Register Financial Advisors LLC Raises Stock Position in Crane NXT, Co. (NYSE:CXT)

Register Financial Advisors LLC increased its stake in Crane NXT, Co. (NYSE:CXT) by 25.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,311 shares of the company’s stock after acquiring an additional 1,505 shares during the period. Register Financial Advisors LLC’s holdings in Crane NXT were worth $426,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Crane NXT during the 3rd quarter worth $32,000. Fifth Third Bancorp boosted its holdings in shares of Crane NXT by 98.6% in the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock valued at $32,000 after buying an additional 276 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Crane NXT in the 3rd quarter valued at $45,000. GAMMA Investing LLC raised its stake in Crane NXT by 17.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,567 shares of the company’s stock worth $144,000 after acquiring an additional 380 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Crane NXT during the third quarter worth about $181,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analyst Ratings Changes

CXT has been the topic of a number of recent research reports. Northland Securities reduced their price target on shares of Crane NXT from $96.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, October 7th. Baird R W raised shares of Crane NXT to a “strong-buy” rating in a report on Thursday, October 17th. Robert W. Baird lifted 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. Finally, DA Davidson reaffirmed a “buy” rating and set a $100.00 price objective on shares of Crane NXT in a report on Monday, September 30th.

Crane NXT Stock Performance

Shares of CXT stock opened at $63.74 on Monday. Crane NXT, Co. has a 1 year low of $52.89 and a 1 year high of $67.00. The stock has a market cap of $3.64 billion, a PE ratio of 20.90 and a beta of 1.35. The stock has a fifty day moving average price of $60.69 and a 200 day moving average price of $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.

Crane NXT (NYSE:CXT) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.02. The firm 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 firm’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 EPS. Sell-side analysts forecast that Crane NXT, Co. will post 4.26 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Friday, November 29th. Crane NXT’s dividend payout ratio (DPR) is presently 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.