Crane NXT (NYSE:CXT) Stock Rating Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Crane NXT (NYSE:CXT) from a buy rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

A number of other research analysts also recently commented on CXT. Weiss Ratings raised shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Northland Securities set a $65.00 target price on shares of Crane NXT in a research note on Monday, August 10th. Robert W. Baird set a $68.00 price objective on Crane NXT in a research note on Friday, August 7th. Jefferies Financial Group assumed coverage on shares of Crane NXT in a report on Tuesday, September 22nd. They set a “buy” rating and a $60.00 target price on the stock. Finally, DA Davidson reiterated a “buy” rating and issued a $85.00 price target on shares of Crane NXT in a report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.83.

Crane NXT Trading Down 2.7%

Shares of CXT stock opened at $58.60 on Friday. Crane NXT has a 12-month low of $35.71 and a 12-month high of $65.56. The company has a current ratio of 1.42, a quick ratio of 1.07 and a debt-to-equity ratio of 1.00. The stock’s 50-day moving average price is $51.02 and its 200-day moving average price is $47.91. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 24.21 and a beta of 1.08.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%. The company had revenue of $493.20 million for the quarter, compared to the consensus estimate of $475.62 million. During the same period in the previous year, the business earned $0.97 earnings per share. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Equities research analysts predict that Crane NXT will post 4.31 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Monday, August 31st were paid a dividend of $0.18 per share. The ex-dividend date was Monday, August 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.2%. Crane NXT’s dividend payout ratio is presently 29.75%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Wyoming raised its stake in shares of Crane NXT by 27.1% in the third quarter. State of Wyoming now owns 3,090 shares of the company’s stock worth $146,000 after purchasing an additional 658 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Crane NXT by 0.6% during the third quarter. D.A. Davidson & CO. now owns 95,718 shares of the company’s stock worth $4,508,000 after purchasing an additional 594 shares during the period. Simplicity Wealth LLC boosted its position in Crane NXT by 89.6% in the third quarter. Simplicity Wealth LLC now owns 21,060 shares of the company’s stock valued at $992,000 after buying an additional 9,950 shares during the last quarter. Gibbs Wealth Management boosted its position in Crane NXT by 7.8% in the third quarter. Gibbs Wealth Management now owns 16,717 shares of the company’s stock valued at $787,000 after buying an additional 1,204 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN boosted its position in Crane NXT by 4.0% in the third quarter. Kirr Marbach & Co. LLC IN now owns 120,500 shares of the company’s stock valued at $5,676,000 after buying an additional 4,688 shares during the last quarter. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Crane NXT Company Profile

Crane NXT, Co is a technology company that develops solutions for payment acceptance, cash management, currency security and brand protection. The company serves businesses and government organizations that require secure, reliable methods for processing transactions, managing cash and authenticating products and documents.

Its Payment & Merchandising Technologies segment provides payment and cash-handling equipment and software for applications including retail, vending, gaming, transportation and other automated or self-service environments.