Ritholtz Wealth Management Has $317,000 Stock Position in Crane NXT, Co. $CXT

Ritholtz Wealth Management decreased its stake in Crane NXT, Co. (NYSE:CXT) by 3.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,878 shares of the company’s stock after selling 197 shares during the quarter. Ritholtz Wealth Management’s holdings in Crane NXT were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CXT. Kirr Marbach & Co. LLC IN lifted its stake in Crane NXT by 2.3% in the 1st quarter. Kirr Marbach & Co. LLC IN now owns 96,913 shares of the company’s stock worth $4,981,000 after acquiring an additional 2,157 shares in the last quarter. Bessemer Group Inc. lifted its stake in Crane NXT by 4.1% in the 1st quarter. Bessemer Group Inc. now owns 363,799 shares of the company’s stock worth $18,700,000 after acquiring an additional 14,317 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Crane NXT in the 1st quarter worth about $365,000. D.A. Davidson & CO. lifted its stake in Crane NXT by 7.0% in the 1st quarter. D.A. Davidson & CO. now owns 155,396 shares of the company’s stock worth $7,987,000 after acquiring an additional 10,125 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in Crane NXT in the 1st quarter worth about $44,000. 77.49% of the stock is owned by hedge funds and other institutional investors.

Crane NXT Trading Up 1.0%

Shares of NYSE CXT opened at $67.54 on Tuesday. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 25.78 and a beta of 1.36. The business has a 50 day simple moving average of $62.64 and a 200 day simple moving average of $56.44. Crane NXT, Co. has a 52 week low of $41.54 and a 52 week high of $69.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.89 and a current ratio of 1.20.

Crane NXT (NYSE:CXT) last announced its quarterly earnings results on Wednesday, June 1st. The company reported $1.81 EPS for the quarter. The business had revenue of $871.50 million during the quarter. Crane NXT had a return on equity of 20.22% and a net margin of 9.84%. On average, research analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. Crane NXT’s dividend payout ratio is currently 25.95%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CXT shares. Oppenheimer increased their price objective on Crane NXT from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. DA Davidson reissued a “buy” rating and issued a $85.00 price objective on shares of Crane NXT in a research note on Tuesday, September 23rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Crane NXT in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $75.00.

Crane NXT 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.