Benjamin Edwards Inc. Has $755,000 Holdings in Crane NXT, Co. (NYSE:CXT)

Benjamin Edwards Inc. boosted its position in shares of Crane NXT, Co. (NYSE:CXT) by 49.7% in the fourth quarter, Holdings Channel reports. The fund owned 12,959 shares of the company’s stock after acquiring an additional 4,301 shares during the period. Benjamin Edwards Inc.’s holdings in Crane NXT were worth $755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Covestor Ltd lifted its position in shares of Crane NXT by 38.6% during the 4th quarter. Covestor Ltd now owns 739 shares of the company’s stock worth $43,000 after purchasing an additional 206 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Crane NXT by 1.0% during the fourth quarter. Amalgamated Bank now owns 22,950 shares of the company’s stock worth $1,336,000 after buying an additional 233 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Crane NXT by 1.2% during the fourth quarter. Corient Private Wealth LLC now owns 21,139 shares of the company’s stock worth $1,231,000 after buying an additional 254 shares during the last quarter. Cetera Trust Company N.A boosted its position in shares of Crane NXT by 7.0% in the fourth quarter. Cetera Trust Company N.A now owns 4,198 shares of the company’s stock valued at $244,000 after acquiring an additional 275 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of Crane NXT by 98.6% in the fourth quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock worth $32,000 after acquiring an additional 276 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CXT. Northland Capmk downgraded shares of Crane NXT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Northland Securities cut shares of Crane NXT from an “outperform” rating to a “market perform” rating and set a $72.00 target price for the company. in a research note on Tuesday, February 18th. Finally, DA Davidson lowered their price target on Crane NXT from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.33.

Crane NXT Trading Up 3.8 %

Shares of Crane NXT stock opened at $52.92 on Friday. The company’s fifty day moving average price is $49.15 and its two-hundred day moving average price is $55.94. The firm has a market capitalization of $3.04 billion, a PE ratio of 16.59 and a beta of 1.27. Crane NXT, Co. has a 52-week low of $41.54 and a 52-week high of $67.01. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88.

Crane NXT (NYSE:CXT) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. The firm had revenue of $330.30 million during the quarter, compared to analyst estimates of $318.46 million. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 earnings per share. On average, analysts expect that Crane NXT, Co. will post 4.16 EPS for the current year.

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, May 30th. This represents a $0.68 annualized dividend and a yield of 1.28%. Crane NXT’s dividend payout ratio is currently 23.37%.

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.