Analysts Set Crane NXT, Co. (NYSE:CXT) Target Price at $73.75

Shares of Crane NXT, Co. (NYSE:CXT) have been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $73.75.

CXT has been the subject of several research analyst reports. DA Davidson reiterated a “buy” rating and set a $85.00 target price on shares of Crane NXT in a research report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Crane NXT in a research report on Wednesday, October 8th.

Crane NXT Trading Down 3.6%

Shares of CXT stock opened at $65.61 on Friday. 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 has a 52-week low of $41.54 and a 52-week high of $69.00. The company has a market capitalization of $3.77 billion, a PE ratio of 25.04 and a beta of 1.36. The business’s fifty day moving average is $61.56 and its 200 day moving average is $55.72.

Crane NXT (NYSE:CXT) last announced its earnings results on Wednesday, June 1st. The company reported $1.81 earnings per share (EPS) for the quarter. Crane NXT had a net margin of 9.84% and a return on equity of 20.22%. The business had revenue of $871.50 million during the quarter. On average, equities research analysts anticipate that Crane NXT will post 4.16 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. Crane NXT’s dividend payout ratio (DPR) is 25.95%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Fifth Third Bancorp raised its stake in shares of Crane NXT by 46.0% during 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. Park Avenue Securities LLC purchased a new position in shares of Crane NXT during the second quarter worth approximately $647,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Crane NXT by 46.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,543 shares of the company’s stock worth $381,000 after acquiring an additional 2,074 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Crane NXT by 87.2% during the first quarter. UMB Bank n.a. now owns 702 shares of the company’s stock worth $36,000 after acquiring an additional 327 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Crane NXT by 18.9% during the first quarter. LPL Financial LLC now owns 60,611 shares of the company’s stock worth $3,115,000 after acquiring an additional 9,617 shares in the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

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.