16,895 Shares in Crane NXT, Co. (NYSE:CXT) Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC purchased a new position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 16,895 shares of the company's stock, valued at approximately $948,000.

Other large investors have also recently made changes to their positions in the company. LRI Investments LLC purchased a new stake in shares of Crane NXT during the first quarter worth approximately $38,000. nVerses Capital LLC purchased a new stake in Crane NXT in the 3rd quarter valued at $45,000. Hobbs Group Advisors LLC purchased a new stake in Crane NXT in the 2nd quarter valued at $52,000. Blue Trust Inc. grew its holdings in Crane NXT by 27.8% in the 2nd quarter. Blue Trust Inc. now owns 942 shares of the company's stock valued at $58,000 after buying an additional 205 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Crane NXT by 16.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company's stock valued at $116,000 after buying an additional 265 shares in the last quarter. 77.49% of the stock is currently owned by hedge funds and other institutional investors.

Crane NXT Stock Down 0.9 %

Shares of NYSE CXT traded down $0.51 during midday trading on Thursday, hitting $56.51. The company's stock had a trading volume of 426,428 shares, compared to its average volume of 347,623. The business's fifty day simple moving average is $56.20 and its two-hundred day simple moving average is $58.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.20 and a quick ratio of 0.87. Crane NXT, Co. has a 1 year low of $49.40 and a 1 year high of $64.80. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 17.76 and a beta of 1.33.

Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.13 by $0.03. Crane NXT had a net margin of 12.97% and a return on equity of 24.25%. The business 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 posted $1.09 earnings per share. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts predict that Crane NXT, Co. will post 4.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CXT. Robert W. Baird began coverage on Crane NXT in a report on Thursday, October 17th. They issued an "outperform" rating and a $77.00 target price for the company. Baird R W raised Crane NXT to a "strong-buy" rating in a research note on Thursday, October 17th. DA Davidson reaffirmed a "buy" rating and set a $100.00 target price on shares of Crane NXT in a research note on Monday, September 30th. Finally, Northland Securities lowered their target price on shares of 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.