Isthmus Partners LLC Purchases Shares of 28,789 Crane NXT, Co. (NYSE:CXT)

Isthmus Partners LLC acquired a new stake in Crane NXT, Co. (NYSE:CXT - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 28,789 shares of the company's stock, valued at approximately $1,480,000. Isthmus Partners LLC owned about 0.05% of Crane NXT as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CXT. Capital International Investors increased its holdings in shares of Crane NXT by 79.3% during 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. Silvercrest Asset Management Group LLC raised its position in Crane NXT by 95.6% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,021,474 shares of the company's stock valued at $59,470,000 after acquiring an additional 499,290 shares in the last quarter. Norges Bank acquired a new position in shares of Crane NXT during the 4th quarter worth $26,754,000. Conestoga Capital Advisors LLC increased its stake in shares of Crane NXT by 83.5% during the 1st quarter. Conestoga Capital Advisors LLC now owns 993,154 shares of the company's stock worth $51,048,000 after purchasing an additional 451,814 shares during the last quarter. Finally, FMR LLC raised its position 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. 77.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. DA Davidson lowered their price objective on shares of 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 reduced their target price on shares of Crane NXT from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $73.75.

Crane NXT Trading Up 0.3%

Shares of CXT stock traded up $0.19 on Wednesday, reaching $56.49. The company had a trading volume of 254,983 shares, compared to its average volume of 404,655. The company has a current ratio of 1.20, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The stock has a market cap of $3.24 billion, a PE ratio of 19.41 and a beta of 1.29. The company has a 50-day moving average of $54.90 and a 200-day moving average of $54.90. Crane NXT, Co. has a 12 month low of $41.54 and a 12 month high of $67.01.

Crane NXT (NYSE:CXT - Get Free Report) last posted 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. Crane NXT had a return on equity of 21.58% and a net margin of 11.17%. The business had revenue of $330.30 million during the quarter, compared to analysts' expectations of $318.46 million. During the same period in the prior year, the business earned $0.85 EPS. Crane NXT's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities analysts forecast that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Friday, May 30th. Crane NXT's payout ratio is presently 23.37%.

Crane NXT 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.