D.A. Davidson & CO. Acquires 26,841 Shares of Crane NXT, Co. (NYSE:CXT)

D.A. Davidson & CO. increased its stake in Crane NXT, Co. (NYSE:CXT - Free Report) by 20.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,739 shares of the company's stock after purchasing an additional 26,841 shares during the quarter. D.A. Davidson & CO. owned 0.27% of Crane NXT worth $8,793,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. LRI Investments LLC grew its holdings in shares of Crane NXT by 1,875.0% in the second quarter. LRI Investments LLC now owns 632 shares of the company's stock worth $39,000 after acquiring an additional 600 shares during the period. nVerses Capital LLC bought a new stake in shares of Crane NXT during the 3rd quarter valued at about $45,000. Hobbs Group Advisors LLC purchased a new position in shares of Crane NXT in the second quarter worth approximately $52,000. Blue Trust Inc. grew its position in Crane NXT by 27.8% during the second quarter. Blue Trust Inc. now owns 942 shares of the company's stock valued at $58,000 after buying an additional 205 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Crane NXT by 16.3% during the second 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 during the last quarter. Institutional investors own 77.49% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CXT shares. Northland Securities dropped their price target on shares of Crane NXT from $96.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, October 7th. Robert W. Baird boosted their price target on Crane NXT from $77.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Baird R W raised Crane NXT to a "strong-buy" rating in a research note on Thursday, October 17th. Finally, DA Davidson reaffirmed a "buy" rating and set a $100.00 price objective on shares of Crane NXT in a research report on Monday, September 30th.

Crane NXT Price Performance

CXT stock traded down $0.40 during trading on Wednesday, reaching $62.84. The company's stock had a trading volume of 376,804 shares, compared to its average volume of 349,821. The company's fifty day moving average is $56.32 and its 200-day moving average is $58.34. Crane NXT, Co. has a 1 year low of $50.31 and a 1 year high of $64.80. The company has a market capitalization of $3.59 billion, a P/E ratio of 20.60 and a beta of 1.33. The company has a quick ratio of 1.01, a current ratio of 1.38 and a debt-to-equity ratio of 0.60.

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

Crane NXT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, November 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.02%. Crane NXT's dividend payout ratio is currently 20.98%.

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.