Quest Partners LLC Acquires Shares of 3,226 Crane NXT, Co. (NYSE:CXT)

Quest Partners LLC acquired a new stake in Crane NXT, Co. (NYSE:CXT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,226 shares of the company’s stock, valued at approximately $181,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LRI Investments LLC grew its position 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 valued at $39,000 after purchasing an additional 600 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Crane NXT in the third quarter valued at approximately $45,000. Hobbs Group Advisors LLC acquired a new position in shares of Crane NXT in the second quarter valued at approximately $52,000. Blue Trust Inc. grew its position in shares of Crane NXT by 27.8% in the second 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. grew its position 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 last quarter. Institutional investors own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

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

Crane NXT Trading Down 0.6 %

Shares of CXT stock opened at $62.84 on Thursday. The stock’s fifty day moving average price is $56.32 and its two-hundred day moving average price is $58.34. The company has a market cap of $3.59 billion, a PE ratio of 20.60 and a beta of 1.33. Crane NXT, Co. has a fifty-two week low of $50.31 and a fifty-two week high of $64.80. 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 (NYSE:CXT) last issued its earnings results on Wednesday, November 6th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.02. The firm 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 was up 14.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. Equities analysts predict that Crane NXT, Co. will post 4.26 EPS for the current fiscal year.

Crane NXT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, November 29th. Crane NXT’s dividend payout ratio 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.