CreativeOne Wealth LLC Raises Stake in Crane NXT, Co. (NYSE:CXT)

CreativeOne Wealth LLC grew its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 6.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 8,011 shares of the company’s stock after acquiring an additional 469 shares during the quarter. CreativeOne Wealth LLC’s holdings in Crane NXT were worth $449,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CXT. GAMMA Investing LLC raised its position in Crane NXT by 9.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,187 shares of the company’s stock worth $134,000 after purchasing an additional 195 shares during the period. Blue Trust Inc. increased its holdings in shares of Crane NXT by 27.8% in the second quarter. Blue Trust Inc. now owns 942 shares of the company’s stock worth $58,000 after buying an additional 205 shares during the period. Atria Investments Inc lifted its stake in shares of Crane NXT by 6.0% in the 3rd quarter. Atria Investments Inc now owns 3,700 shares of the company’s stock valued at $208,000 after acquiring an additional 208 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Crane NXT by 1.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 12,923 shares of the company’s stock valued at $725,000 after acquiring an additional 245 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its position in Crane NXT by 16.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock worth $116,000 after acquiring an additional 265 shares during the last quarter. 77.49% of the stock is currently owned by institutional investors.

Crane NXT Stock Down 0.1 %

Shares of NYSE CXT opened at $62.68 on Monday. The firm has a fifty day simple moving average of $56.55 and a two-hundred day simple moving average of $58.40. Crane NXT, Co. has a 12 month low of $50.31 and a 12 month high of $64.80. The company has a current ratio of 1.38, a quick ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $3.58 billion, a PE ratio of 20.55 and a beta of 1.33.

Crane NXT (NYSE:CXT) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. The company had revenue of $403.50 million during the quarter, compared to the consensus estimate of $392.44 million. Crane NXT had a net margin of 12.18% and a return on equity of 23.46%. Crane NXT’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 earnings per share. Equities analysts expect that Crane NXT, Co. will post 4.26 earnings per share for the current year.

Crane NXT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.64 annualized dividend and a dividend yield of 1.02%. Crane NXT’s dividend payout ratio is presently 20.98%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CXT shares. DA Davidson reissued a “buy” rating and set a $100.00 price objective on shares of Crane NXT in a research note on Monday, September 30th. Northland Securities cut their price target on shares of Crane NXT from $96.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, October 7th. Baird R W upgraded shares of Crane NXT to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Robert W. Baird boosted their price target on Crane NXT from $77.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

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.