Peregrine Capital Management LLC Has $5.12 Million Holdings in Crane NXT, Co. $CXT

Peregrine Capital Management LLC lifted its holdings in Crane NXT, Co. (NYSE:CXT) by 14.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,730 shares of the company’s stock after acquiring an additional 14,007 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.19% of Crane NXT worth $5,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Crane NXT by 141.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock worth $25,000 after acquiring an additional 228 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Crane NXT in the 3rd quarter worth approximately $28,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Crane NXT in the 3rd quarter worth approximately $31,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Crane NXT in the 3rd quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Crane NXT by 4,080.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company’s stock worth $34,000 after acquiring an additional 612 shares in the last quarter. 77.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CXT has been the topic of several recent analyst reports. Zacks Research downgraded Crane NXT from a “hold” rating to a “strong sell” rating in a report on Friday, April 17th. DA Davidson reissued a “buy” rating and issued a $85.00 target price on shares of Crane NXT in a report on Tuesday, February 17th. Robert W. Baird set a $73.00 target price on Crane NXT in a report on Friday, February 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Crane NXT in a report on Wednesday, January 21st. Finally, Oppenheimer reduced their target price on Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.60.

Crane NXT Stock Up 1.4%

Shares of CXT opened at $45.37 on Friday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 18.08 and a beta of 1.21. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 1.50. The business’s fifty day moving average price is $45.41 and its two-hundred day moving average price is $52.39. Crane NXT, Co. has a 52 week low of $39.23 and a 52 week high of $69.00.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.02. The firm had revenue of $476.90 million for the quarter, compared to analyst estimates of $450.53 million. Crane NXT had a return on equity of 19.84% and a net margin of 8.76%.The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company earned $1.20 EPS. On average, analysts predict that Crane NXT, Co. will post 4.08 earnings per share for the current year.

Crane NXT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Saturday, February 28th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, February 27th. This is a positive change from Crane NXT’s previous quarterly dividend of $0.17. Crane NXT’s dividend payout ratio is 28.69%.

Crane NXT 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.