Crane NXT (NYSE:CXT) Sets New 1-Year Low – Time to Sell?

Crane NXT, Co. (NYSE:CXT) hit a new 52-week low on Thursday . The company traded as low as $51.69 and last traded at $51.90, with a volume of 4070 shares. The stock had previously closed at $52.31.

Analyst Ratings Changes

CXT has been the topic of a number of research reports. Northland Capmk lowered shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Northland Securities cut shares of Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 price target on the stock. in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.33.

Crane NXT Trading Up 0.6 %

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14. The firm has a fifty day moving average price of $58.67 and a 200 day moving average price of $58.17. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 16.49 and a beta of 1.32.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.01. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. As a group, equities analysts predict that Crane NXT, Co. will post 4.16 EPS for the current fiscal year.

Crane NXT Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Crane NXT’s previous quarterly dividend of $0.16. Crane NXT’s payout ratio is 21.32%.

Institutional Trading of Crane NXT

A number of hedge funds have recently made changes to their positions in the business. Park Square Financial Group LLC bought a new stake in Crane NXT in the 4th quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Crane NXT in the third quarter valued at about $32,000. Fifth Third Bancorp lifted its stake in shares of Crane NXT by 98.6% during the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock worth $32,000 after buying an additional 276 shares during the last quarter. Quarry LP bought a new stake in shares of Crane NXT during the 4th quarter worth about $42,000. Finally, Covestor Ltd boosted its holdings in shares of Crane NXT by 38.6% during the 4th quarter. Covestor Ltd now owns 739 shares of the company’s stock worth $43,000 after buying an additional 206 shares during the period. 77.49% of the stock is owned by institutional investors and hedge funds.

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.