Crane NXT, Co. (NYSE:CXT) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. grew its stake in Crane NXT, Co. (NYSE:CXT - Free Report) by 7.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,396 shares of the company's stock after purchasing an additional 10,125 shares during the period. D.A. Davidson & CO. owned approximately 0.27% of Crane NXT worth $7,987,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Park Square Financial Group LLC purchased a new stake in shares of Crane NXT in the fourth quarter valued at approximately $26,000. UMB Bank n.a. boosted 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 valued at $36,000 after buying an additional 327 shares in the last quarter. Quarry LP purchased a new stake in shares of Crane NXT in the fourth quarter valued at approximately $42,000. Fifth Third Bancorp boosted its stake in shares of Crane NXT by 46.0% in 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 in the last quarter. Finally, Covestor Ltd boosted its stake in shares of Crane NXT by 38.6% in the fourth quarter. Covestor Ltd now owns 739 shares of the company's stock valued at $43,000 after buying an additional 206 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CXT shares. DA Davidson decreased their price target on Crane NXT from $100.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. UBS Group cut their price target 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. 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's stock. According to data from MarketBeat, Crane NXT presently has an average rating of "Moderate Buy" and a consensus target price of $73.75.

Crane NXT Price Performance

Shares of NYSE CXT traded up $1.32 during trading on Tuesday, reaching $56.71. The company had a trading volume of 303,713 shares, compared to its average volume of 408,263. Crane NXT, Co. has a twelve month low of $41.54 and a twelve month high of $67.01. The stock has a market capitalization of $3.25 billion, a PE ratio of 19.49 and a beta of 1.29. The stock has a 50-day moving average price of $53.70 and a two-hundred day moving average price of $54.88. The company has a current ratio of 1.20, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49.

Crane NXT (NYSE:CXT - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Crane NXT had a net margin of 11.17% and a return on equity of 21.58%. The company had revenue of $330.30 million for the quarter, compared to analysts' expectations of $318.46 million. During the same period last year, the company earned $0.85 EPS. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, sell-side analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current 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 paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.68 annualized dividend and a yield of 1.20%. Crane NXT's payout ratio is currently 23.37%.

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.