Crane NXT, Co. (NYSE:CXT) Shares Sold by Creative Planning

Creative Planning decreased its position in shares of Crane NXT, Co. (NYSE:CXT) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,509 shares of the company’s stock after selling 320 shares during the quarter. Creative Planning’s holdings in Crane NXT were worth $768,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CXT. Congress Asset Management Co. MA acquired a new stake in shares of Crane NXT during the fourth quarter worth about $987,000. Wellington Management Group LLP acquired a new stake in shares of Crane NXT during the fourth quarter worth about $66,550,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Crane NXT during the fourth quarter worth about $3,526,000. HighPoint Advisor Group LLC acquired a new stake in shares of Crane NXT during the fourth quarter worth about $418,000. Finally, Atlas Capital Advisors LLC lifted its holdings in shares of Crane NXT by 30.5% during the first quarter. Atlas Capital Advisors LLC now owns 2,470 shares of the company’s stock worth $153,000 after purchasing an additional 577 shares during the period. Institutional investors and hedge funds own 77.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CXT. Northland Securities decreased their target price on Crane NXT from $96.00 to $85.00 and set an “outperform” rating for the company in a report on Monday, October 7th. DA Davidson reiterated a “buy” rating and set a $100.00 price target on shares of Crane NXT in a research report on Monday, September 30th.

Crane NXT Stock Up 1.9 %

Shares of CXT stock opened at $55.06 on Friday. The stock has a 50 day moving average of $56.76 and a 200 day moving average of $59.43. The company has a current ratio of 1.20, a quick ratio of 0.87 and a debt-to-equity ratio of 0.65. The stock has a market cap of $3.15 billion, a P/E ratio of 17.54 and a beta of 1.32. Crane NXT, Co. has a twelve month low of $48.42 and a twelve month high of $64.80.

Crane NXT (NYSE:CXT) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.02. The business had revenue of $370.60 million during the quarter, compared to analysts’ expectations of $367.08 million. Crane NXT had a return on equity of 24.25% and a net margin of 12.97%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 earnings per share. As a group, sell-side analysts expect that Crane NXT, Co. will post 4.28 EPS for the current year.

Crane NXT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Friday, August 30th. Crane NXT’s dividend payout ratio (DPR) is presently 20.38%.

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.