Crane NXT, Co. (NYSE:CXT) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp raised its stake in shares of Crane NXT, Co. (NYSE:CXT - Free Report) by 60.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,627 shares of the company's stock after purchasing an additional 16,465 shares during the period. Stifel Financial Corp owned 0.08% of Crane NXT worth $2,448,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CXT. LRI Investments LLC lifted its position in Crane NXT by 1,875.0% during the 2nd quarter. LRI Investments LLC now owns 632 shares of the company's stock worth $39,000 after acquiring an additional 600 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Crane NXT in the 3rd quarter worth approximately $45,000. Blue Trust Inc. boosted its holdings in shares of 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 acquiring an additional 205 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Crane NXT by 16.3% in the second 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 period. Finally, GAMMA Investing LLC lifted its holdings in Crane NXT by 17.4% in the third quarter. GAMMA Investing LLC now owns 2,567 shares of the company's stock worth $144,000 after purchasing an additional 380 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Crane NXT Trading Down 0.2 %

CXT stock traded down $0.11 during midday trading on Thursday, hitting $56.96. The stock had a trading volume of 560,326 shares, compared to its average volume of 348,267. The business has a fifty day moving average price of $57.86 and a two-hundred day moving average price of $58.35. Crane NXT, Co. has a 1-year low of $52.89 and a 1-year high of $64.80. The company has a current ratio of 1.38, a quick ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm has a market cap of $3.26 billion, a P/E ratio of 18.68 and a beta of 1.34.

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

Crane NXT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.12%. The ex-dividend date was Friday, November 29th. Crane NXT's dividend payout ratio (DPR) is presently 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.