Secured Retirement Advisors LLC Acquires Stake in Crane NXT, Co.

In the fourth quarter, Secured Retirement Advisors LLC made a significant investment in Crane NXT, Co. (NYSE:CXT). According to the firm's recent filing with the Securities and Exchange Commission, they acquired 15,260 shares of Crane NXT's stock, which amounts to a valuation of approximately $888,000.

Investor Activity in Crane NXT

Several other large investors have also been making moves with Crane NXT shares. For example, Wilmington Savings Fund Society FSB bought a new position in the third quarter, valued at about $32,000. Fifth Third Bancorp notably increased its holdings by an impressive 98.6% during the fourth quarter, owning 556 shares worth $32,000 after acquiring 276 additional shares. nVerses Capital LLC entered the scene with a new position worth around $45,000 in the third quarter. Quest Partners LLC also bought shares valued at about $181,000 in the third quarter. Oak Thistle LLC joined later, purchasing shares worth approximately $203,000 in the fourth quarter. In total, institutional investors and hedge funds own approximately 77.49% of the stock.

Crane NXT Stock Overview

As of recent trading, Crane NXT stock opened at $59.78. The company reports a debt-to-equity ratio of 0.60, with a quick ratio of 1.01, and a current ratio of 1.38. The market capitalization stands at $3.42 billion, alongside a PE ratio of 19.60 and a beta of 1.36. Over the past year, the stock has fluctuated between a low of $52.89 and a high of $67.00. The fifty-day moving average is currently at $61.13, while the two-hundred day moving average is at $58.60.

Recent Earnings and Predictions

Crane NXT last reported its quarterly earnings on February 12. The company announced earnings of $1.20 per share for the quarter, which exceeded the analysts' expectations of $1.19 by one cent. The net margin for Crane NXT is currently at 12.18%, with a return on equity of 23.46%. Analysts forecast an expectation of $4.26 earnings per share for the current fiscal year.

Dividend Announcement

In addition to its strong performance, Crane NXT has announced a quarterly dividend, payable on March 12. Shareholders on record as of February 28 will receive a dividend of $0.17 per share, with the ex-dividend date also set for February 28. This marks an increase from the prior quarterly dividend of $0.16, bringing the annualized dividend to $0.68 and yielding 1.14%. The current dividend payout ratio is 21.32%.

Analysts' Recommendations

Robert W. Baird recently raised its price target for Crane NXT from $77.00 to $78.00, maintaining an 'outperform' rating on the stock, in a report released on November 8.

About Crane NXT

Crane NXT, Co. operates as an industrial technology company, specializing in technology solutions for securing, detecting, and authenticating important assets. The company operates through two primary segments: Crane Payment Innovations and Crane Currency. The Crane Payment Innovations segment provides various electronic equipment and software solutions, advanced automation technology, processing systems, field services, remote diagnostics, and productivity software.

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