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

Crane NXT, Co. (NYSE:CXT) has earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $65.40.

A number of research firms have recently issued reports on CXT. Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Robert W. Baird set a $67.00 target price on Crane NXT in a report on Friday, May 8th. DA Davidson reaffirmed a “buy” rating and issued a $85.00 target price on shares of Crane NXT in a report on Tuesday, February 17th. Northland Securities raised Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a report on Friday, May 15th. Finally, Oppenheimer decreased their target price on Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, April 15th.

Institutional Investors Weigh In On Crane NXT

Large investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in Crane NXT by 141.6% in the third quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock worth $25,000 after acquiring an additional 228 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Crane NXT in the third quarter worth about $31,000. Aster Capital Management DIFC Ltd purchased a new position in Crane NXT in the third quarter worth about $33,000. Camelot Portfolios LLC purchased a new position in Crane NXT in the fourth quarter worth about $25,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Crane NXT by 4,458.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock worth $26,000 after acquiring an additional 535 shares in the last quarter. 77.49% of the stock is owned by institutional investors.

Crane NXT Stock Up 1.2%

Shares of Crane NXT stock opened at $43.01 on Wednesday. The firm has a market cap of $2.47 billion, a PE ratio of 19.20 and a beta of 1.15. Crane NXT has a 52-week low of $35.71 and a 52-week high of $69.00. The business’s 50 day simple moving average is $41.81 and its 200 day simple moving average is $46.63. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.33.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The company had revenue of $387.70 million for the quarter, compared to analyst estimates of $378.63 million. During the same period in the previous year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. On average, analysts predict that Crane NXT will post 4.22 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Sunday, May 31st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, May 29th. Crane NXT’s payout ratio 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.