Crane NXT, Co. (NYSE:CXT) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in Crane NXT, Co. (NYSE:CXT) by 20.7% during the 3rd quarter, Holdings Channel reports. The fund owned 156,739 shares of the company’s stock after acquiring an additional 26,841 shares during the quarter. D.A. Davidson & CO.’s holdings in Crane NXT were worth $8,793,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position 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 valued at $134,000 after purchasing an additional 195 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Crane NXT by 27.8% during the second quarter. Blue Trust Inc. now owns 942 shares of the company’s stock worth $58,000 after purchasing an additional 205 shares in the last quarter. Atria Investments Inc raised 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. Oppenheimer Asset Management Inc. lifted its holdings in Crane NXT by 1.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 12,923 shares of the company’s stock worth $725,000 after buying an additional 245 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Crane NXT by 16.3% during the 2nd 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. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

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

Crane NXT Stock Up 1.7 %

Shares of NYSE CXT opened at $63.24 on Wednesday. The stock has a market cap of $3.62 billion, a PE ratio of 20.73 and a beta of 1.33. Crane NXT, Co. has a 52-week low of $50.31 and a 52-week high of $64.80. The business has a 50-day moving average price of $56.22 and a 200 day moving average price of $58.32. 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 announced its earnings results on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.02. The business had revenue of $403.50 million for the quarter, compared to analysts’ expectations of $392.44 million. Crane NXT had a net margin of 12.18% and a return on equity of 23.46%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 EPS. Equities research analysts forecast that Crane NXT, Co. will post 4.26 earnings per share for the current year.

Crane NXT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, November 29th. This represents a $0.64 annualized dividend and a dividend yield of 1.01%. Crane NXT’s dividend payout ratio (DPR) is 20.98%.

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.