Linden Thomas Advisory Services LLC Boosts Holdings in Crane NXT, Co. $CXT

Key Points

• Linden Thomas Advisory Services LLC increased its stake in Crane NXT by 29.8% during the second quarter, owning a total of 28,844 shares valued at approximately $1,555,000.
• Crane NXT reported $1.81 EPS with a net margin of 9.84% for its latest quarter and announced a quarterly dividend of $0.17 per share, yielding 1.0% annually.
• Analysts show a mixed outlook with Oppenheimer raising its price target to $80.00 while the consensus price target among analysts currently stands at $75.00.

Linden Thomas Advisory Services LLC boosted its holdings in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 29.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,844 shares of the company's stock after acquiring an additional 6,626 shares during the period. Linden Thomas Advisory Services LLC owned 0.05% of Crane NXT worth $1,555,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AlphaQuest LLC purchased a new position in Crane NXT during the 2nd quarter valued at about $25,000. Jones Financial Companies Lllp lifted its position in Crane NXT by 120.3% during the 1st quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock valued at $37,000 after acquiring an additional 391 shares during the period. Wayfinding Financial LLC purchased a new position in Crane NXT during the 1st quarter valued at about $44,000. Financial Harvest LLC purchased a new position in Crane NXT during the 1st quarter valued at about $139,000. Finally, GAMMA Investing LLC lifted its position in Crane NXT by 14.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,974 shares of the company's stock valued at $160,000 after acquiring an additional 368 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Stock Performance

Shares of CXT stock opened at $66.14 on Friday. The company has a 50 day moving average price of $63.12 and a 200-day moving average price of $57.00. Crane NXT, Co. has a 52 week low of $41.54 and a 52 week high of $69.00. The firm has a market capitalization of $3.80 billion, a PE ratio of 25.24 and a beta of 1.36. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.73.

Crane NXT (NYSE:CXT - Get Free Report) last announced its quarterly earnings results on Wednesday, June 1st. The company reported $1.81 EPS for the quarter. Crane NXT had a net margin of 9.84% and a return on equity of 20.22%. The firm had revenue of $871.50 million during the quarter. As a group, equities research analysts expect that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th were paid a $0.17 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Crane NXT's payout ratio is currently 25.95%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Oppenheimer lifted their price target on shares of Crane NXT from $70.00 to $80.00 and gave the company an "outperform" rating in a research report on Wednesday, October 15th. Weiss Ratings reissued a "hold (c+)" rating on shares of Crane NXT in a research report on Friday. Finally, DA Davidson reissued a "buy" rating and set a $85.00 price target on shares of Crane NXT in a research report on Tuesday, September 23rd. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $75.00.

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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