Crane NXT (NYSE:CXT) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Crane NXT (NYSE:CXT) from a buy rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

Other analysts have also recently issued research reports about the stock. Weiss Ratings upgraded shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Jefferies Financial Group began coverage on shares of Crane NXT in a report on Tuesday, September 22nd. They issued a “buy” rating and a $60.00 price objective for the company. Robert W. Baird set a $68.00 price objective on shares of Crane NXT in a report on Friday, August 7th. Northland Securities set a $65.00 target price on shares of Crane NXT in a research report on Monday, August 10th. Finally, DA Davidson reaffirmed a “buy” rating and set a $85.00 target price on shares of Crane NXT in a research note on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.83.

Crane NXT Stock Up 3.4%

NYSE CXT opened at $60.59 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.42 and a quick ratio of 1.07. The stock has a market capitalization of $3.49 billion, a PE ratio of 25.04 and a beta of 1.08. Crane NXT has a 1 year low of $35.71 and a 1 year high of $65.56. The business’s 50-day moving average is $51.23 and its 200 day moving average is $47.96.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%. The company had revenue of $493.20 million for the quarter, compared to the consensus estimate of $475.62 million. During the same quarter in the previous year, the business earned $0.97 EPS. Crane NXT’s revenue was up 22.1% compared to the same quarter last year. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Sell-side analysts forecast that Crane NXT will post 4.31 earnings per share for the current year.

Crane NXT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 31st were given a dividend of $0.18 per share. The ex-dividend date was Monday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.2%. Crane NXT’s payout ratio is currently 29.75%.

Hedge Funds Weigh In On Crane NXT

A number of institutional investors have recently added to or reduced their stakes in the company. CenterBook Partners LP raised its holdings in Crane NXT by 44.7% in the third quarter. CenterBook Partners LP now owns 29,112 shares of the company’s stock worth $1,371,000 after buying an additional 8,995 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Crane NXT in the third quarter worth approximately $403,000. State of Wyoming grew its holdings in shares of Crane NXT by 27.1% during the third quarter. State of Wyoming now owns 3,090 shares of the company’s stock valued at $146,000 after buying an additional 658 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Crane NXT by 0.6% during the third quarter. D.A. Davidson & CO. now owns 95,718 shares of the company’s stock valued at $4,508,000 after buying an additional 594 shares during the last quarter. Finally, Simplicity Wealth LLC grew its holdings in shares of Crane NXT by 89.6% during the third quarter. Simplicity Wealth LLC now owns 21,060 shares of the company’s stock valued at $992,000 after buying an additional 9,950 shares during the last quarter. Institutional investors own 77.49% of the company’s stock.

About Crane NXT

Crane NXT, Co is a technology company that develops solutions for payment acceptance, cash management, currency security and brand protection. The company serves businesses and government organizations that require secure, reliable methods for processing transactions, managing cash and authenticating products and documents.

Its Payment & Merchandising Technologies segment provides payment and cash-handling equipment and software for applications including retail, vending, gaming, transportation and other automated or self-service environments.