Shares of Crane NXT, Co. (NYSE:CXT – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $65.40.
A number of research firms have recently commented on CXT. Robert W. Baird set a $67.00 price objective on Crane NXT in a report on Friday, May 8th. Zacks Research raised shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Weiss Ratings cut shares of Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Northland Securities raised shares of Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research report on Friday, May 15th. Finally, 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 report on Wednesday, April 15th.
Read Our Latest Stock Report on Crane NXT
Crane NXT Trading Down 0.8%
Crane NXT (NYSE:CXT – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $387.70 million during the quarter, compared to the consensus estimate 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 for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. As a group, analysts forecast that Crane NXT will post 4.22 EPS for the current year.
Crane NXT Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Sunday, May 31st were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, May 29th. Crane NXT’s dividend payout ratio is 32.14%.
Institutional Trading of Crane NXT
Institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its position in Crane NXT by 141.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock valued at $25,000 after buying an additional 228 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Crane NXT in the 3rd quarter valued at about $31,000. Aster Capital Management DIFC Ltd purchased a new position in Crane NXT in the 3rd quarter valued at about $33,000. Camelot Portfolios LLC purchased a new position in Crane NXT in the 4th quarter valued at about $25,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in Crane NXT by 4,458.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock valued at $26,000 after buying an additional 535 shares during the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.
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.
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