Crane NXT, Co. (NYSE:CXT) Given Average Rating of “Hold” by Brokerages

Shares of Crane NXT, Co. (NYSE:CXT) have earned an average recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $75.80.

Several brokerages have issued reports on CXT. Robert W. Baird cut their price objective on Crane NXT from $88.00 to $82.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. DA Davidson reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Crane NXT in a report on Tuesday, September 23rd. CJS Securities upgraded shares of Crane NXT to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Crane NXT in a research note on Wednesday, October 8th. Finally, Oppenheimer increased their price target on Crane NXT from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Park Avenue Securities LLC acquired a new stake in Crane NXT during the 2nd quarter worth about $647,000. Personal CFO Solutions LLC purchased a new stake in shares of Crane NXT in the second quarter worth approximately $252,000. AGF Management Ltd. boosted its holdings in shares of Crane NXT by 20.1% during the second quarter. AGF Management Ltd. now owns 56,592 shares of the company’s stock worth $3,050,000 after purchasing an additional 9,482 shares during the period. CW Advisors LLC boosted its holdings in shares of Crane NXT by 44.5% during the second quarter. CW Advisors LLC now owns 164,414 shares of the company’s stock worth $8,862,000 after purchasing an additional 50,612 shares during the period. Finally, Level Four Advisory Services LLC grew its position in Crane NXT by 16.7% during the second quarter. Level Four Advisory Services LLC now owns 31,187 shares of the company’s stock valued at $1,681,000 after purchasing an additional 4,467 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Price Performance

Shares of NYSE CXT opened at $52.16 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.26 and a debt-to-equity ratio of 0.69. Crane NXT has a fifty-two week low of $41.54 and a fifty-two week high of $69.00. The business has a 50 day moving average price of $52.83 and a two-hundred day moving average price of $58.44. The firm has a market cap of $3.00 billion, a PE ratio of 19.46 and a beta of 1.18.

Crane NXT (NYSE:CXT) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.03. The firm had revenue of $445.10 million for the quarter, compared to analysts’ expectations of $431.38 million. Crane NXT had a net margin of 9.80% and a return on equity of 20.24%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.16 earnings per share. Crane NXT has set its FY 2025 guidance at 4.000-4.100 EPS. Sell-side analysts expect that Crane NXT will post 4.16 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 28th were given a $0.17 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.68 annualized dividend and a yield of 1.3%. Crane NXT’s dividend payout ratio is 25.37%.

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. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.