Crane NXT, Co. (NYSE:CXT) Given Consensus Rating of “Moderate Buy” by Analysts

Crane NXT, Co. (NYSE:CXT) has earned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $65.40.

A number of equities research analysts have recently weighed in on CXT shares. Robert W. Baird set a $67.00 target price on shares of Crane NXT in a research note on Friday, May 8th. Oppenheimer decreased their price target on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. Weiss Ratings lowered shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Northland Securities raised Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price objective on the stock in a research report on Friday, May 15th. Finally, Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th.

Institutional Investors Weigh In On Crane NXT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its position in shares of Crane NXT by 6.3% in the third quarter. CIBC Private Wealth Group LLC now owns 3,472 shares of the company’s stock valued at $233,000 after acquiring an additional 206 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Crane NXT by 0.6% during the second quarter. California State Teachers Retirement System now owns 44,954 shares of the company’s stock worth $2,423,000 after purchasing an additional 271 shares in the last quarter. Madison Asset Management LLC raised its stake in Crane NXT by 0.6% during the 4th quarter. Madison Asset Management LLC now owns 45,289 shares of the company’s stock valued at $2,132,000 after purchasing an additional 290 shares during the period. Creative Planning raised its stake in Crane NXT by 2.9% during the 3rd quarter. Creative Planning now owns 13,472 shares of the company’s stock valued at $904,000 after purchasing an additional 384 shares during the period. Finally, Kestra Advisory Services LLC raised its stake in Crane NXT by 7.7% during the 4th quarter. Kestra Advisory Services LLC now owns 5,407 shares of the company’s stock valued at $254,000 after purchasing an additional 386 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Price Performance

Shares of CXT stock opened at $51.36 on Friday. The firm has a market cap of $2.96 billion, a P/E ratio of 22.93 and a beta of 1.10. Crane NXT has a fifty-two week low of $35.71 and a fifty-two week high of $69.00. The business’s 50 day moving average price is $44.12 and its 200-day moving average price is $46.19. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.33.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. The firm had revenue of $387.70 million for the quarter, compared to analysts’ expectations of $378.63 million. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The business’s revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. On average, equities research analysts anticipate that Crane NXT will post 4.23 earnings per share for the current year.

Crane NXT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Sunday, May 31st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, May 29th. Crane NXT’s dividend payout ratio (DPR) is presently 32.14%.

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