Brokerages Set Crane NXT, Co. (NYSE:CXT) PT at $68.20

Shares of Crane NXT, Co. (NYSE:CXT) have earned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $68.20.

CXT has been the subject of several recent analyst reports. Weiss Ratings raised shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Northland Securities set a $65.00 price target on shares of Crane NXT in a report on Monday, August 10th. Robert W. Baird set a $68.00 price objective on shares of Crane NXT in a report on Friday, August 7th. Finally, Zacks Research raised Crane NXT from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th.

Crane NXT Price Performance

Shares of NYSE:CXT opened at $50.13 on Monday. Crane NXT has a 1-year low of $35.71 and a 1-year high of $69.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.42 and a quick ratio of 1.07. The business has a fifty day moving average price of $51.22 and a 200-day moving average price of $46.25. The company has a market capitalization of $2.89 billion, a PE ratio of 20.71 and a beta of 1.08.

Crane NXT (NYSE:CXT) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%.The firm had revenue of $493.20 million during the quarter, compared to analyst estimates of $475.62 million. During the same quarter in the previous year, the firm earned $0.97 EPS. Crane NXT’s quarterly revenue was up 22.1% compared to the same quarter last year. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. As a group, equities analysts expect that Crane NXT will post 4.27 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Monday, August 31st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. Crane NXT’s dividend payout ratio (DPR) is 29.75%.

Hedge Funds Weigh In On Crane NXT

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC increased its stake 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 in the last quarter. California State Teachers Retirement System boosted its holdings in Crane NXT by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 44,954 shares of the company’s stock worth $2,423,000 after buying an additional 271 shares during the period. Madison Asset Management LLC boosted its holdings in Crane NXT by 0.6% in the 4th quarter. Madison Asset Management LLC now owns 45,289 shares of the company’s stock worth $2,132,000 after buying an additional 290 shares during the period. Creative Planning increased its stake in Crane NXT by 2.9% in the 3rd quarter. Creative Planning now owns 13,472 shares of the company’s stock worth $904,000 after buying an additional 384 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its stake in Crane NXT by 7.7% in the 4th quarter. Kestra Advisory Services LLC now owns 5,407 shares of the company’s stock worth $254,000 after buying an additional 386 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

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.