Crane NXT, Co. (NYSE:CXT) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Crane NXT, Co. (NYSE:CXT - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $73.75.

A number of equities analysts recently commented on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Crane NXT in a research report on Wednesday. DA Davidson restated a "buy" rating and issued a $85.00 price objective on shares of Crane NXT in a research report on Tuesday, September 23rd.

Hedge Funds Weigh In On Crane NXT

Hedge funds have recently modified their holdings of the company. State Board of Administration of Florida Retirement System grew its holdings in Crane NXT by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 50,304 shares of the company's stock worth $2,711,000 after purchasing an additional 190 shares during the period. FourThought Financial Partners LLC grew its holdings in shares of Crane NXT by 4.6% during the first quarter. FourThought Financial Partners LLC now owns 4,909 shares of the company's stock valued at $252,000 after buying an additional 216 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Crane NXT by 4.2% during the first quarter. Deutsche Bank AG now owns 6,077 shares of the company's stock valued at $312,000 after buying an additional 246 shares during the last quarter. Kirr Marbach & Co. LLC IN grew its holdings in shares of Crane NXT by 0.3% during the second quarter. Kirr Marbach & Co. LLC IN now owns 97,159 shares of the company's stock valued at $5,237,000 after buying an additional 246 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Crane NXT by 46.0% during the first quarter. Fifth Third Bancorp now owns 812 shares of the company's stock valued at $42,000 after buying an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company's stock.

Crane NXT Price Performance

Shares of NYSE:CXT opened at $68.08 on Friday. The stock has a market cap of $3.91 billion, a PE ratio of 25.98 and a beta of 1.36. The company's fifty day moving average is $61.39 and its 200 day moving average is $55.59. Crane NXT has a 52 week low of $41.54 and a 52 week high of $69.00. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.73.

Crane NXT (NYSE:CXT - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.05. The company had revenue of $404.40 million for the quarter, compared to analysts' expectations of $382.79 million. Crane NXT had a net margin of 9.84% and a return on equity of 20.22%. Research analysts anticipate that Crane NXT will post 4.16 earnings per share for the current year.

Crane NXT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th were given a $0.17 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Crane NXT's payout ratio is presently 25.95%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.