Holocene Advisors LP bought a new position in Crane NXT, Co. (NYSE:CXT - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,729 shares of the company's stock, valued at approximately $490,000.
Other hedge funds also recently bought and sold shares of the company. LRI Investments LLC lifted its position in shares of Crane NXT by 1,875.0% during the second quarter. LRI Investments LLC now owns 632 shares of the company's stock valued at $39,000 after buying an additional 600 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Crane NXT in the 3rd quarter valued at approximately $45,000. Hobbs Group Advisors LLC purchased a new position in shares of Crane NXT in the 2nd quarter valued at approximately $52,000. Blue Trust Inc. raised its position in shares of 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 purchasing an additional 205 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of 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 purchasing an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently weighed in on CXT. Robert W. Baird increased their price target on shares of Crane NXT from $77.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. DA Davidson reiterated a "buy" rating and issued a $100.00 price target on shares of Crane NXT in a report on Monday, September 30th. Baird R W upgraded shares of Crane NXT to a "strong-buy" rating in a report on Thursday, October 17th. Finally, Northland Securities dropped 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 note on Monday, October 7th.
Check Out Our Latest Research Report on CXT
Crane NXT Price Performance
Shares of NYSE CXT traded down $0.45 during midday trading on Friday, hitting $60.67. The stock had a trading volume of 203,161 shares, compared to its average volume of 347,944. The company has a quick ratio of 1.01, a current ratio of 1.38 and a debt-to-equity ratio of 0.60. The stock has a 50 day simple moving average of $57.05 and a 200-day simple moving average of $58.44. The company has a market capitalization of $3.47 billion, a PE ratio of 19.89 and a beta of 1.34. Crane NXT, Co. has a 1 year low of $50.31 and a 1 year high of $64.80.
Crane NXT (NYSE:CXT - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.02. The company had revenue of $403.50 million for the quarter, compared to the consensus estimate of $392.44 million. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The company's revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. On average, sell-side analysts expect that Crane NXT, Co. will post 4.26 EPS for the current fiscal year.
Crane NXT Dividend Announcement
The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.05%. Crane NXT's dividend payout ratio is currently 20.98%.
About Crane NXT
(
Free Report)
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.
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