Crane NXT, Co. (NYSE:CXT) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Crane NXT, Co. (NYSE:CXT) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $65.40.

CXT has been the subject of several recent analyst reports. Zacks Research upgraded shares of Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. Oppenheimer reduced their price target on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, April 15th. Weiss Ratings downgraded shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Robert W. Baird set a $67.00 price objective on shares of Crane NXT in a research note on Friday, May 8th. Finally, Northland Securities upgraded shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price objective on the stock in a research report on Friday, May 15th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC lifted its holdings in shares of Crane NXT by 6.3% during the third quarter. CIBC Private Wealth Group LLC now owns 3,472 shares of the company’s stock valued at $233,000 after acquiring an additional 206 shares during the period. California State Teachers Retirement System grew its holdings in shares of Crane NXT by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 44,954 shares of the company’s stock worth $2,423,000 after purchasing an additional 271 shares during the last quarter. Madison Asset Management LLC grew its holdings in shares of Crane NXT by 0.6% in the 4th quarter. Madison Asset Management LLC now owns 45,289 shares of the company’s stock worth $2,132,000 after purchasing an additional 290 shares during the last quarter. Creative Planning increased its position in shares of Crane NXT by 2.9% during the 3rd quarter. Creative Planning now owns 13,472 shares of the company’s stock worth $904,000 after purchasing an additional 384 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its position in shares of Crane NXT by 7.7% during the 4th quarter. Kestra Advisory Services LLC now owns 5,407 shares of the company’s stock worth $254,000 after purchasing an additional 386 shares in the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

Crane NXT Trading Up 1.7%

Shares of Crane NXT stock traded up $0.83 on Friday, reaching $50.78. 541,981 shares of the company were exchanged, compared to its average volume of 1,259,633. Crane NXT has a fifty-two week low of $35.71 and a fifty-two week high of $69.00. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 22.67 and a beta of 1.10. The company has a current ratio of 1.33, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The stock has a fifty day moving average price of $43.48 and a 200-day moving average price of $46.08.

Crane NXT (NYSE:CXT) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $387.70 million during the quarter, compared to analyst estimates of $378.63 million. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.Crane NXT’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. On average, analysts expect that Crane NXT will post 4.23 EPS for the current year.

Crane NXT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Sunday, May 31st were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 29th. Crane NXT’s dividend payout ratio (DPR) is 32.14%.

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. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.