Crane NXT (NYSE:CXT) Stock Rating Lowered by Northland Securities

Northland Securities cut shares of Crane NXT (NYSE:CXT - Free Report) from an outperform rating to a market perform rating in a research report released on Tuesday morning, Marketbeat.com reports. They currently have $72.00 target price on the stock.

Separately, Robert W. Baird upped their price target on Crane NXT from $77.00 to $78.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.33.

Crane NXT Trading Down 1.9 %

NYSE:CXT traded down $1.12 on Tuesday, hitting $58.15. 601,218 shares of the stock were exchanged, compared to its average volume of 449,177. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 18.23 and a beta of 1.36. Crane NXT has a 52 week low of $52.89 and a 52 week high of $67.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 1.14. The company's 50-day moving average price is $60.94 and its 200 day moving average price is $58.59.

Crane NXT (NYSE:CXT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.01. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. On average, equities research analysts forecast that Crane NXT will post 4.16 earnings per share for the current year.

Crane NXT Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Friday, February 28th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Crane NXT's previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.17%. Crane NXT's dividend payout ratio is 20.06%.

Institutional Trading of Crane NXT

A number of institutional investors and hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Crane NXT by 23.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 144,474 shares of the company's stock worth $8,411,000 after purchasing an additional 27,130 shares in the last quarter. Voloridge Investment Management LLC increased its stake in Crane NXT by 76.8% during the 4th quarter. Voloridge Investment Management LLC now owns 126,078 shares of the company's stock worth $7,340,000 after purchasing an additional 54,770 shares in the last quarter. Squarepoint Ops LLC increased its stake in Crane NXT by 39.7% during the 4th quarter. Squarepoint Ops LLC now owns 14,480 shares of the company's stock worth $843,000 after purchasing an additional 4,113 shares in the last quarter. Two Sigma Advisers LP increased its stake in Crane NXT by 51.9% during the 4th quarter. Two Sigma Advisers LP now owns 171,500 shares of the company's stock worth $9,985,000 after purchasing an additional 58,600 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in Crane NXT by 61.1% during the 4th quarter. Two Sigma Investments LP now owns 333,294 shares of the company's stock worth $19,404,000 after purchasing an additional 126,434 shares in the last quarter. 77.49% of the stock is owned by institutional investors.

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.