
Shares of CXT opened at $50.13 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.42. The stock has a 50-day moving average of $51.22 and a two-hundred day moving average of $46.29. The stock has a market cap of $2.89 billion, a P/E ratio of 20.71 and a beta of 1.08. Crane NXT, Co. has a one year low of $35.71 and a one year high of $69.00.
Crane NXT Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 31st will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 31st. Crane NXT’s dividend payout ratio is 29.75%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on CXT shares. Northland Securities set a $65.00 price objective on shares of Crane NXT in a report on Monday, August 10th. Weiss Ratings upgraded shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Robert W. Baird set a $68.00 target price on shares of Crane NXT in a research report on Friday, August 7th. Finally, Zacks Research upgraded shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.20.
Read Our Latest Report on Crane NXT
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. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.
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