CreativeOne Wealth LLC Purchases 469 Shares of Crane NXT, Co. (NYSE:CXT)

CreativeOne Wealth LLC boosted its holdings in Crane NXT, Co. (NYSE:CXT) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,011 shares of the company’s stock after purchasing an additional 469 shares during the period. CreativeOne Wealth LLC’s holdings in Crane NXT were worth $449,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its position in Crane NXT by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,644 shares of the company’s stock valued at $1,650,000 after buying an additional 1,407 shares during the period. Tidal Investments LLC grew its position in shares of Crane NXT by 22.4% during the 1st quarter. Tidal Investments LLC now owns 6,383 shares of the company’s stock valued at $395,000 after acquiring an additional 1,170 shares during the period. Cetera Advisors LLC bought a new stake in shares of Crane NXT in the 1st quarter worth approximately $244,000. GAMMA Investing LLC raised its holdings in shares of Crane NXT by 9.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,187 shares of the company’s stock worth $134,000 after purchasing an additional 195 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its stake in Crane NXT by 2.5% in the second quarter. Linden Thomas Advisory Services LLC now owns 19,086 shares of the company’s stock valued at $1,172,000 after purchasing an additional 465 shares during the last quarter. Institutional investors own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

CXT has been the subject of several recent research reports. Northland Securities decreased their price objective on Crane NXT from $96.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, October 7th. Robert W. Baird increased their price objective on Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Baird R W raised Crane NXT to a “strong-buy” rating in a report on Thursday, October 17th. Finally, DA Davidson reissued a “buy” rating and issued a $100.00 price target on shares of Crane NXT in a report on Monday, September 30th.

Crane NXT Trading Down 0.1 %

Shares of CXT stock opened at $62.68 on Monday. Crane NXT, Co. has a 52-week low of $50.31 and a 52-week high of $64.80. The business’s fifty day moving average is $56.55 and its 200 day moving average is $58.40. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.38. The company has a market capitalization of $3.58 billion, a PE ratio of 20.55 and a beta of 1.33.

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

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders 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 dividend yield of 1.02%. The ex-dividend date is Friday, November 29th. Crane NXT’s dividend payout ratio (DPR) is currently 20.98%.

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.