Wealth Enhancement Advisory Services LLC Buys 908 Shares of Crane NXT, Co. (NYSE:CXT)

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 25.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,469 shares of the company’s stock after acquiring an additional 908 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Crane NXT were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CXT. LRI Investments LLC purchased a new position in shares of Crane NXT in the first quarter valued at $38,000. nVerses Capital LLC bought a new position in Crane NXT in the third quarter worth approximately $45,000. Hobbs Group Advisors LLC purchased a new stake in shares of Crane NXT during the second quarter valued at about $52,000. Blue Trust Inc. increased its position in shares of Crane NXT by 27.8% during the second quarter. Blue Trust Inc. now owns 942 shares of the company’s stock worth $58,000 after purchasing an additional 205 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Crane NXT by 16.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock worth $116,000 after acquiring an additional 265 shares during the last quarter. Institutional investors own 77.49% of the company’s stock.

Crane NXT Price Performance

CXT stock opened at $56.37 on Tuesday. The business’s fifty day moving average price is $56.08 and its 200 day moving average price is $58.61. 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 company has a market capitalization of $3.22 billion, a PE ratio of 18.48 and a beta of 1.33.

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

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Friday, November 29th. Crane NXT’s payout ratio is presently 20.98%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Robert W. Baird lifted their target price on Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday. Baird R W raised shares of Crane NXT to a “strong-buy” rating in a report on Thursday, October 17th. DA Davidson reiterated a “buy” rating and issued a $100.00 target price on shares of Crane NXT in a research report on Monday, September 30th. Finally, Northland Securities lowered their price target on shares of Crane NXT from $96.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, October 7th.

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.