Mutual of America Capital Management LLC Sells 1,250 Shares of Crane NXT, Co. (NYSE:CXT)

Mutual of America Capital Management LLC lowered its position in Crane NXT, Co. (NYSE:CXT) by 4.5% during the 3rd quarter, Holdings Channel reports. The fund owned 26,553 shares of the company’s stock after selling 1,250 shares during the period. Mutual of America Capital Management LLC’s holdings in Crane NXT were worth $1,490,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Crane NXT by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,644 shares of the company’s stock worth $1,650,000 after purchasing an additional 1,407 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Crane NXT by 22.4% in the first quarter. Tidal Investments LLC now owns 6,383 shares of the company’s stock valued at $395,000 after buying an additional 1,170 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of Crane NXT during the first quarter valued at about $244,000. GAMMA Investing LLC increased its position in shares of Crane NXT by 9.8% during the second quarter. GAMMA Investing LLC now owns 2,187 shares of the company’s stock worth $134,000 after acquiring an additional 195 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its holdings in shares of Crane NXT by 2.5% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 19,086 shares of the company’s stock worth $1,172,000 after acquiring an additional 465 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CXT shares. Robert W. Baird lifted their price target on Crane NXT from $77.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Baird R W upgraded Crane NXT to a “strong-buy” rating in a report on Thursday, October 17th. DA Davidson reiterated a “buy” rating and set a $100.00 price target on shares of Crane NXT in a report on Monday, September 30th. Finally, Northland Securities lowered their price target on Crane NXT from $96.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, October 7th.

Crane NXT Trading Up 3.5 %

Shares of CXT stock opened at $62.20 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.38. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 20.39 and a beta of 1.33. Crane NXT, Co. has a 52-week low of $50.31 and a 52-week high of $64.80. The company has a 50-day simple moving average of $56.22 and a two-hundred day simple moving average of $58.32.

Crane NXT (NYSE:CXT) last announced its 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. The firm had revenue of $403.50 million for the quarter, compared to the consensus estimate of $392.44 million. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 EPS. Research analysts anticipate that Crane NXT, Co. will post 4.26 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.64 dividend on an annualized basis and a yield of 1.03%. Crane NXT’s dividend payout ratio (DPR) is presently 20.98%.

About Crane NXT

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.