US Bancorp DE Has $427,000 Stock Holdings in Crane NXT, Co. (NYSE:CXT)

US Bancorp DE decreased its holdings in Crane NXT, Co. (NYSE:CXT) by 5.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,607 shares of the company’s stock after selling 411 shares during the period. US Bancorp DE’s holdings in Crane NXT were worth $427,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new position in shares of Crane NXT during the first quarter worth approximately $343,000. Texas Permanent School Fund Corp boosted its holdings in shares of Crane NXT by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 42,252 shares of the company’s stock valued at $2,615,000 after purchasing an additional 548 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Crane NXT by 17.9% during the 1st quarter. Sei Investments Co. now owns 140,668 shares of the company’s stock valued at $8,708,000 after acquiring an additional 21,360 shares in the last quarter. Inspire Advisors LLC acquired a new stake in shares of Crane NXT during the 1st quarter valued at $210,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Crane NXT by 6.0% during the 1st quarter. Russell Investments Group Ltd. now owns 158,411 shares of the company’s stock valued at $9,806,000 after acquiring an additional 8,926 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. DA Davidson reaffirmed a “buy” rating and set a $100.00 target price on shares of Crane NXT in a report on Monday, September 30th. Baird R W raised Crane NXT to a “strong-buy” rating in a research report on Thursday, October 17th. Northland Securities cut their price target on 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, Robert W. Baird lifted their price target on Crane NXT from $77.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday.

Crane NXT Price Performance

Crane NXT stock opened at $56.37 on Tuesday. Crane NXT, Co. has a 12 month low of $50.31 and a 12 month high of $64.80. The company has a current ratio of 1.38, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The business’s 50 day simple moving average is $56.08 and its 200 day simple moving average is $58.61. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 18.48 and a beta of 1.33.

Crane NXT (NYSE:CXT) last posted 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. Crane NXT had a return on equity of 23.46% and a net margin of 12.18%. The business had revenue of $403.50 million for the quarter, compared to the consensus estimate of $392.44 million. During the same quarter in the prior year, the business earned $1.09 earnings per share. Crane NXT’s revenue for the quarter was up 14.3% on a year-over-year basis. Sell-side analysts forecast that Crane NXT, Co. will post 4.26 EPS for the current year.

Crane NXT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.64 annualized dividend and a yield of 1.14%. Crane NXT’s payout ratio is 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.