Peregrine Capital Management LLC Has $5.12 Million Holdings in Crane NXT, Co. $CXT

Peregrine Capital Management LLC lessened its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 3.2% during the second quarter, HoldingsChannel.com reports. The firm owned 95,005 shares of the company’s stock after selling 3,176 shares during the quarter. Peregrine Capital Management LLC’s holdings in Crane NXT were worth $5,121,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CXT. AlphaQuest LLC acquired a new position in shares of Crane NXT during the 2nd quarter worth approximately $25,000. Jones Financial Companies Lllp lifted its holdings in shares of Crane NXT by 120.3% during the 1st quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock worth $37,000 after acquiring an additional 391 shares during the period. Wayfinding Financial LLC bought a new position in Crane NXT in the first quarter valued at approximately $44,000. Financial Harvest LLC bought a new position in Crane NXT in the first quarter valued at approximately $139,000. Finally, GAMMA Investing LLC increased its stake in Crane NXT by 14.1% in the second quarter. GAMMA Investing LLC now owns 2,974 shares of the company’s stock valued at $160,000 after acquiring an additional 368 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CXT. Weiss Ratings reissued a “hold (c+)” rating on shares of Crane NXT in a research note on Wednesday, October 8th. Oppenheimer lifted their price objective on shares of Crane NXT from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. Finally, 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. 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $75.00.

Crane NXT Price Performance

Shares of NYSE:CXT opened at $65.08 on Wednesday. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 24.84 and a beta of 1.36. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.20 and a quick ratio of 0.89. The firm has a 50 day simple moving average of $63.32 and a 200 day simple moving average of $57.34. Crane NXT, Co. has a one year low of $41.54 and a one year high of $69.00.

Crane NXT (NYSE:CXT) last issued its quarterly earnings data 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 net margin of 9.84% and a return on equity of 20.22%. Research analysts predict that Crane NXT, Co. will post 4.16 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 annualized dividend and a dividend yield of 1.0%. Crane NXT’s dividend payout ratio (DPR) is presently 25.95%.

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.