Resonant Capital Advisors LLC Buys Shares of 4,152 Crane NXT, Co. $CXT

Resonant Capital Advisors LLC bought a new stake in Crane NXT, Co. (NYSE:CXT) during the 2nd quarter, Holdings Channel reports. The fund bought 4,152 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also modified their holdings of CXT. AlphaQuest LLC acquired a new position in Crane NXT in the second quarter valued at approximately $25,000. Jones Financial Companies Lllp raised its position 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 valued at $37,000 after acquiring an additional 391 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of Crane NXT in the 1st quarter valued at $44,000. Financial Harvest LLC bought a new position in shares of Crane NXT in the 1st quarter worth $139,000. Finally, GAMMA Investing LLC grew its stake in shares of Crane NXT by 14.1% during the second quarter. GAMMA Investing LLC now owns 2,974 shares of the company’s stock worth $160,000 after purchasing an additional 368 shares during the period. 77.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CXT shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Crane NXT in a report on Wednesday, October 8th. DA Davidson reaffirmed a “buy” rating and issued a $85.00 price target on shares of Crane NXT in a research note on Tuesday, September 23rd. Finally, Oppenheimer increased their price target 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. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Crane NXT presently has an average rating of “Hold” and an average price target of $75.00.

Crane NXT Trading Down 0.9%

NYSE:CXT opened at $65.08 on Wednesday. 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 business’s 50-day simple moving average is $63.32 and its 200-day simple moving average is $57.34. Crane NXT, Co. has a fifty-two week low of $41.54 and a fifty-two week high of $69.00. The stock has a market capitalization of $3.74 billion, a PE ratio of 24.84 and a beta of 1.36.

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

Crane NXT Dividend Announcement

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

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.