5,253 Shares in Crane NXT, Co. (NYSE:CXT) Purchased by MQS Management LLC

MQS Management LLC acquired a new stake in shares of Crane NXT, Co. (NYSE:CXT) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,253 shares of the company’s stock, valued at approximately $295,000.

Several other large investors also recently modified their holdings of CXT. LRI Investments LLC bought a new stake in Crane NXT in the first quarter valued at $38,000. nVerses Capital LLC bought a new stake in shares of Crane NXT in the 3rd quarter worth about $45,000. Hobbs Group Advisors LLC acquired a new stake in shares of Crane NXT during the 2nd quarter worth about $52,000. Blue Trust Inc. lifted its holdings in Crane NXT by 27.8% during the 2nd quarter. Blue Trust Inc. now owns 942 shares of the company’s stock valued at $58,000 after purchasing an additional 205 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Crane NXT by 16.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock valued at $116,000 after buying an additional 265 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Northland Securities dropped their price objective on shares of Crane NXT from $96.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, October 7th. Robert W. Baird boosted their price objective on Crane NXT from $77.00 to $78.00 and gave the stock 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. Finally, DA Davidson reaffirmed a “buy” rating and issued a $100.00 price target on shares of Crane NXT in a report on Monday, September 30th.

Crane NXT Stock Down 0.6 %

NYSE:CXT opened at $55.29 on Friday. The stock’s fifty day moving average price is $56.04 and its two-hundred day moving average price is $58.53. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 18.13 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 debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.38.

Crane NXT (NYSE:CXT) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.02. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The company had revenue of $403.50 million for the quarter, compared to the consensus estimate of $392.44 million. During the same quarter in the prior year, the business posted $1.09 EPS. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. On average, analysts anticipate that Crane NXT, Co. will post 4.26 EPS for the current year.

Crane NXT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders 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 dividend yield of 1.16%. Crane NXT’s dividend payout ratio (DPR) is presently 20.98%.

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.