Crane NXT, Co. $CXT Shares Bought by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC boosted its holdings in shares of Crane NXT, Co. (NYSE:CXT) by 0.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 994,592 shares of the company’s stock after purchasing an additional 1,438 shares during the period. Conestoga Capital Advisors LLC’s holdings in Crane NXT were worth $53,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in Crane NXT by 120.3% during the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock valued at $37,000 after purchasing an additional 391 shares during the period. Fifth Third Bancorp increased its holdings in Crane NXT by 46.0% in the first quarter. Fifth Third Bancorp now owns 812 shares of the company’s stock valued at $42,000 after buying an additional 256 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Crane NXT in the first quarter valued at $44,000. Financial Harvest LLC purchased a new position in Crane NXT in the first quarter valued at $139,000. Finally, GAMMA Investing LLC increased its holdings 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 buying an additional 368 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed 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 objective on shares of Crane NXT in a report on Tuesday, September 23rd. Finally, 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 report on Wednesday. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Crane NXT has a consensus rating of “Hold” and an average price target of $75.00.

Crane NXT Stock Up 0.1%

CXT stock opened at $66.85 on Monday. The stock has a market capitalization of $3.84 billion, a P/E ratio of 25.51 and a beta of 1.36. The firm has a 50-day simple moving average of $62.48 and a 200-day simple moving average of $56.28. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.73. Crane NXT, Co. has a 52 week low of $41.54 and a 52 week high of $69.00.

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

Crane NXT Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.0%. Crane NXT’s payout ratio is currently 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.