Benjamin Edwards Inc. Purchases New Holdings in Crane NXT, Co. (NYSE:CXT)

Benjamin Edwards Inc. acquired a new position in shares of Crane NXT, Co. (NYSE:CXT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,658 shares of the company's stock, valued at approximately $486,000.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of Crane NXT by 2.8% during the third quarter. Victory Capital Management Inc. now owns 1,218,761 shares of the company's stock valued at $68,372,000 after acquiring an additional 33,664 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Crane NXT by 93.4% in the second quarter. Pacer Advisors Inc. now owns 1,135,065 shares of the company's stock worth $69,716,000 after buying an additional 548,155 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Crane NXT by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,084,843 shares of the company's stock worth $66,626,000 after purchasing an additional 33,460 shares in the last quarter. Congress Asset Management Co. raised its position in Crane NXT by 18.3% in the 3rd quarter. Congress Asset Management Co. now owns 742,813 shares of the company's stock worth $41,672,000 after buying an additional 114,707 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Crane NXT by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 522,205 shares of the company's stock worth $32,074,000 after purchasing an additional 19,224 shares during the last quarter. 77.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CXT has been the topic of several recent research reports. Baird R W raised Crane NXT to a "strong-buy" rating in a research note on Thursday, October 17th. Northland Securities cut their price objective on shares of Crane NXT from $96.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, October 7th. Robert W. Baird raised their target price on shares of Crane NXT from $77.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Finally, DA Davidson reissued a "buy" rating and issued a $100.00 price objective on shares of Crane NXT in a research report on Monday, September 30th.

Crane NXT Price Performance

NYSE:CXT traded up $0.46 during trading hours on Monday, hitting $61.13. The company's stock had a trading volume of 200,341 shares, compared to its average volume of 347,984. The business's 50-day moving average is $57.15 and its two-hundred day moving average is $58.42. The company has a market capitalization of $3.50 billion, a PE ratio of 20.04 and a beta of 1.34. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.01 and a current ratio of 1.38. Crane NXT, Co. has a 52-week low of $50.31 and a 52-week high of $64.80.

Crane NXT (NYSE:CXT - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.02. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The business had revenue of $403.50 million during the quarter, compared to analyst estimates of $392.44 million. During the same quarter in the previous year, the firm posted $1.09 EPS. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, research analysts anticipate that Crane NXT, Co. will post 4.26 EPS for the current fiscal year.

Crane NXT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, November 29th. Crane NXT's dividend payout ratio is 20.98%.

About Crane NXT

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.