Isthmus Partners LLC Invests $1.48 Million in Crane NXT, Co. (NYSE:CXT)

Isthmus Partners LLC acquired a new stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Deutsche Bank AG grew its holdings in shares of Crane NXT by 3.0% in the fourth quarter. Deutsche Bank AG now owns 5,831 shares of the company's stock valued at $339,000 after purchasing an additional 168 shares in the last quarter. Covestor Ltd grew its holdings 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 purchasing an additional 206 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Crane NXT by 1.2% in the fourth quarter. Corient Private Wealth LLC now owns 21,139 shares of the company's stock valued at $1,231,000 after purchasing an additional 254 shares in the last quarter. Fifth Third Bancorp grew its holdings 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 purchasing an additional 256 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings 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 purchasing an additional 327 shares in the last quarter. Institutional investors own 77.49% of the company's stock.

Analysts Set New Price Targets

CXT has been the subject of a number of recent research reports. DA Davidson cut their target price on shares of Crane NXT from $100.00 to $85.00 and set a "buy" rating for the company in a report on Friday, May 9th. UBS Group dropped 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. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Crane NXT has an average rating of "Moderate Buy" and an average price target of $73.75.

Crane NXT Trading Down 1.1%

NYSE CXT traded down $0.67 on Friday, hitting $58.63. 253,504 shares of the stock were exchanged, compared to its average volume of 406,649. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.92 and a current ratio of 1.20. The stock has a fifty day moving average price of $54.37 and a two-hundred day moving average price of $54.90. The firm has a market capitalization of $3.36 billion, a P/E ratio of 20.15 and a beta of 1.29. Crane NXT, Co. has a 52-week low of $41.54 and a 52-week high of $67.01.

Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $330.30 million during the quarter, compared to analyst estimates of $318.46 million. Crane NXT had a net margin of 11.17% and a return on equity of 21.58%. Crane NXT's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 earnings per share. Research analysts forecast that Crane NXT, Co. 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. Stockholders of record on Friday, May 30th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.16%. Crane NXT's dividend payout ratio (DPR) is 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.