5,253 Shares in Crane NXT, Co. (NYSE:CXT) Bought by MQS Management LLC

MQS Management LLC bought a new stake in Crane NXT, Co. (NYSE:CXT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,253 shares of the company’s stock, valued at approximately $295,000.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Crane NXT by 9.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,187 shares of the company’s stock valued at $134,000 after purchasing an additional 195 shares in the last quarter. Blue Trust Inc. raised its holdings in Crane NXT by 27.8% during the 2nd quarter. Blue Trust Inc. now owns 942 shares of the company’s stock worth $58,000 after buying an additional 205 shares during the period. Atria Investments Inc lifted its stake in Crane NXT by 6.0% in the third quarter. Atria Investments Inc now owns 3,700 shares of the company’s stock valued at $208,000 after buying an additional 208 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Crane NXT by 16.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock valued at $116,000 after buying an additional 265 shares during the period. Finally, Arizona State Retirement System increased its position in shares of Crane NXT by 2.1% during the second quarter. Arizona State Retirement System now owns 13,548 shares of the company’s stock worth $832,000 after acquiring an additional 279 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CXT. Northland Securities reduced their target price on shares of Crane NXT from $96.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, October 7th. Baird R W raised Crane NXT to a “strong-buy” rating in a research report on Thursday, October 17th. Robert W. Baird lifted their target price on Crane NXT from $77.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, DA Davidson restated a “buy” rating and issued a $100.00 target price on shares of Crane NXT in a research note on Monday, September 30th.

Crane NXT Trading Down 0.6 %

Crane NXT stock opened at $55.29 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 1.01. The firm has a 50-day moving average of $56.04 and a 200-day moving average of $58.53. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 18.13 and a beta of 1.33. Crane NXT, Co. has a one year low of $50.31 and a one year high of $64.80.

Crane NXT (NYSE:CXT) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.02. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The firm had revenue of $403.50 million during the quarter, compared to the consensus estimate of $392.44 million. During the same period last year, the company earned $1.09 earnings per share. The business’s revenue was up 14.3% compared to the same quarter last year. On average, equities analysts expect that Crane NXT, Co. will post 4.26 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, November 29th. Crane NXT’s dividend payout ratio (DPR) is currently 20.98%.

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.