Crane NXT (NYSE:CXT) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Crane NXT (NYSE:CXT) from a strong sell rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Several other analysts also recently weighed in on the company. Northland Securities set a $62.00 price objective on Crane NXT in a research report on Wednesday, February 18th. Oppenheimer dropped their price objective on Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, April 15th. UBS Group set a $58.00 price objective on Crane NXT in a research report on Friday, February 13th. Weiss Ratings downgraded Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Finally, Robert W. Baird set a $67.00 price objective on Crane NXT in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Crane NXT currently has an average rating of “Moderate Buy” and an average target price of $67.40.

Crane NXT Stock Performance

NYSE:CXT opened at $41.45 on Tuesday. The stock has a fifty day moving average price of $43.68 and a 200-day moving average price of $50.24. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 18.50 and a beta of 1.21. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.33. Crane NXT has a fifty-two week low of $39.23 and a fifty-two week high of $69.00.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.04. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The business had revenue of $387.70 million during the quarter, compared to the consensus estimate of $378.63 million. During the same period in the prior year, the company earned $0.54 EPS. Crane NXT’s revenue for the quarter was up 17.4% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. As a group, equities analysts anticipate that Crane NXT will post 4.26 EPS for the current fiscal year.

Crane NXT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Sunday, May 31st will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, May 29th. Crane NXT’s dividend payout ratio (DPR) is 32.14%.

Institutional Investors Weigh In On Crane NXT

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Crane NXT by 1.1% in the third quarter. Vanguard Group Inc. now owns 6,005,746 shares of the company’s stock valued at $402,805,000 after acquiring an additional 64,523 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Crane NXT by 12.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,930,800 shares of the company’s stock valued at $78,366,000 after buying an additional 214,857 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Crane NXT by 2,449.9% during the second quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company’s stock valued at $95,446,000 after buying an additional 1,701,361 shares during the last quarter. Capital International Investors boosted its position in shares of Crane NXT by 0.3% during the third quarter. Capital International Investors now owns 1,722,708 shares of the company’s stock valued at $115,542,000 after buying an additional 5,984 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Crane NXT by 1.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,661,619 shares of the company’s stock valued at $78,212,000 after buying an additional 25,849 shares during the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

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.