Crane NXT, Co. (NYSE:CXT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Crane NXT, Co. (NYSE:CXT) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $65.40.

Several research analysts have commented on the stock. Oppenheimer lowered their price objective on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, April 15th. Weiss Ratings downgraded shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. DA Davidson reiterated a “buy” rating and set a $85.00 price target on shares of Crane NXT in a report on Tuesday, February 17th. Northland Securities upgraded shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a report on Friday, May 15th. Finally, Zacks Research upgraded shares of Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its holdings in shares of Crane NXT by 141.6% during the third quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock worth $25,000 after buying an additional 228 shares in the last quarter. Camelot Portfolios LLC acquired a new position in shares of Crane NXT during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Crane NXT by 4,458.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock worth $26,000 after buying an additional 535 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Crane NXT during the third quarter worth $31,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Crane NXT in the third quarter worth $33,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Stock Down 4.2%

Shares of CXT opened at $39.08 on Friday. Crane NXT has a one year low of $37.00 and a one year high of $69.00. The company has a market cap of $2.25 billion, a P/E ratio of 17.45 and a beta of 1.21. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.33 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $42.54 and a two-hundred day simple moving average of $48.51.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.56 by $0.04. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The business had revenue of $387.70 million during the quarter, compared to the consensus estimate of $378.63 million. During the same period in the previous year, the business earned $0.54 earnings per share. The company’s revenue was up 17.4% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. Research analysts forecast that Crane NXT will post 4.22 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Sunday, May 31st will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, May 29th. This represents a $0.72 annualized dividend and a dividend yield of 1.8%. Crane NXT’s dividend payout ratio is 32.14%.

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. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.