Crane NXT, Co. (NYSE:CXT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Crane NXT, Co. (NYSE:CXT) has been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $75.80.

Several brokerages have weighed in on CXT. Zacks Research downgraded Crane NXT from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Crane NXT in a report on Wednesday. Robert W. Baird decreased their price target on Crane NXT from $88.00 to $82.00 and set an “outperform” rating for the company in a report on Monday, December 15th. CJS Securities upgraded Crane NXT to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Oppenheimer lifted their target price on shares of Crane NXT from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th.

Hedge Funds Weigh In On Crane NXT

A number of hedge funds have recently bought and sold shares of CXT. US Bancorp DE increased its position in shares of Crane NXT by 2.0% in the third quarter. US Bancorp DE now owns 8,445 shares of the company’s stock valued at $566,000 after buying an additional 169 shares in the last quarter. Whittier Trust Co. raised its position in Crane NXT by 8.5% during the third quarter. Whittier Trust Co. now owns 2,170 shares of the company’s stock worth $144,000 after acquiring an additional 170 shares during the period. State Board of Administration of Florida Retirement System raised its position in Crane NXT by 0.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 50,304 shares of the company’s stock worth $2,711,000 after acquiring an additional 190 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in 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 purchasing an additional 206 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Crane NXT by 141.6% in the third quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock valued at $25,000 after purchasing an additional 228 shares during the period. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Crane NXT Stock Performance

Shares of CXT opened at $51.03 on Friday. The stock has a 50-day moving average of $51.91 and a two-hundred day moving average of $58.28. The stock has a market cap of $2.93 billion, a P/E ratio of 19.04 and a beta of 1.18. Crane NXT has a one year low of $41.54 and a one year high of $69.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.94 and a current ratio of 1.26.

Crane NXT (NYSE:CXT) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.03. The company had revenue of $445.10 million for the quarter, compared to the consensus estimate of $431.38 million. Crane NXT had a net margin of 9.80% and a return on equity of 20.24%. Crane NXT’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. Crane NXT has set its FY 2025 guidance at 4.000-4.100 EPS. As a group, research analysts predict that Crane NXT will post 4.16 EPS for the current year.

Crane NXT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 28th were given a dividend of $0.17 per share. The ex-dividend date was Friday, November 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. Crane NXT’s dividend payout ratio (DPR) is 25.37%.

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.