Prudent Man Advisors LLC Has $597,000 Stake in Crane NXT, Co. (NYSE:CXT)

Prudent Man Advisors LLC increased its holdings in Crane NXT, Co. (NYSE:CXT) by 27.8% in the 3rd quarter, Holdings Channel reports. The fund owned 10,646 shares of the company’s stock after purchasing an additional 2,319 shares during the period. Prudent Man Advisors LLC’s holdings in Crane NXT were worth $597,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. LRI Investments LLC purchased a new position in Crane NXT during the first quarter valued at approximately $38,000. nVerses Capital LLC acquired a new position in Crane NXT in the 3rd quarter worth about $45,000. Hobbs Group Advisors LLC purchased a new stake in shares of Crane NXT during the 2nd quarter worth about $52,000. Blue Trust Inc. grew its stake in shares of Crane NXT by 27.8% in the 2nd quarter. Blue Trust Inc. now owns 942 shares of the company’s stock valued at $58,000 after buying an additional 205 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Crane NXT by 16.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock worth $116,000 after buying an additional 265 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Price Performance

NYSE CXT opened at $55.49 on Monday. The stock has a 50-day simple moving average of $56.04 and a 200 day simple moving average of $58.45. Crane NXT, Co. has a twelve month low of $50.31 and a twelve month high of $64.80. The stock has a market capitalization of $3.17 billion, a PE ratio of 18.19 and a beta of 1.33. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.38.

Crane NXT (NYSE:CXT) last announced its earnings results on Wednesday, November 6th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. Crane NXT had a net margin of 12.18% and a return on equity of 23.46%. The business had revenue of $403.50 million for the quarter, compared to analyst estimates of $392.44 million. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Crane NXT’s revenue was up 14.3% compared to the same quarter last year. Research analysts anticipate that Crane NXT, Co. will post 4.26 EPS for the current year.

Crane NXT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Friday, November 29th. Crane NXT’s payout ratio is presently 20.98%.

Analyst Upgrades and Downgrades

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

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.