CW Advisors LLC Increases Holdings in Crane NXT, Co. $CXT

CW Advisors LLC grew its holdings in Crane NXT, Co. (NYSE:CXT) by 44.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 164,414 shares of the company’s stock after buying an additional 50,612 shares during the quarter. CW Advisors LLC owned approximately 0.29% of Crane NXT worth $8,862,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CXT. AlphaQuest LLC bought a new position in shares of Crane NXT during the second quarter valued at approximately $25,000. Jones Financial Companies Lllp increased 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 purchasing an additional 391 shares during the period. Hantz Financial Services Inc. raised its holdings in Crane NXT by 9,087.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 735 shares of the company’s stock worth $40,000 after purchasing an additional 727 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Crane NXT by 14.1% in the 2nd quarter. GAMMA Investing LLC now owns 2,974 shares of the company’s stock worth $160,000 after purchasing an additional 368 shares during the period. Finally, JB Capital LLC bought a new stake in shares of Crane NXT during the 2nd quarter valued at about $204,000. 77.49% of the stock is currently owned by institutional investors.

Crane NXT Stock Performance

Crane NXT stock opened at $58.37 on Friday. Crane NXT, Co. has a twelve month low of $41.54 and a twelve month high of $69.00. The company has a quick ratio of 0.94, a current ratio of 1.26 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.35 billion, a P/E ratio of 21.78 and a beta of 1.18. The stock’s 50 day moving average is $62.54 and its 200 day moving average is $59.31.

Crane NXT (NYSE:CXT) last released its earnings results on Wednesday, June 1st. The company reported $1.81 EPS for the quarter. Crane NXT had a return on equity of 20.24% and a net margin of 9.80%.The business had revenue of $871.50 million for the quarter. On average, equities research analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 28th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 28th. Crane NXT’s dividend payout ratio is 25.37%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CXT. DA Davidson reissued a “buy” rating and issued a $85.00 price target on shares of Crane NXT in a research note on Tuesday, September 23rd. Oppenheimer upped their target price on Crane NXT from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Crane NXT in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Crane NXT presently has a consensus rating of “Hold” and an average target price of $74.25.

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.