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

Shares of Crane NXT, Co. (NYSE:CXT - Get Free Report) have received a consensus rating of "Moderate Buy" from the six research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $73.75.

A number of equities research analysts have weighed in on CXT shares. DA Davidson lowered their price objective on Crane NXT from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Northland Securities lowered shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 target price on the stock. in a research report on Tuesday, February 18th. Northland Capmk downgraded shares of Crane NXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, UBS Group reduced their price objective on shares of Crane NXT from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CXT. Barclays PLC increased its position in shares of Crane NXT by 45.3% during the 3rd quarter. Barclays PLC now owns 37,663 shares of the company's stock worth $2,113,000 after purchasing an additional 11,734 shares in the last quarter. Norges Bank acquired a new position in Crane NXT in the fourth quarter valued at about $26,754,000. Sei Investments Co. grew its stake in Crane NXT by 15.0% during the fourth quarter. Sei Investments Co. now owns 143,307 shares of the company's stock worth $8,343,000 after buying an additional 18,735 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Crane NXT by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 460,143 shares of the company's stock worth $26,790,000 after buying an additional 15,280 shares in the last quarter. Finally, Amundi acquired a new stake in shares of Crane NXT during the fourth quarter worth approximately $486,000. Institutional investors own 77.49% of the company's stock.

Crane NXT Price Performance

Shares of CXT opened at $54.10 on Friday. The firm has a 50-day simple moving average of $49.36 and a two-hundred day simple moving average of $55.71. The stock has a market cap of $3.10 billion, a PE ratio of 16.96 and a beta of 1.27. Crane NXT has a 1-year low of $41.54 and a 1-year high of $67.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88.

Crane NXT (NYSE:CXT - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The company had revenue of $330.30 million for the quarter, compared to analyst estimates of $318.46 million. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 EPS. As a group, analysts forecast that Crane NXT will post 4.16 EPS for the current year.

Crane NXT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Friday, May 30th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Friday, May 30th. Crane NXT's dividend payout ratio is presently 23.37%.

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.

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