Crane NXT, Co. (NYSE:CXT) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Crane NXT, Co. has received a consensus recommendation of "Moderate Buy" from six brokerages, with an average 12-month price target of $73.75.
• The company reported $0.97 earnings per share for the last quarter, exceeding analyst estimates, and revenue of $404.40 million, also above forecasts.
• Crane NXT recently announced a quarterly dividend of $0.17 per share, yielding approximately 1.1%, with a dividend payout ratio of 25.95%.

Crane NXT, Co. (NYSE:CXT - Get Free Report) has received an average recommendation of "Moderate Buy" from the six research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $73.75.

Separately, DA Davidson restated a "buy" rating and set a $85.00 target price on shares of Crane NXT in a research report on Monday.

Crane NXT Trading Down 1.8%

Shares of NYSE CXT traded down $1.05 during trading on Monday, reaching $56.57. The company had a trading volume of 125,520 shares, compared to its average volume of 422,308. Crane NXT has a 12 month low of $41.54 and a 12 month high of $67.00. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.73. The company's fifty day moving average price is $59.48 and its 200-day moving average price is $54.46. The stock has a market cap of $3.25 billion, a P/E ratio of 21.57 and a beta of 1.37.

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

Crane NXT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 29th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. Crane NXT's dividend payout ratio is 25.95%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CXT. AlphaQuest LLC acquired a new position in Crane NXT during the 2nd quarter worth approximately $25,000. Park Square Financial Group LLC purchased a new stake in shares of Crane NXT in the fourth quarter worth approximately $26,000. EverSource Wealth Advisors LLC raised its stake in shares of Crane NXT by 4,080.0% in the second quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company's stock worth $34,000 after purchasing an additional 612 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Crane NXT by 87.2% in the first quarter. UMB Bank n.a. now owns 702 shares of the company's stock worth $36,000 after purchasing an additional 327 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Crane NXT by 120.3% in the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock worth $37,000 after purchasing an additional 391 shares during the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

Crane NXT Company 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.