Brokerages Set Crane NXT, Co. (NYSE:CXT) Target Price at $75.80

Shares of Crane NXT, Co. (NYSE:CXT) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $75.80.

CXT has been the topic of a number of recent research reports. Robert W. Baird lowered their target price on Crane NXT from $88.00 to $82.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. CJS Securities upgraded Crane NXT to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Crane NXT in a report on Wednesday, October 8th. Oppenheimer boosted their target price on shares of Crane NXT from $70.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. Finally, Zacks Research downgraded shares of Crane NXT from a “hold” rating to a “strong sell” rating in a research note on Monday, January 5th.

Institutional Investors Weigh In On Crane NXT

Several institutional investors have recently made changes to their positions in the stock. US Bancorp DE grew its position in Crane NXT by 2.0% during the third quarter. US Bancorp DE now owns 8,445 shares of the company’s stock worth $566,000 after buying an additional 169 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Crane NXT by 8.5% during the 3rd quarter. Whittier Trust Co. now owns 2,170 shares of the company’s stock worth $144,000 after purchasing an additional 170 shares in the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Crane NXT by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 50,304 shares of the company’s stock worth $2,711,000 after purchasing an additional 190 shares in the last quarter. CIBC Private Wealth Group LLC increased 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 worth $233,000 after purchasing an additional 206 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Crane NXT by 141.6% in the third quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock valued at $25,000 after purchasing an additional 228 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors.

Crane NXT Stock Performance

NYSE CXT opened at $51.02 on Friday. The stock has a market cap of $2.93 billion, a PE ratio of 19.04 and a beta of 1.18. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.94 and a current ratio of 1.26. The firm has a 50-day moving average of $52.41 and a 200-day moving average of $58.38. Crane NXT has a 52-week low of $41.54 and a 52-week high of $69.00.

Crane NXT (NYSE:CXT) last released its quarterly earnings results on Wednesday, November 5th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.03. The firm had revenue of $445.10 million for the quarter, compared to analysts’ expectations of $431.38 million. Crane NXT had a net margin of 9.80% and a return on equity of 20.24%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.16 EPS. Crane NXT has set its FY 2025 guidance at 4.000-4.100 EPS. On average, sell-side analysts anticipate that Crane NXT will post 4.16 EPS for the current year.

Crane NXT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 28th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, November 28th. Crane NXT’s dividend payout ratio is presently 25.37%.

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.