Crane NXT, Co. (NYSE:CXT) Shares Bought by Venture Visionary Partners LLC

Venture Visionary Partners LLC increased its holdings in Crane NXT, Co. (NYSE:CXT) by 3.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,129 shares of the company’s stock after buying an additional 2,500 shares during the quarter. Venture Visionary Partners LLC’s holdings in Crane NXT were worth $3,766,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Kirr Marbach & Co. LLC IN boosted its position in Crane NXT by 64.1% during the 3rd quarter. Kirr Marbach & Co. LLC IN now owns 95,281 shares of the company’s stock worth $5,345,000 after acquiring an additional 37,233 shares during the period. nVerses Capital LLC acquired a new stake in Crane NXT in the third quarter worth about $45,000. BOS Asset Management LLC grew its position in Crane NXT by 35.5% in the 3rd quarter. BOS Asset Management LLC now owns 14,498 shares of the company’s stock valued at $813,000 after buying an additional 3,801 shares in the last quarter. NBC Securities Inc. increased its stake in Crane NXT by 25.8% during the 3rd quarter. NBC Securities Inc. now owns 5,466 shares of the company’s stock valued at $306,000 after buying an additional 1,122 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Crane NXT during the 3rd quarter worth about $2,335,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Trading Down 2.3 %

NYSE CXT traded down $1.36 on Monday, hitting $56.85. 484,422 shares of the company were exchanged, compared to its average volume of 346,996. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.20 and a quick ratio of 0.87. Crane NXT, Co. has a twelve month low of $48.42 and a twelve month high of $64.80. The firm has a market capitalization of $3.25 billion, a P/E ratio of 18.23 and a beta of 1.32. The company’s 50 day moving average price is $56.80 and its 200-day moving average price is $59.27.

Crane NXT (NYSE:CXT) last announced its earnings results on Wednesday, August 7th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.02. The company had revenue of $370.60 million for the quarter, compared to the consensus estimate of $367.08 million. Crane NXT had a net margin of 12.97% and a return on equity of 24.25%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 EPS. Analysts predict that Crane NXT, Co. will post 4.28 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Friday, August 30th. Crane NXT’s dividend payout ratio (DPR) is currently 20.19%.

Analyst Upgrades and Downgrades

CXT has been the subject of several recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $100.00 price objective on shares of Crane NXT in a report on Monday, September 30th. Northland Securities lowered their price target on Crane NXT from $96.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, October 7th. Robert W. Baird started coverage on Crane NXT in a report on Thursday. They issued an “outperform” rating and a $77.00 price objective for the company. Finally, Baird R W raised shares of Crane NXT to a “strong-buy” rating in a report on Thursday.

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.