D.A. Davidson & CO. Buys 6,309 Shares of Crane NXT, Co. (NYSE:CXT)

D.A. Davidson & CO. grew its holdings in shares of Crane NXT, Co. (NYSE:CXTFree Report) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,256 shares of the company’s stock after acquiring an additional 6,309 shares during the period. D.A. Davidson & CO. owned 0.17% of Crane NXT worth $5,360,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jump Financial LLC bought a new position in Crane NXT in the fourth quarter worth about $2,428,000. Hudson Bay Capital Management LP acquired a new position in Crane NXT during the third quarter worth $3,319,000. Brown Advisory Inc. increased its position in Crane NXT by 20.2% during the fourth quarter. Brown Advisory Inc. now owns 576,749 shares of the company’s stock worth $32,800,000 after purchasing an additional 97,109 shares during the last quarter. Clearbridge Investments LLC purchased a new position in shares of Crane NXT in the third quarter valued at approximately $10,781,000. Finally, Swiss National Bank acquired a new stake in Crane NXT during the third quarter worth approximately $5,890,000. Institutional investors own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. DA Davidson raised their price target on shares of Crane NXT from $80.00 to $100.00 and gave the company a “buy” rating in a report on Monday, March 18th. Northland Securities started coverage on Crane NXT in a report on Monday, April 8th. They issued an “outperform” rating and a $91.00 target price for the company.

View Our Latest Stock Analysis on Crane NXT

Crane NXT Trading Down 0.1 %

Shares of CXT stock opened at $60.98 on Thursday. The company has a quick ratio of 1.56, a current ratio of 2.12 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $60.99 and a two-hundred day moving average price of $57.79. Crane NXT, Co. has a 12-month low of $48.42 and a 12-month high of $63.89. The firm has a market cap of $3.48 billion, a P/E ratio of 19.24 and a beta of 1.36.

Crane NXT (NYSE:CXTGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). Crane NXT had a net margin of 13.26% and a return on equity of 25.50%. The business had revenue of $313.60 million for the quarter, compared to analysts’ expectations of $311.72 million. During the same quarter in the prior year, the firm earned $0.96 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities analysts anticipate that Crane NXT, Co. will post 4.3 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Friday, May 31st. Crane NXT’s dividend payout ratio (DPR) is presently 20.19%.

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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Institutional Ownership by Quarter for Crane NXT (NYSE:CXT)

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