Centiva Capital LP Purchases Shares of 9,367 Crane NXT, Co. (NYSE:CXT)

Centiva Capital LP purchased a new position in shares of Crane NXT, Co. (NYSE:CXT) during the third quarter, HoldingsChannel reports. The firm purchased 9,367 shares of the company’s stock, valued at approximately $525,000.

Several other institutional investors also recently modified their holdings of the business. FORA Capital LLC bought a new stake in Crane NXT in the third quarter valued at approximately $507,000. SG Americas Securities LLC bought a new stake in shares of Crane NXT in the 2nd quarter valued at $748,000. D.A. Davidson & CO. increased its position in shares of Crane NXT by 20.7% during the third quarter. D.A. Davidson & CO. now owns 156,739 shares of the company’s stock worth $8,793,000 after buying an additional 26,841 shares during the period. Radnor Capital Management LLC acquired a new stake in shares of Crane NXT during the third quarter worth $948,000. Finally, Victory Capital Management Inc. raised its stake in Crane NXT by 2.8% during the third quarter. Victory Capital Management Inc. now owns 1,218,761 shares of the company’s stock worth $68,372,000 after buying an additional 33,664 shares during the last quarter. Institutional investors own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CXT. Northland Securities dropped their price objective on Crane NXT from $96.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, October 7th. Robert W. Baird increased their price target on Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. DA Davidson reaffirmed a “buy” rating and set a $100.00 price objective on shares of Crane NXT in a research report on Monday, September 30th. Finally, Baird R W upgraded shares of Crane NXT to a “strong-buy” rating in a research report on Thursday, October 17th.

Crane NXT Price Performance

Crane NXT stock opened at $60.67 on Friday. Crane NXT, Co. has a 52 week low of $50.31 and a 52 week high of $64.80. The company’s 50 day moving average price is $57.05 and its two-hundred day moving average price is $58.46. The stock has a market cap of $3.47 billion, a P/E ratio of 19.89 and a beta of 1.34. The company has a quick ratio of 1.01, a current ratio of 1.38 and a debt-to-equity ratio of 0.60.

Crane NXT (NYSE:CXT) last released its earnings results on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, topping 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 company had revenue of $403.50 million for the quarter, compared to analysts’ expectations of $392.44 million. During the same period in the previous year, the business posted $1.09 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts predict that Crane NXT, Co. will post 4.26 earnings per share for the current year.

Crane NXT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.05%. The ex-dividend date is Friday, November 29th. Crane NXT’s dividend payout ratio (DPR) is presently 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.