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

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

CXT has been the subject of a number of analyst reports. DA Davidson decreased their price objective on Crane NXT from $100.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, May 9th. UBS Group decreased their price objective on Crane NXT from $62.00 to $60.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th.

Crane NXT Trading Up 1.5%

Shares of NYSE CXT opened at $59.35 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.20 and a quick ratio of 0.92. The stock has a market capitalization of $3.40 billion, a P/E ratio of 20.40 and a beta of 1.29. Crane NXT has a 1-year low of $41.54 and a 1-year high of $67.00. The business has a fifty day moving average price of $55.44 and a 200 day moving average price of $54.81.

Crane NXT (NYSE:CXT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The firm had revenue of $330.30 million during the quarter, compared to analysts' expectations of $318.46 million. Crane NXT had a return on equity of 21.58% and a net margin of 11.17%. 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 posted $0.85 EPS. Equities research analysts expect that Crane NXT will post 4.16 EPS for the current fiscal year.

Crane NXT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Friday, May 30th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, May 30th. Crane NXT's dividend payout ratio is currently 23.37%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of Crane NXT by 4.1% in the fourth quarter. FMR LLC now owns 8,576,731 shares of the company's stock valued at $499,337,000 after purchasing an additional 336,765 shares during the period. Vanguard Group Inc. increased its holdings in shares of Crane NXT by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 5,930,995 shares of the company's stock valued at $345,303,000 after purchasing an additional 66,800 shares during the period. Wellington Management Group LLP increased its holdings in shares of Crane NXT by 16.2% in the first quarter. Wellington Management Group LLP now owns 3,668,953 shares of the company's stock valued at $188,584,000 after purchasing an additional 512,813 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Crane NXT by 13.4% in the first quarter. Victory Capital Management Inc. now owns 1,367,931 shares of the company's stock valued at $70,312,000 after purchasing an additional 161,417 shares during the period. Finally, Capital International Investors increased its holdings in shares of Crane NXT by 79.3% in the fourth quarter. Capital International Investors now owns 1,351,044 shares of the company's stock valued at $78,658,000 after purchasing an additional 597,537 shares during the period. 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.

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