EP Wealth Advisors LLC Has $241,000 Position in Crane NXT, Co. $CXT

EP Wealth Advisors LLC grew its position in Crane NXT, Co. (NYSE:CXT) by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,682 shares of the company’s stock after purchasing an additional 346 shares during the period. EP Wealth Advisors LLC’s holdings in Crane NXT were worth $241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CXT. Park Square Financial Group LLC bought a new stake in shares of Crane NXT in the 4th quarter valued at $26,000. UMB Bank n.a. grew its stake in 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 acquiring an additional 327 shares during the period. Fifth Third Bancorp increased 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 worth $42,000 after acquiring an additional 256 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Crane NXT during the first quarter worth about $44,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Crane NXT during the fourth quarter worth about $83,000. 77.49% of the stock is owned by institutional investors.

Crane NXT Stock Down 1.4%

Shares of Crane NXT stock opened at $60.76 on Wednesday. The firm has a market cap of $3.49 billion, a PE ratio of 23.19 and a beta of 1.37. The business’s 50 day simple moving average is $59.13 and its 200 day simple moving average is $54.30. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.89 and a current ratio of 1.20. Crane NXT, Co. has a 52-week low of $41.54 and a 52-week high of $67.00.

Crane NXT (NYSE:CXT) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. Crane NXT had a return on equity of 20.22% and a net margin of 9.84%.The firm had revenue of $404.40 million during the quarter, compared to the consensus estimate of $382.79 million. On average, analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 29th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. Crane NXT’s dividend payout ratio (DPR) is 25.95%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CXT. DA Davidson reiterated a “buy” rating and issued a $85.00 price objective on shares of Crane NXT in a research report on Monday, August 18th. UBS Group reduced their price target on shares of Crane NXT from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.75.

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.