MQS Management LLC Has $421,000 Holdings in Crane NXT, Co. $CXT

MQS Management LLC boosted its stake in Crane NXT, Co. (NYSE:CXT) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,819 shares of the company’s stock after buying an additional 457 shares during the quarter. MQS Management LLC’s holdings in Crane NXT were worth $421,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. FourThought Financial Partners LLC boosted its stake in shares of Crane NXT by 4.6% in the 1st quarter. FourThought Financial Partners LLC now owns 4,909 shares of the company’s stock valued at $252,000 after purchasing an additional 216 shares in the last quarter. Deutsche Bank AG lifted its holdings in Crane NXT by 4.2% during the 1st quarter. Deutsche Bank AG now owns 6,077 shares of the company’s stock valued at $312,000 after purchasing an additional 246 shares during the last quarter. Kirr Marbach & Co. LLC IN boosted its position in Crane NXT by 0.3% in the second quarter. Kirr Marbach & Co. LLC IN now owns 97,159 shares of the company’s stock valued at $5,237,000 after buying an additional 246 shares in the last quarter. EP Wealth Advisors LLC grew its stake in Crane NXT by 8.0% during the first quarter. EP Wealth Advisors LLC now owns 4,682 shares of the company’s stock worth $241,000 after buying an additional 346 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Crane NXT by 14.1% in the second quarter. GAMMA Investing LLC now owns 2,974 shares of the company’s stock valued at $160,000 after acquiring an additional 368 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Trading Down 0.6%

Shares of CXT opened at $66.14 on Monday. The stock’s fifty day simple moving average is $63.12 and its 200-day simple moving average is $57.07. The firm has a market capitalization of $3.80 billion, a PE ratio of 25.24 and a beta of 1.36. Crane NXT, Co. has a 12-month low of $41.54 and a 12-month high of $69.00. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.73.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Wednesday, June 1st. The company reported $1.81 earnings per share for the quarter. The firm had revenue of $871.50 million during the quarter. Crane NXT had a return on equity of 20.22% and a net margin of 9.84%. As a group, research analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current year.

Crane NXT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 29th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. Crane NXT’s dividend payout ratio (DPR) is presently 25.95%.

Analyst Ratings Changes

A number of equities research analysts recently commented on CXT shares. Weiss Ratings restated a “hold (c+)” rating on shares of Crane NXT in a research report on Friday. Oppenheimer raised their target price on Crane NXT from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Finally, DA Davidson reiterated a “buy” rating and set a $85.00 price target on shares of Crane NXT in a research report on Tuesday, September 23rd. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $75.00.

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.