Stifel Financial Corp Has $2.45 Million Stock Holdings in Crane NXT, Co. (NYSE:CXT)

Stifel Financial Corp boosted its stake in shares of Crane NXT, Co. (NYSE:CXT) by 60.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 43,627 shares of the company’s stock after buying an additional 16,465 shares during the period. Stifel Financial Corp owned approximately 0.08% of Crane NXT worth $2,448,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its position in Crane NXT by 93.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,135,065 shares of the company’s stock valued at $69,716,000 after acquiring an additional 548,155 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Crane NXT by 97.0% in the second quarter. Hsbc Holdings PLC now owns 247,842 shares of the company’s stock valued at $15,222,000 after purchasing an additional 122,056 shares in the last quarter. Congress Asset Management Co. boosted its position in shares of Crane NXT by 18.3% during the third quarter. Congress Asset Management Co. now owns 742,813 shares of the company’s stock worth $41,672,000 after buying an additional 114,707 shares during the period. Potrero Capital Research LLC bought a new position in shares of Crane NXT during the third quarter worth about $5,734,000. Finally, ArrowMark Colorado Holdings LLC acquired a new stake in Crane NXT in the 3rd quarter valued at approximately $5,712,000. Institutional investors own 77.49% of the company’s stock.

Crane NXT Price Performance

NYSE:CXT opened at $57.07 on Thursday. 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 fifty day simple moving average of $57.86 and a 200 day simple moving average of $58.35. Crane NXT, Co. has a 1-year low of $52.89 and a 1-year high of $64.80. The stock has a market capitalization of $3.26 billion, a PE ratio of 18.71 and a beta of 1.34.

Crane NXT (NYSE:CXT) last released 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 analyst estimates 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 previous year, the business earned $1.09 EPS. On average, research analysts expect that Crane NXT, Co. will post 4.26 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Friday, November 29th. Crane NXT’s dividend payout ratio (DPR) is presently 20.98%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and set a $100.00 price target on shares of Crane NXT in a research note on Monday, September 30th. Baird R W raised shares of Crane NXT to a “strong-buy” rating in a research report on Thursday, October 17th. Robert W. Baird boosted their price target on shares of Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Northland Securities decreased their price objective on Crane NXT from $96.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, October 7th.

Crane NXT Company Profile

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.