Crane NXT, Co. (NYSE:CXT) Shares Bought by Royce & Associates LP

Royce & Associates LP grew its position in shares of Crane NXT, Co. (NYSE:CXT) by 0.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 277,485 shares of the company’s stock after acquiring an additional 202 shares during the quarter. Royce & Associates LP owned about 0.49% of Crane NXT worth $15,567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CXT. Pacer Advisors Inc. increased its stake in Crane NXT by 93.4% during the second quarter. Pacer Advisors Inc. now owns 1,135,065 shares of the company’s stock worth $69,716,000 after acquiring an additional 548,155 shares during the last quarter. Capital International Investors increased its stake in Crane NXT by 40.0% during the first quarter. Capital International Investors now owns 653,052 shares of the company’s stock worth $40,424,000 after acquiring an additional 186,437 shares during the last quarter. Hsbc Holdings PLC increased its stake in Crane NXT by 97.0% during the second quarter. Hsbc Holdings PLC now owns 247,842 shares of the company’s stock worth $15,222,000 after acquiring an additional 122,056 shares during the last quarter. Congress Asset Management Co. increased its stake in Crane NXT by 18.3% during the third quarter. Congress Asset Management Co. now owns 742,813 shares of the company’s stock worth $41,672,000 after acquiring an additional 114,707 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN acquired a new stake in Crane NXT during the second quarter worth about $3,565,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Price Performance

CXT stock opened at $55.49 on Friday. 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, Co. has a 1 year low of $50.31 and a 1 year high of $64.80. The firm has a market cap of $3.17 billion, a P/E ratio of 18.19 and a beta of 1.33. The stock has a 50-day simple moving average of $56.04 and a 200-day simple moving average of $58.48.

Crane NXT (NYSE:CXT) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.16 earnings per share for the quarter, beating 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 firm had revenue of $403.50 million during the quarter, compared to analyst estimates of $392.44 million. During the same quarter last year, the firm earned $1.09 EPS. Crane NXT’s quarterly revenue was up 14.3% on a year-over-year basis. On average, equities analysts predict that Crane NXT, Co. will post 4.26 earnings per share for the current fiscal year.

Crane NXT Dividend Announcement

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 paid a dividend of $0.16 per share. The ex-dividend date is Friday, November 29th. This represents a $0.64 dividend on an annualized basis and a yield of 1.15%. Crane NXT’s dividend payout ratio (DPR) is presently 20.98%.

Wall Street Analyst Weigh In

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

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.